Starworth Infrastructure & Construction, a fully owned unit of real estate firm Puravankara, has landed a ₹211.53 crore contract from SBR Builders to build a high-end residential tower.
The job includes constructing the building’s core structure, outer walls, and all interior and exterior finishes for the ‘SBR Global Queen’s Ville’ project. Work will follow the schedule set in the official award letter.
Ashish Puravankara, Managing Director of Puravankara Ltd, stated, “This order underscores Starworth’s growing reputation as a preferred construction partner for marquee residential developments. It aligns with our strategy to expand the construction arm’s order book while leveraging in-house expertise to deliver superior quality and timely execution.”
Key Highlights:
The project covers everything from the foundation and steel frame to plumbing, electrical systems, and final touches. Starworth will use modern planning tools and eco-friendly methods to meet green building standards.
With this order, Starworth’s current projects now top ₹1,000 crore for the year—a sign that more developers want its services for mid- and luxury housing. The company has already built homes for well-known builders in Bengaluru, Chennai, and Pune.
SBR Builders is marketing Queen’s Ville as a premium lifestyle community for upscale buyers. The contract includes room for cost adjustments based on material prices.
Also Read: Sobha Realty Unveils 109-Storey Sobha SkyParks in Dubai
Puravankara’s share price rose 1.8% to ₹428.60 on the BSE after the news, with market experts calling the deal a boost for future earnings. Construction is expected to take 24 to 30 months, adding steady revenue to Starworth in 2027 and 2028.
We use cookies to ensure you get the best experience on our website. Read more...
Copyright © 2025 HomesIndiaMagazine. All Rights Reserved.
