Starworth Infrastructure & Construction Limited (SICL), a key construction arm associated with the Puravankara Limited ecosystem, has received a Letter of Intent for a large-scale residential project in Bengaluru. The contract has been awarded by Sattva Resi Private Limited, further strengthening SICL’s order book visibility.
The project, named Sattva AANGANE, is a proposed residential development located in East Taluk, Bangalore – 560049. The development will span an approximate built-up area of 30,36,458 square feet, making it one of the sizable residential construction assignments in the region. The total contract value stands at ₹311.18 crore, reflecting the scale and complexity of the project.
As per the details disclosed, the order is a domestic item-rate construction contract with an execution timeline of 37 months.
The scope includes comprehensive construction works for the residential project, aligning with the growing demand for large integrated housing developments in Bengaluru’s eastern corridor. Importantly, the awarding entity has confirmed that there is no promoter or promoter-group interest involved, and the transaction does not fall under related-party transactions, ensuring transparency and arm’s-length execution.
