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 Dire

See Full Page