KVN, Assetz To Build Rs 10 Billion Project in Bengaluru

10 Jul 2025 CW Team

KVN Properties, led by Venkat K Narayana, has entered into a development management agreement (DMA) with Assetz Group to develop a premium residential project in North Bengaluru. The project will span nearly one million square feet and is valued at approximately Rs 10 billion.

The partnership forms part of KVN’s broader strategy to develop 10 million square feet of residential real estate in the financial year 2025–26. Earlier, the company announced a 3.4 million sq. ft. joint venture with the Puravankara Group, bringing its committed development portfolio to 4.4 million sq. ft.

Under the terms of this agreement, KVN will finance land acquisition and construction, while Assetz will act as Development Manager, providing its expertise in design, execution, and market positioning.

“This agreement with Assetz underscores our financial strength and dedication to building high-quality urban communities,” said Venkat K Narayana. Sunil Pareek of Assetz added that the project reflects both firms’ shared focus on community-driven development.

The single-phase development is expected to be completed within three to four years following approvals, including RERA registration. KVN is actively expanding across Bengaluru and exploring opportunities in Mumbai, Pune, Hyderabad, and Chennai—leveraging Bengaluru’s 14 per cent year-on-year growth in residential property prices.

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