Home / News / KVN Properties, Assetz Group Launch Rs 1000 Crore Residential Project in North Bengaluru

KVN Properties, Assetz Group Launch Rs 1000 Crore Residential Project in North Bengaluru

KVN Properties, Assetz Group Launch Rs 1000 Crore Residential Project in North Bengaluru

To stay updated on real estate news and new launch alerts, join our WhatsApp Channel today.

Bengaluru — KVN Properties LLP, a real estate investment platform led by former Prestige Group CEO Venkat K. Narayana, has entered into a strategic Development Management Agreement (DMA) with Assetz Group for a premium residential project in North Bengaluru. The development will span approximately 1 million square feet and is expected to generate a gross development value (GDV) of ₹1,000 crore.

Project Highlights

  • Scale & Timeline: The project will be completed in a single phase over the next 3–4 years, subject to obtaining all necessary regulatory approvals and RERA registration.
  • Financial Structure: Under the DMA, KVN Properties will fund land acquisition and construction with an estimated investment of ₹500 crore. Assetz Group will manage the project’s execution, design, and development.
  • Strategic Growth: With this agreement, KVN’s total residential development commitments for FY 2025–26 have reached 4.4 million square feet. This follows a previous partnership with Puravankara for a 3.4 million square foot project worth ₹3,300 crore. KVN aims to scale up to 10 million square feet of development within the fiscal year.

Leadership Insight

Venkat K. Narayana, Promoter of KVN Properties LLP, said:
“Our DMA with Assetz is a strong statement of our capital strength and commitment to delivering high‑quality urban communities. As we scale to 10 million square feet this fiscal, our goal remains clear — to create exceptional living spaces in high‑growth corridors with the right partners and a disciplined investment approach.”

Sunil Pareek, Executive Director at Assetz Pvt Ltd, stated:
“North Bengaluru is a high‑growth corridor with a discerning buyer base. This partnership allows us to co‑create a landmark project that reflects KVN’s commitment to community‑focused development and our passion for design‑driven living.”

He added that this project is likely the first in a broader series of collaborations between Assetz and KVN across Bengaluru.

Market Context & Outlook

  • Growth Corridor: North Bengaluru has witnessed a 14% year-on-year increase in residential property prices in the first half of 2025. The surge is attributed to rapid infrastructure development, job creation in the tech sector, and enhanced connectivity.
  • Land Aggregation Model: KVN’s strategy focuses on institutional funding, land acquisition, and partnerships with established developers. The company is also exploring expansion opportunities in other major metros, including Mumbai, Pune, Hyderabad, and Chennai.

Also read, Sobha Ltd Posts Record Q1 Sales Bookings of Rs 2079 Crore Amid Strong Housing Demand

More

Latest News

July 17, 2025

Bengaluru Waives Occupancy Certificate Requirement for Small Residential Buildings

July 17, 2025

Kalpataru Projects International Secures Rs 2293 Crore Orders Across Key Sectors

July 17, 2025

Prestige Group Shifts Focus to Rs 2–3 Crore Homes Amid Surge in Salaried Buyer Demand

New Property Launches

June 30, 2025

Brigade Lakecrest – Apartments in Old Madras Road

June 28, 2025

Prestige Pallavaram Gardens | Pallavaram-Thuraipakkam Rd, Chennai

June 26, 2025

BARCA at Godrej MSR City – Luxury Township in North Bangalore

Download Brochure

FILL IN YOUR DETAILS TO DOWNLOAD BROCHURE

Get Priority Access to Project Details & Offers!

Be Among the First – Know More Before Public Launch!