Puravankara Arm Wins Rs 175 Cr Deal; Home First Finance Raises Rs 150 Cr

Puravankara’s wholly-owned subsidiary, Starworth Infrastructure & Construction (SICL), has secured a Letter of Intent (LoI) valued at Rs 175 crore for a Chennai project. Concurrently, Home First Finance Company received approval to raise Rs 150 crore through the issuance of Non-Convertible Debentures (NCDs).

SICL Bags Ritz Carlton Project in Chennai

Starworth Infrastructure & Construction (SICL) received the Letter of Intent from Red Connect. This significant order is for the execution of civil and structural works for the Ritz Carlton Project located at MRC Nagar, Chennai.

• Contract Value: Rs 175 crore (excluding GST)
• Execution Period: 32 months

Puravankara operates as a prominent real estate company across India. Its extensive presence spans key cities including Bengaluru, Kochi, Chennai, Coimbatore, Mangaluru, Hyderabad, Mysore, Mumbai, and Pune.

Home First Finance Approves Capital Raise

Home First Finance Company obtained approval to raise capital via Non-Convertible Debentures. This decision was granted by its Committee of Directors and Review Committee.

• Capital to be Raised: Rs 150 crore
• Approval Date: August 21

These financial and operational developments highlight active movements within India’s real estate and financial sectors. Both companies are strategically positioning for growth in their respective domains.