MoneyWorks4Me

Puravankara’s arm gets LoI worth Rs 175 crore

21 Aug 2026 Evaluate

Puravankara’s Wholly Owned Subsidiary--Starworth Infrastructure & Construction (SICL) has received a Letter of Intent (LoI) from Red Connect for execution of civil and structural works for construction of Ritz Carlton Project at MRC Nagar, Chennai for the contract value of Rs 175 crore excluding GST. The said order is to be executed in 32 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 1139.80
Prestige EstatesProj 1460.85
Dilip Buildcon 398.40
DLF 664.40
Oberoi Realty 1747.60
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