Starworth Infrastructure Analyzed: New Project Secured

Starworth Infrastructure & Construction (SICL), which is part of the larger Puravankara company, has made a significant move. They’ve been given a formal agreement to build a new residential development called “Sattva AANGANE.” This project will cover around 30,36,458 square feet in Bangalore.

Key Points

• SICL secured Letter of Intent for Sattva AANGANE project.
• Project area is 30,36,458 sq ft in Bangalore.
• Contract value is approximately Rs 311.18 crore.
• Puravankara is the parent company of SICL.
• Construction is planned in East Taluk, Bangalore.
• This marks a key step in SICL’s growth strategy.

Project Details

The “Sattva AANGANE” project is planned in the East Taluk area of Bangalore, specifically at the postcode 560049. The total construction area is estimated to be 30,36,458 square feet. This means a lot of building work is coming!

Financial Information

The agreement involves a contract worth roughly Rs 311.18 crore. This figure reflects the expected cost of building this large residential area. It demonstrates the value that SICL brings to Puravankara’s operations.

Company Context

It’s important to remember that SICL is completely owned by Puravankara. This relationship provides SICL with strong backing and resources for undertaking large infrastructure and construction projects like Sattva AANGANE.

This project represents a strategic investment for Puravankara’s expansion into residential development.