Puravankara Arm Secures Rs 5.09 Bn Bengaluru Luxury Project LoA

16 Dec 2025 CW Team

The LoA has been awarded by One Bangalore Luxury Projects LLP and pertains to the execution of Varnam Phase 1 of the One Bangalore Luxury Project, located in Devanahalli in Bengaluru Rural District. The scope of work includes turnkey civil construction, finishing works, mechanical, electrical and plumbing (MEP) services, as well as external development activities. The project is scheduled to be executed over a period of 36 months.

The order adds to Puravankara’s growing project pipeline through its construction arm, strengthening operational visibility at a time when the company is balancing expansion with financial pressures. Starworth Infrastructure & Construction Ltd has been playing a key role in executing large and complex developments for the group, particularly in the premium and luxury residential segments.

The development comes against the backdrop of a mixed financial performance reported by Puravankara in the recent quarter. In Q2 FY26, the company posted a consolidated net loss of Rs 410.79 million, compared with a loss of Rs 160.78 million in the corresponding quarter of the previous year. Despite the widening loss, revenue from operations rose sharply by 29.9 per cent year-on-year to Rs 6.44 billion, reflecting strong project execution and sales momentum.

However, operating profitability came under pressure during the quarter. EBITDA declined 7.3 per cent to Rs 1.04 billion, while the EBITDA margin contracted to 16.2 per cent, down from 22.7 per cent in the same period last year. The new LoA is expected to provide execution-led revenue visibility over the medium term, supporting Puravankara’s construction and development strategy in Bengaluru’s evolving real estate market.

News source: CNBC TV18

Puravankara has announced that its wholly owned subsidiary, Starworth Infrastructure & Construction (SICL), has received a Letter of Acceptance (LoA) valued at Rs 5.09 billion for a large-scale luxury residential project in Bengaluru. The contract reinforces the group’s construction portfolio and underlines its continued presence in the city’s premium housing segment.The LoA has been awarded by One Bangalore Luxury Projects LLP and pertains to the execution of Varnam Phase 1 of the One Bangalore Luxury Project, located in Devanahalli in Bengaluru Rural District. The scope of work includes turnkey civil construction, finishing works, mechanical, electrical and plumbing (MEP) services, as well as external development activities. The project is scheduled to be executed over a period of 36 months.The order adds to Puravankara’s growing project pipeline through its construction arm, strengthening operational visibility at a time when the company is balancing expansion with financial pressures. Starworth Infrastructure & Construction Ltd has been playing a key role in executing large and complex developments for the group, particularly in the premium and luxury residential segments.The development comes against the backdrop of a mixed financial performance reported by Puravankara in the recent quarter. In Q2 FY26, the company posted a consolidated net loss of Rs 410.79 million, compared with a loss of Rs 160.78 million in the corresponding quarter of the previous year. Despite the widening loss, revenue from operations rose sharply by 29.9 per cent year-on-year to Rs 6.44 billion, reflecting strong project execution and sales momentum.However, operating profitability came under pressure during the quarter. EBITDA declined 7.3 per cent to Rs 1.04 billion, while the EBITDA margin contracted to 16.2 per cent, down from 22.7 per cent in the same period last year. The new LoA is expected to provide execution-led revenue visibility over the medium term, supporting Puravankara’s construction and development strategy in Bengaluru’s evolving real estate market.News source: CNBC TV18

Real Estate

13 Feb 2026

Reliance MET City Launches Metropolis Project In Haryana

Reliance MET City (RMC) has launched Metropolis, an integrated mixed-use project in Haryana that is expected to redefine the regional urban landscape. RMC said the development will combine residential, commercial and leisure components to meet rising demand for organised urban spaces. The project has been positioned to benefit from existing and planned transport links and municipal infrastructure, and aligns with regional plans for sustainable urbanisation. Company representatives framed the initiative as part of a broader expansion strategy in northern India. The Metropolis project will inco..

Infrastructure Energy

13 Feb 2026

Radiance Renewables Raises 100 Million Dollars for Expansion

Eversource-backed Radiance Renewables has secured 100 million dollars (100 mn dollars) in funding from Impact Fund Denmark and FMO to support its expansion. The investment will bolster the company's capital base and enable acceleration of project development and deployment. Radiance Renewables is positioning itself to scale its renewable energy portfolio and strengthen operational capabilities. The funding round reflects growing investor appetite for climate-focused infrastructure. Impact Fund Denmark and FMO are established impact investors that channel capital into sustainable energy projec..

Infrastructure Energy

13 Feb 2026

Temasek-led Consortium in Talks for Rs 15 bn Pre-IPO Round

A Temasek-led consortium is in advanced talks to invest Rs 15 billion (Rs 15 bn) in Clean Max Enviro Energy in a pre-initial public offering funding round, according to people familiar with the matter. The prospective financing is intended to provide capital for operational expansion and to strengthen the company's balance sheet ahead of a planned public listing. The discussions reflect continued investor appetite for renewable energy platforms in the region. Clean Max Enviro Energy is a renewable energy developer that provides sustainable power solutions to commercial and industrial customer..