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 Energy

09 Jan 2026

Rajesh Power Secures 65 MW BESS Project in Gujarat

Rajesh Power Services has recently secured a 65 MW / 130 MWh standalone Battery Energy Storage System (BESS) project in Gujarat, marking its entry into utility-scale energy storage. The company received a Letter of Intent from Gujarat Urja Vikas Nigam for the project, which will be developed at Virpore under a tariff-based competitive bidding mechanism supported by Viability Gap Funding through the Power System Development Fund.The project is expected to be executed within 18 months from the signing of the Battery Energy Storage Purchase Agreement. With the ability to supply 65 MW of power for..

ONGC Forms JV with MOL for Ethane Shipping Operations

Oil and Natural Gas Corporation (Oil and Natural Gas Corporation) has recently entered the ethane shipping segment through joint venture agreements with M/s Mitsui O.S.K. Lines Ltd (Mitsui O.S.K. Lines), Japan. The agreements involve equity participation in two joint venture entities—Bharat Ethane One IFSC Private Limited and Bharat Ethane Two IFSC Private Limited—registered at GIFT City, Gandhinagar.Under the arrangement, ONGC will subscribe to 2,00,000 equity shares of Rs 100 each in both entities, resulting in a 50 per cent equity holding in each joint venture, with the remaining stake ..

Waaree Energy Storage Raises Rs 10.03 Billio for 20 GWh Plant

Waaree Energy Storage Solutions Private, a subsidiary of Waaree Energies, has recently completed a strategic fund raise of around Rs 10.03 billion from a group of strategic investors, including family offices, high-net-worth individuals and institutional backers. The funding strengthens the company’s position in India’s rapidly expanding energy storage ecosystem.The capital raise forms part of an announced capital expenditure programme of nearly Rs 100 billion for setting up a 20 GWh advanced lithium-ion cell and battery pack manufacturing facility. The plant will manufacture high-performa..