Latest news with #VenkatKNarayana
Mint
23-07-2025
- Business
- Mint
Akash Alankar's Budbee is set to disrupt the AV and electronics market in India
Have you always dreamt of setting up a state-of-the-art home theatre, but put those plans aside because the AV equipment seemed prohibitively expensive? Did you make-do with what you thought were more pocket-friendly alternatives? What if, you could fulfil your dream and not have to skimp on getting the best gadgets for it? Well, a new marketplace that focuses on providing high-quality audio-visual and electronic products is the answer. Founded by Akash Alankar, is described as India's first premium certified AV and electronic marketplace; providing high-quality audio-visual and electronic products and catering to a niche market that values certified, premium goods. The platform, which launches officially on October 1, 2025, aims to offer a curated selection of premium AV and electronic products, leveraging the expertise of its partners in media, entertainment, and technology to ensure quality and market reach. Budbee's core offering includes certified pre-owned and new global AV products (home audio, soundbars, speakers), from brands such as Polk, Denon, Marantz, KEF, B&W, Arcam, among many others. The advantage of a Budbee buy is that the user gets never-before-used products at up to 50% lower prices, full warranty and verified authenticity, as the sales model connects the consumer directly with the brand, bypassing distributor-retailer chains. From young urban professionals who'd be willing to invest in entry-level products of ₹ 25,000 to ₹ 60,000 to audiophiles and lifestyle buyers with slightly bigger budgets extending to about ₹ 1.2 lakh and high-net individuals and home theatre owners willing to splurge a few lakhs, there's something for everyone at has also forged strategic tie-ups with laptop giants Acer, Dell, and Lenovo. It is projected to generate ₹ 100 crore in revenue and reach over 1 billion users in its first quarter, with an ambitious target to hit ₹ 500 crore in the next two years. An online marketplace with pan-India delivery facilities, Budbee aims to have physical stores across major cities of the country shortly. Akash's venture has been backed by Alankar Pandian of Invenio Origin, Venkat K Narayana of KVN Productions and Rishikesh SR, co-founder of the ride-hailing platform Rapido. Alankar brings expertise in media and sound technology to the venture. His involvement likely focuses on strategic partnerships, branding, and leveraging his network to enhance the platform's visibility and credibility. Alankar's more recent strategic alliances include those with Innovative Group, as well as with the founders of the South Indian International Film Awards (SIIMA) and Celebrity Cricket League (CCL). Venkat K Narayana's KVN Productions is a Bengaluru-based film production and distribution company known for its work in Kannada, Hindi, Telugu, Tamil, and Malayalam cinema, which has two of the most widely anticipated films – Rocking Star Yash's Toxic and Thalapathy Vijay's Jana Nayagan – in production under the banner. KVN's involvement in extends its portfolio beyond filmmaking into e-commerce, aligning with its mission to embrace innovative strategies and broaden market reach. The company's distribution expertise likely aids in logistics, marketing, and expanding presence across India. Rishikesh SR brings additional financial and strategic support to the venture, potentially contributing to its technological and logistical infrastructure. This Diwali, let open your eyes to a smarter shopping era, powered by collaborations with all major AV and laptop brands. Visit for pan-India fast delivery and join a revolution that's rewriting the rules of the Indian tech and AV market. Contact: info@ Website: Note to readers: This article is part of Mint's paid consumer connect Initiative. Mint assumes no editorial involvement or responsibility for errors, omissions, or content accuracy. Want to get your story featured as above? click here!
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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.
The Print
11-05-2025
- Business
- The Print
KVN Property, Puravankara to jointly develop Rs 3,300 cr worth housing project in Bengaluru
In a statement on Saturday, KVN Property has entered a joint venture with the Puravankara Group to develop a 24.59-acre land parcel in North Bengaluru. KVN Property has been founded by Venkat K Narayana, former CEO of Prestige Group. Bengaluru, May 10 (PTI) Realty firm KVN Property Holdings LLP has tied up with Puravankara Ltd to jointly develop a housing project in North Bengaluru with a total revenue potential of more than Rs 3,300 crore. The project has a projected Gross Development Value (GDV) of over Rs 3,300 crore. The project has a potential saleable area of about 3.48 million (34.8 lakh) sq ft. The project is slated for launch within the next six months. Ashish Puravankara, Managing Director, Puravankara Ltd, said, 'This joint venture highlights our sustained confidence in the North Bengaluru market, where we have already demonstrated strong traction.' KVN Properties Promoter Venkat K Narayana said, 'As an integrated land aggregation platform, our core strength lies in identifying and consolidating strategic land parcels across high-growth corridors. This JV, for our 24.59 acres of land with Purvankara in a high-growth corridor has huge demand for mid-income residential housing and we believe that Purvankara's development expertise along with their marketing and delivery capabilities would bring life to this land'. Narayana said his company's model is designed to address structural inefficiencies in India's real estate sector, particularly those related to land acquisition. 'By focusing on aggregating clean, contiguous, and development-ready parcels, KVN aims to accelerate project timelines and minimise risks for its developer partners,' he said. As of December 31, 2024, Puravankara has completed more than 85 projects measuring around 51 million sq ft across nine cities — Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa. The company's total land bank is around 30 million sq ft, and ongoing projects add up to 33.08 million sq ft. PTI MJH TRB This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
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.
