Starworth Secures Rs 272 Crore Contract for Bengaluru Residential Project
Starworth Infrastructure & Construction Limited, a subsidiary of Puravankara Limited, has secured a significant Rs 272 crore contract for a residential project in Varthur, Bengaluru. This contract, awarded by Tru Dwellings Private Limited, marks a notable addition to the company's growing EPC-commercial portfolio and reflects its expanding presence in India’s real estate sector.
Real EstateConstructionPuravankara LimitedBengaluruTru AquapolisReal Estate NewsJun 19, 2025
Puravankara Limited, a well-established name in the Indian real estate space, continues to deepen its presence across key urban markets, including Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai, Pune, and Goa. The company operates across three main segments—luxury housing under the Puravankara brand, affordable housing through Provident, and plotted developments via Purva Land. To date, it has delivered 43 million square feet across 74 projects, supported by a land bank of 43.40 million square feet, providing launch runway for 12 to 15 years.
In H1FY24, the company's brand contribution stood at 57 per cent from Puravankara, 33 per cent from Provident, and 10 per cent from Purva Land. During this period, it recorded sales of 3.37 million square feet and plans to launch an additional 12.6 million square feet from FY24 to FY27. Strategic alliances, including partnerships with IFC and the IFC Emerging Asia Fund, are central to the company’s expansion goals. Moreover, digital initiatives through collaborations with SAP and IBM are streamlining operations and enhancing customer experience.
As of June 18, 2025, Puravankara’s stock is trading at Rs 280.2. It has a 52-week high of Rs 550.8 and a 52-week low of Rs 218.1. The market capitalization stands at Rs 6,844 crore. Despite a 1-year return of -35.15 per cent, the stock has generated a multibagger 3-year return of 243.38 per cent. This strong long-term performance positions it as a key Mid-Cap player in the real estate space. PE ratio data is currently not available.
Puravankara’s continued wins, expanding project pipeline, robust land reserves, and focus on digital and strategic partnerships suggest a forward-looking approach in India's dynamic construction industry. Investors continue to monitor such developments closely, especially with the broader growth in residential projects and real estate investment trends across Indian metros.
Frequently Asked Questions
What is the value of the contract secured by Starworth Infrastructure & Construction Limited?
The contract is valued at Rs 272.02 crore.
What project is Starworth Infrastructure & Construction Limited working on?
Starworth is working on the 'TRU AQUAPOLIS' residential project in Varthur, Bengaluru.
What are the main segments of Puravankara Limited?
Puravankara Limited operates in three main segments: luxury housing under the Puravankara brand, affordable housing through Provident, and plotted developments via Purva Land.
What is the current market capitalization of Puravankara Limited?
The market capitalization of Puravankara Limited stands at Rs 6,844 crore.
What is the 3-year return on Puravankara's stock?
The 3-year return on Puravankara's stock is 243.38 per cent.
Related News Articles
India's Rise to Realty Prominence: A Billion-Dollar Boom
India is accelerating to become the real estate capital of Asia, with a total valuation of Rs 14.2 trillion among the top 100 realty companies.
Maharashtra Cabinet Renames Pune Airport After Sant Tukaram Maharaj
The Maharashtra Cabinet has approved a proposal to rename Pune airport after the 17th-century Warkari saint and poet, Sant Tukaram Maharaj.
The Downfall of Real Estate Moguls: Alexander Brothers Arrested in Miami
In a shocking turn of events, the renowned real estate moguls, the Alexander Brothers, were recently arrested in Miami. This news has sent ripples through the business community, leaving many to wonder what led to their downfall.
Luxury Homes, Toxic Air: The Urban Pollution Paradox in India
Nithin Kamath, a prominent real estate analyst, highlights the growing concern of urban pollution in major Indian cities like Delhi, Mumbai, and Bengaluru. Despite seeing a surge in luxury real estate, these cities struggle with alarming levels of air pol
Tragic Incident: Two Workers Killed, One Injured as Slab Collapses in Chikhla Mines
A devastating slab collapse in the Chikhla mines of Manganese Ore (India) has resulted in the death of two workers and left one injured. The incident has raised serious concerns about safety protocols in the mining industry.
Women Home Buyers Witness 14% Surge in 2024: Report
A recent report by Square Yards, titled 'Key Holders of Change - Women Driving Real Estate Growth and Transformation,' reveals a significant 14% increase in women homebuyers in 2024.