KVN Properties Teams Up with Assetz Group for Rs 1,000 Crore Premium Residential Project in Bengaluru
KVN Properties LLP, an institutionally backed real estate investment platform led by industry veteran Venkat K Narayana, has forged a strategic Development Management Agreement (DMA) with Assetz Group. This partnership aims to develop a premium residential project in North Bengaluru, spanning close to 1 million square feet, with an estimated Gross Development Value (GDV) of Rs 1,000 crore. This endeavor signifies a notable expansion of KVN’s residential portfolio.
The recent agreement elevates KVN’s overall tied-up residential development in the fiscal year 2025-26 to approximately 4.4 million square feet. This follows the company’s earlier joint development announcement with Puravankara Group in May 2025, which encompassed 3.4 million square feet, with an estimated GDV of Rs 3,300 crore.
The partnership with Assetz Group further affirms KVN’s ambitious goal of developing 10 million square feet of residential real estate within the current fiscal year. Venkat K Narayana, Promoter of KVN Property LLP, remarked, “Our DMA with Assetz is a strong statement of our capital strength and commitment to delivering high-quality urban communities. 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 planning, financial discipline, and customer-centricity. As we scale to 10 million square feet this fiscal, our goal remains clear — creating exceptional living spaces in high-growth corridors with the right partners and a disciplined investment approach.”
Under this strategic DMA model, KVN Properties will handle the development costs of the project, including land procurement and all construction expenses. Assetz Group, known for its premium design-led development and deep micro-market expertise, will act as the Development Manager, contributing its brand equity, market reputation, and execution capabilities.
Sunil Pareek, Executive Director at Assetz Pvt Ltd, stated, “North Bangalore 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 DMA ensures both creativity and discipline, enabling agility without compromising quality. We see strong long-term alignment, given our shared institutional and professional approach to real estate. This marks the beginning of what we believe will be a successful, multi-project collaboration across Bengaluru.”
The project is structured as a single-phase development over 3-4 years, commencing after all development permissions are approved, including RERA registration. The DMA includes detailed guidelines on unit types, sizes, and amenity planning, ensuring that the final product meets buyer expectations while maintaining brand differentiation.
KVN Properties is rapidly building a high-quality portfolio anchored in land aggregation, risk-managed development, and curated partnerships. The platform continues to pursue strategic opportunities in Bangalore while exploring expansion into Mumbai, Pune, Hyderabad, and Chennai.
This aggressive expansion by KVN unfolds against the backdrop of a buoyant Bangalore residential market, which experienced a 14% year-on-year price growth in the first half of 2025—one of the highest in India alongside NCR. Driven by the city’s thriving tech and startup sectors, rising income levels, and infrastructure upgrades, the demand for premium housing continues to surpass supply.
