Puravankara Share Price in Focus as its Subsidiary Secures Contract Worth ₹509.52 Crore

Puravankara Limited has strengthened its development pipeline with the awarding of a major construction mandate to its wholly owned subsidiary, Starworth Infrastructure & Construction Limited (SICL).  

The latest win marks a significant step forward for the One Bangalore Luxury Project (OBLP), with Phase 1 of the Varnam development now moving into execution. 

Contract Details and Scope of Work 

Under the newly issued Letter of Acceptance, SICL will undertake turnkey responsibilities covering civil works, finishes, mechanical, electrical and plumbing (MEP) systems, as well as external development for Varnam Phase 1. The project, valued at ₹509.52 crore, is structured as an item-rate contract. 

The contract has been awarded by One Bangalore Luxury Projects LLP, with no promoter or promoter-group interest reported. Execution is scheduled over 36 months at the project site located in Akalehahalli–Mallenhalli Village, Kasaba Hobli, Devanahalli Taluk of Bengaluru Rural District. 

Project Significance and Development Outlook 

The Varnam Phase 1 package adds further momentum to the broader OBLP master plan, shaping a large-scale, premium residential ecosystem in one of Bengaluru’s rapidly expanding growth corridors. With SICL leading construction delivery, Puravankara continues to reinforce consistency in build quality and project management across its portfolio. 

The scope includes comprehensive development of both structural and experiential elements, ensuring the project advances as a fully integrated build from foundation to final external landscaping. 

Read More: Larsen & Toubro Board Greenlights Transfer of Real Estate Business to L&T Realty Properties! 

Puravanka Share Price Performance  

As of December 11, 2025, at 10:42 AM, Puravankara Ltd share price is trading at ₹243.80 per share, reflecting a decline of 0.61% from the previous closing price. Over the past month, the stock has declined by 4.07%. 

Conclusion 

The awarding of the ₹509.52 crore Varnam Phase 1 contract marks a key milestone for Puravankara and its construction arm, SICL. With a clear execution roadmap and strategic development priorities, the One Bangalore Luxury Project moves closer to its next stage of realisation. 

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