Business Update29 Apr 2026, 06:43 pm
Puravankara's subsidiary bags ₹144.45 Cr residential project LOI
AI Summary
Puravankara Limited's wholly-owned subsidiary, Starworth Infrastructure & Construction Limited (SICL), has received a Letter of Intent from NPS Developers. The LOI is for the execution of civil, structure, waterproofing, finishes, and allied works for the "Nature's Nest" residential project located in Chinnagenahalli, Bangalore District, Karnataka. The approximate contract value is ₹144.45 Crores, excluding GST and Labour Cess. This domestic order is an item rate contract and is expected to be completed within 28 months.
Key Highlights
- Puravankara's subsidiary SICL secured a Letter of Intent.
- The contract is valued at approximately ₹144.45 Crores.
- It involves civil, structure, and finishing works for a residential project.
- The project is located in Bangalore and awarded by NPS Developers.
- The execution period for the contract is 28 months.