Latest news with #KVNProperties
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Business Standard
08-07-2025
- Business
- Business Standard
KVN Properties, Assetz Group join hands for ₹1,000 crore Bengaluru project
KVN Properties, an institutionally backed 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 to develop a premium residential project in North Bengaluru. The collaboration will span approximately 1 million square feet, with an estimated Gross Development Value (GDV) of ₹1,000 crore, according to a statement. Further, KVN said the agreement boosts its total tied-up residential development for FY 2025–26 to approximately 4.4 million square feet, building on its May 2025 joint development announcement of 3.4 million square feet with Puravankara Group. The partnership with Assetz Group further strengthens KVN's strategic roadmap towards developing 10 million square feet of residential real estate within the current fiscal year. "This is a high-conviction investment backed entirely by KVN Properties where we are not only aggregating land but building a portfolio of end-to-end residential developments that combine intelligent planning, financial discipline, and customer-centricity. As we scale to 10 million square feet this fiscal, our goal remains clear: create exceptional living spaces in high-growth corridors with the right partners and a disciplined investment approach," said Venkat K Narayana, Promoter, KVN Properties. The Bengaluru-based KVN noted that the project is planned as a single-phase development spanning 3–4 years, commencing after securing all necessary approvals, including RERA registration. The Development Management Agreement outlines detailed specifications for unit types, sizes, and amenity planning, ensuring the final offering aligns with evolving buyer preferences while preserving brand identity and differentiation. "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. The 5.6-acre parcel in North Bengaluru aligns well with our strategy to deliver quality residential apartment development in high-growth markets backed by strong economic drivers," added Sunil Pareek, Executive Director, Assetz. KVN caters to Bengaluru while actively exploring expansion into Mumbai, Pune, Hyderabad, and Chennai. The company's expansion occurs against the backdrop of a buoyant Bengaluru residential market, which posted 14 per cent year-on-year price growth in H1 2025, the highest in India alongside NCR.
Time of India
08-07-2025
- Business
- Time of India
KVN Properties partners with Assetz Group for Rs 1,000 cr premium residential development in Bengaluru
Synopsis KVN Properties and Assetz Group are partnering for a residential project in North Bengaluru. The project will cover nearly 1 million square feet. The estimated value is Rs 1,000 crore. KVN aims to develop 10 million square feet of residential space this fiscal year. Assetz Group will manage the development. The project is expected to take 3-4 years after approvals.
The Print
08-05-2025
- Business
- The Print
Former Prestige Group CEO Venkat K Narayana forms own realty firm, to focus on land aggregation
'The company will work with leading property developers in the country to provide them with land parcels at prime locations, enabling them to monetize and own real estate assets, and aims to make 10 million sq ft of area available for development by 2025-26,' a company statement said on Wednesday. Narayana, who has more than two decades of experience in the property sector, announced the launch of his new venture KVN Properties, an institutionally backed real estate firm specializing in land aggregation across India. Bengaluru, May 7 (PTI) Realty firm Prestige Group's former CEO Venkat K Narayana has set up his own venture KVN Properties, which will focus on land aggregation and joint development with other real estate players. KVN Properties will focus on metro cities across real estate asset classes. 'Land acquisition as well as aggregation is a major bottleneck for the Indian real estate players across asset classes and sizes. The challenges span title risk, connectivity, non-contiguity, change of land use, conversion, approvals, stressed assets involving banks, ARC, and NCLT and other financial regulatory-related hurdles, often leading to uncertainty, delays and increased costs,' Narayana said. To address this challenge, he said the company would transform fragmented land parcels into cohesive, development-ready tracts, facilitating large-scale real estate projects across India, starting with residential. Narayana is a qualified Chartered Accountant, Cost & Management Accountant, Company Secretary and Law graduate. As the CEO of Prestige Group, he was instrumental in putting the organisation on a growth trajectory. He resigned from Prestige Group in May last year. PTI MJH HVA This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
