KVN, Puravankara to Develop Rs 33 Billion Housing Project in Bengaluru

21 May 2025 CW Team

KVN Property Holdings Limited Liability Partnership has partnered with Puravankara Limited to jointly develop a large-scale residential project in North Bengaluru with a projected gross development value of over Rs 33 billion.

The project will be developed on a 24.59-acre land parcel and is expected to offer a saleable area of around 3.48 million square feet. It is slated for launch within the next six months.

KVN Property was founded by Venkat K Narayana, former Chief Executive Officer of Prestige Group. The joint venture aims to leverage KVN’s strength in land aggregation and Puravankara’s expertise in development, marketing, and delivery.

The partnership addresses key challenges in land acquisition by focusing on clean, development-ready parcels that reduce project risks and shorten timelines.

As of December thirty-one, twenty twenty-four, Puravankara has delivered over eighty-five projects totalling approximately fifty-one million square feet across nine cities.

The company holds a land bank of thirty million square feet, with ongoing developments covering over thirty-three million square feet.

This collaboration underscores both firms' confidence in the strong demand for mid-income residential housing in North Bengaluru.

Source:Press Trust of India

Infrastructure Transport

01 Sep 2025

Indian Railways Marks New Milestone with 4.5 km Long ‘Rudrastra’ Trial

Indian Railways has successfully conducted the trial run of Asia’s longest freight train, named ‘Rudrastra’, achieving a new milestone in cargo transportation, as per news reports. The 4.5 km-long train began its trial from Ganjkhwaja railway station in Chandauli, Uttar Pradesh, and travelled to Garhwa in Jharkhand. Covering a distance of 209 km in 5 hours and 10 minutes, it maintained an average speed of 40.5 km per hour. The train was formed by combining three long-haul racks, with ..

UltraTech Launches India’s First On-Site Hybrid RTC Renewable Energy Project

UltraTech Cement has operationalised a 7.5 MW round-the-clock (RTC) hybrid renewable energy project at its Sewagram Cement Works in Gujarat. The first-of-its-kind solution combines bifacial solar modules with trackers, wind energy and battery storage, co-located on-site, to ensure uninterrupted power for cement manufacturing without grid reliance. The project was executed in collaboration with clean energy solutions provider Gentari. Installed as a behind-the-meter system, it is the country..

Patna Metro Trials Successful, Red Line Priority Corridor to Launch This Month

Patna is set to roll out its first metro rail service later this month, with successful trial runs conducted on the Red Line priority corridor, the Patna Metro Rail Corporation announced.On 7 September, a metro train completed a test run between the Patna depot and Bhootnath station. Officials said the trials involved rigorous checks of rolling stock fitness, overhead electrification (OHE), and track alignment and stability to ensure operational safety and performance.The corridor from the New Pataliputra Bus Terminal to Bhoothnath has been designated as the priority stretch and will be the fi..