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.

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.

Puravankara confirmed that neither its promoters nor the promoter group have any interest in the awarding entity, and therefore the order does not fall under related-party transactions.

The Bengaluru-headquartered real estate group continues to expand its development footprint across India through its residential brands—Puravankara, Provident Housing, and Purva Land—with a diverse portfolio spanning luxury, premium, and plotted development segments.

In its latest quarterly results, the company reported a consolidated net loss of Rs 417.9 million for Q2 FY26, compared with a loss of Rs 16.78 crore in the same period last year, while net sales rose 30 per cent year-on-year to Rs 6.442 billion.