Puravankara subsidiary bags ₹212 crore order for SBR Global Queen's Ville residential project

Realty firm Puravankara Ltd on Friday (October 24) said its wholly-owned unlisted subsidiary, Starworth Infrastructure & Construction Ltd, has received a Letter of Award (LOA) from SBR Builders for the construction of core & shell with finishes works for the proposed residential project, "SBR Global Queen’s Ville."

The order, valued at ₹211.53 crore, is a domestic residential building project. The execution timeline will be as specified in the Letter of Award. Puravankara clarified that neither the promoter nor the promoter group nor the group companies have any interest in SBR Builders, and the order does not qualify as a related party transaction.







Last week, Puravankara said it plans to launch around 15 million square feet of projects over the next 12 to 15 months, said Managing Director Ashish Puravankara. The company expects to achieve about 65% of this target by March 2026.

Also Read: Puravankara net loss widens to ₹88 cr in Q4 as revenue falls 41%; FY25 pre-sales cross ₹5,000 crore

“In terms of the new launches that we've planned, it’s about 15 million square feet over the next 12 to 15 months,” Puravankara said. “About 65% of that we should be able to achieve by March itself.” He added that the company expects healthy contributions from these new projects, given its record of selling 70-80% of launched phases within the first two quarters.

For the second quarter of the financial year 2025-26 (Q2 FY26), the company achieved ₹1,322 crore in pre-sales, translating to 1.5 million square feet - about 4% higher year-on-year. Customer collections stood at ₹1,047 crore. For the half-year, Puravankara recorded pre-sales of ₹2,445 crore and customer collections of ₹1,906 crore.

"All these pre-sales have come from ongoing sustenance projects. We still have to see the benefit from our new launches slated for quarter three and quarter four,” he said.

Shares of Puravankara Ltd ended at ₹281.00, up by ₹0.65, or 0.23%, on the BSE.



Also Read: Puravankara Q2 Update: Shares gain on pre-sales, collections, and average selling price growth