Starworth Infrastructure Wins ₹272 Crore EPC Contract for TRU AQUAPOLIS

Starworth Infrastructure Secures ₹272 Crore Construction Contract

Puravankara Limited announced that its wholly owned subsidiary, Starworth Infrastructure & Construction Limited, has received a Letter of Intent for a major civil and finishing works contract valued at ₹272.02 crore. The project pertains to the construction of a residential apartment complex named TRU AQUAPOLIS, located in Varthur, Bengaluru, with the contract awarded by TRU Dwellings Private Limited.

Contract Structure and Scope

The contract is an EPC-commercial order covering civil and finishing services for the upcoming apartment project. The contract is domestic in nature and is to be executed as per the terms and timeline specified in the formal agreement. Puravankara has confirmed that there is no promoter or related-party involvement in the awarding of this contract.

About TRU AQUAPOLIS

The project comprises 7 towers with 666 units spread across a land parcel of approximately 8.25 acres. TRU AQUAPOLIS is a brand new premium residential apartment project launched on Varthur Road near Nexus Whitefield, East Bangalore. The project is located along the vibrant Whitefield Main Road in Bangalore and features spacious 3 and 4 BHK apartments tailored for modern families.

The project is expected to be delivered by April 2029. TRU AQUAPOLIS is a RERA-registered housing society with the RERA registration number PRM/KA/RERA/1251/446/PR/040625/007808.

Starworth Infrastructure's Track Record

Starworth Infrastructure and Construction Limited (SICL) delivers technology-enabled construction solutions. Recent contract wins demonstrate the subsidiary's expanding presence in the EPC space. The Nature's Nest win underscores Starworth Infrastructure's aggressive expansion into third-party EPC contracts, following a ₹210 crore commercial high-rise mandate in Hyderabad and a ₹185 crore luxury project in Chennai.

Puravankara's Expansion Strategy

Puravankara Limited, founded in 1975 and headquartered in Bengaluru, operates across residential, commercial, plotted land and redevelopment segments and has delivered 86 projects covering 50 million sq ft with another 31 million sq ft under development across over 23,000 homes. This EPC contract reinforces strategic diversification away from Puravankara's conventional real estate development business model, underlining its focus on vertical integration through subsidiary Starworth.

Market Response

Puravankara's share price surged 8% on June 19, 2025, during the early part of the trading session. This rally reflects growing investor confidence following the development of the key project.