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.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..