Puravankara Limited has announced that its wholly-owned subsidiary, Starworth Infrastructure & Construction Limited (SICL), has received a Letter of Intent for a significant residential project in Bangalore. The contract involves the execution of civil, structural, and finishing works for the “Nature’s Nest” project. This disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The contract, awarded by NPS Developers, is valued at approximately 144.45 Crores (excluding GST and Labour Cess). The project is located at Chinnagenahalli, Bangalore, and is slated for completion within a period of 28 months. This agreement is categorized as an item rate contract and does not involve any related party transactions.

Puravankara Limited, established in 1975, is a leading Indian real estate developer headquartered in Bengaluru. The company operates primarily through its three distinct brands: Puravankara for luxury housing, Provident Housing for the mid-income segment, and Purva Land for plotted developments. In 2025, the company continued its expansion by appointing Mallanna Sasalu as CEO of South and launching premium projects like Purva Silversky. Recent updates from 2025 highlight a robust project pipeline, with the company unveiling plans for 30 new projects across South India and Mumbai, estimated to have a gross development value of over 55,000 Crores.

For the last reported quarterly financial results (Q3 FY26), Puravankara Limited demonstrated a significant financial turnaround. The company reported a consolidated revenue of 1,069.31 Crores, marking a robust 236.08% YoY growth and a 65.99% QoQ increase. More notably, the company swung to a net profit of 58.34 Crores for the quarter, compared to a net loss in the previous quarter and the corresponding quarter of the last year. This turnaround represented a 162.97% YoY improvement in net profit. Key institutional investors in the company include Atyant Capital Management Limited, which held a 7.61% stake as of late 2025, along with other notable holders such as the Gothic Corporation and Life Insurance Corporation of India.