Puravankara Subsidiary Starworth Wins ₹509.52 Cr Contract for Varnam Phase 1

Starworth Secures ₹509.52 Crore Turnkey Contract for Varnam Phase 1

Puravankara Limited has announced that its wholly owned subsidiary, Starworth Infrastructure & Construction, has secured a construction contract valued at Rs 5.0952 billion. The letter of award has been issued by One Bangalore Luxury Projects LLP for the execution of Varnam Phase 1, a part of the One Bangalore Luxury Project in Akalehahalli–Mallenhalli Village, Kasaba Hobli, Bengaluru Rural District, Karnataka.

Scope and Execution Timeline

The contract includes comprehensive turnkey responsibilities, covering civil works, finishes, mechanical, electrical and plumbing (MEP) services, along with external development. The project is planned to be completed within 36 months.

SICL has clarified that neither promoters nor promoter-group entities have any interest in the awarding entity.

Starworth's Expanding Order Book

Starworth Infrastructure and Construction Limited (SICL) is a wholly owned subsidiary of PuravankaraTM Group, a leading real-estate developer, with over 40 years of real estate development and construction experience. SICL was conceptualized as an internal engineering division of the Purvankara Group, in 2001, to extend its Business model through backward integration in construction.

It was in the year of 2009, when Starworth was established as an independent General Contracting Company, to pursue external construction contracts as well back-end service provider to the parent group. The Varnam Phase 1 award adds to a growing pipeline of third-party EPC (Engineering, Procurement, and Construction) mandates for the subsidiary. Puravankara's subsidiary Starworth Infrastructure & Construction Ltd has secured a ₹311.18 crore residential construction contract for the Sattva AANGANE project in Bengaluru, spanning 3.04 million square feet with a 37-month execution timeline. This follows another ₹211.53 crore order received in October, strengthening the subsidiary's order book.

Devanahalli as a Luxury Residential Corridor

Infrastructure projects worth over ₹50,000 crores are underway including the BIAL Airport expansion, Aerospace Park Phase 2, and the proposed Metro connectivity, with property values in Devanahalli appreciating by 35-45% in the last five years. The area is a key growth hub driven by major developments like the KIADB Aerospace Park, Devanahalli Business Park, and upcoming STRR (Satellite Town Ring Road) and metro connectivity plans, making it highly attractive for residential and investment projects.

Bengaluru continues to be one of Puravankara's strongest markets, and the latest project further anchors its presence in the city's luxury and premium residential corridor.