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Puravankara arm wins ₹144 crore Bengaluru housing project; work to be completed in 28 monthsWholly owned subsidiary of Puravankara Limited wins civil and allied works contract for Nature’s Nest project with execution timeline of 28 months.By Navneet Singh  April 29, 2026, 9:28:05 PM IST (Published)2 Min ReadStarworth Infrastructure & Construction Limited (SICL), a wholly owned subsidiary of Puravankara Limited, has received a Letter of Intent for executing civil, structural, waterproofing, finishes and allied works for a residential project named Nature’s Nest in Bengaluru.

The project, located at Chinnagenahalli, Doddabanahalli in Karnataka, has been awarded by NPS Developers. The approximate contract value stands at ₹144.45 crore (excluding GST and labour cess).

According to the disclosure, the work is scheduled to be completed over a period of 28 months.

Earlier on April 13, for the full financial year FY26, the real estate developer clocked record sales of ₹7,407 crore, up 55% YoY, marking its highest-ever annual performance.

Customer collections also remained strong, with Q4 collections rising 36% YoY to ₹1,213 crore, while FY26 collections increased 15% to ₹4,258 crore.

The company reported significant growth in volumes as well, with Q4 sales area more than doubling to 3.01 million sq ft, while FY26 sales area rose 28% to 7.25 million sq ft.

Average price realisations improved meaningfully, increasing 21% YoY to ₹10,213 per sq ft in FY26, reflecting better product mix and pricing power.

Shares of Puravankara Ltd ended at ₹217.00, up 0.57% or ₹1.24 for the day, on the NSE on April 29 at 3:30 pm IST.

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