Starworth Infrastructure & Construction Limited (SICL) has received a major domestic construction contract for the “Sattva AANGANE” residential project, with a total contract value of approximately ₹311.18 crore. The Letter of Intent for the project has been issued by M/s. Sattva Resi Private Limited.
Project Overview
The contract covers the construction of a large-scale residential development with a built-up area of around 30.36 lakh square feet, located in East Taluk, Bengaluru. The project highlights the scale and complexity of modern urban residential developments in the city.
Contract Structure and Timeline
The agreement has been awarded on an item rate basis, under which the final contract value will depend on the actual quantities of work executed across various construction activities. The project is scheduled to be completed over a period of 37 months, providing steady execution visibility over the next three years.
Corporate and Compliance Details
SICL is a wholly owned subsidiary of Puravankara Limited, strengthening the group’s presence in large residential construction projects. The company has also confirmed that the promoter or promoter group has no interest in the awarding entity, and the transaction does not fall under related party transactions, ensuring full regulatory compliance and transparency.