MoneyWorks4Me

Puravankara’s arm bags LoI worth Rs 280.35 crore

17 Mar 2026 Evaluate

Puravankara’s wholly owned subsidiary -- M/s. Starworth Infrastructure & Construction (SICL) has secured a Letter of Intent (LoI) worth Rs 280.35 crore (excluding GST) from Vellore Institute of Technology. The LoI involves construction of Ruby Block (Academic Block) Phase - I at VIT, Vellore Campus, Vellore. The LoI is to be executed within 24 months.

Puravankara is a leading real estate company in India, with a presence in Bengaluru, Kochi, Chennai, Coimbatore, Mangaluru, Hyderabad, Mysore, Mumbai and Pune. Puravankara is a part of Puravankara Group.

Peers
Company Name CMP
Lodha Developers 1085.80
Prestige EstatesProj 1427.85
Dilip Buildcon 405.85
DLF 623.00
Oberoi Realty 1710.20
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