Starworth Infrastructure & Construction (SICL), a wholly owned subsidiary of Puravankara, has received a Letter of Intent for construction of the proposed residential project Sattva AANGANE having approximate built-up area of 30,36,458 Sq. ft. at East Taluk, Bangalore - 560049. The approximate contract value is Rs 311.18 crore. Powered by Capital Market - Live News

Puravankara has acquired a 53.5-acre land parcel in Anekal Taluk, Bengaluru, further strengthening its presence in one of the city`s emerging residential growth corridors. The acquisition is aligned with the company`s strategy to expand across Bengaluru micro-markets, supported by improved infrastructure, strong connectivity, and sustained end-user demand. Commenting on the development, Ashish Puravankara, Managing Director, Puravankara Limited, said, �This acquisition is part of our ongoing efforts to systematically add quality developable land to our launch pipeline across strategic micro-markets. This reflects our disciplined approach to growth with a long-term view for the organisation, and also confidence in the fundamentals of these markets to create large, sustainable communities.� The newly acquired land parcel at Attibele Hobli is strategically located and has a saleable area of 6.4 msft, with a potential gross development value of over Rs 4,800 crore. Powered by Capital Market - Live News

Puravankara has provided a Corporate Guarantee to Starworth Infrastructure & Construction, wholly owned subsidiary of the Company, for enhancement of credit facilities of Rs. 50 crore in favour of Axis Bank. Powered by Capital Market - Live News

Puravankara has allotted 750 unlisted, unrated, senior, secured, redeemable, non-convertible debentures of face value of Rs 10,00,000 each, aggregating up to Rs 75 crore as second tranche, by way of a private placement basis on 20 November 2025.Powered by Capital Market - Live News

Puravankara announced the signing of an Agreement to Lease (ATL) with IKEA India for leasing of two floors of retail space at the Purva Zentech Park, located on Kanakapura Road, Bengaluru. Purva Zentech Park is a mixed-use commercial development with approximately 9.6 lakh square feet of leasable and saleable area. Typical floor plates are approximately 50,000 square feet, with modular units ranging from 4,500 to 5,000 square feet available for lease or sale. Strategically located within a five-minute walk from both the Konankunte Metro Station and Forum Mall, the project is a sustainable, Indian Green Building Council (IGBC) Gold development, designed to accommodate large-format tenants as well as mid-sized occupiers. The development is currently under construction and is slated for completion by early 2026. IKEA will occupy the first and second floors of the development, which are designated for retail use. The space is expected to be handed over next year in Q1 of calendar year 2026, with operations scheduled to commence thereafter. Colliers` office services team was the advisor on this transaction. Powered by Capital Market - Live News