KVN Properties, Assetz Group Partner for ₹1,000 Crore Residential Project in North Bengaluru

KVN Properties, a real estate investment platform led by former Prestige Group CEO Venkat K Narayana, has announced a strategic partnership with Assetz Group to develop a premium residential project in North Bengaluru. The two firms have signed a Development Management Agreement (DMA) for the project, which will span approximately 1 million square feet and carry a projected Gross Development Value (GDV) of ₹1,000 crore.

This latest announcement marks KVN’s second major collaboration in FY 2025–26. The company had earlier entered into a joint development arrangement with Puravankara Group in May 2025 for a 3.4 million square feet residential development. With the new tie-up with Assetz Group, KVN's total tied-up residential portfolio for the current financial year has reached 4.4 million square feet.

The firm said that the project in North Bengaluru will be developed as a single-phase initiative over the course of three to four years, following necessary regulatory approvals including RERA registration. The site spans 5.6 acres and is located in one of the city's most rapidly developing residential corridors.

According to KVN, the new development is aligned with its broader goal of building a 10 million square feet residential portfolio within the current fiscal year. The firm emphasized that the project is part of a high-conviction investment strategy, entirely funded by KVN Properties. The focus will be on delivering complete residential ecosystems that combine sound financial planning, customer-centric design, and project-specific branding.

The Development Management Agreement outlines a detailed project framework, including specifications for unit types, floor areas, and amenities. The design and layout are being tailored to cater to evolving consumer expectations in the mid to upper-mid income housing segments. KVN is positioning the development as a flagship project that will reflect both partners’ shared values of quality, planning efficiency, and community-centric urban living.

Commenting on the strategic direction, KVN Properties said its approach is to not merely aggregate land but to create integrated residential communities that stand out through intelligent design, robust financial discipline, and partnership-based execution. The company noted that its pipeline reflects a disciplined commitment to entering only high-growth locations with credible local or national partners.

For Assetz Group, the agreement adds to its already significant presence in Bengaluru's residential market. Sunil Pareek, Executive Director at Assetz Group, said the project offers an opportunity to co-develop a differentiated residential offering in one of the city's fastest-growing corridors. The firm emphasized that North Bengaluru has a discerning buyer base and strong infrastructure tailwinds, making it an ideal location for community-focused apartment developments.

The North Bengaluru micro-market has attracted several institutional and domestic developers in recent years due to ongoing infrastructure upgrades, including the expansion of the Kempegowda International Airport, metro connectivity improvements, and the growing prominence of the Aerospace Park and Technology clusters. These factors have led to sustained end-user demand and increasing interest from investors in the area.

The project is expected to leverage these locational advantages while adhering to environmental and design norms that are increasingly important to buyers in Bengaluru’s competitive housing market. Both KVN and Assetz plan to ensure that the product mix addresses a blend of compact 2BHKs, spacious 3BHKs, and larger family-centric units, catering to IT professionals, business owners, and upwardly mobile urban families.

KVN Properties is currently focused on expanding its Bengaluru portfolio while evaluating future opportunities in other Tier-1 cities including Mumbai, Pune, Hyderabad, and Chennai. Its approach aligns with the growing trend among real estate platforms to balance regional depth with measured pan-India expansion.

The backdrop of this expansion is a buoyant Bengaluru residential market that continues to outperform most other Indian cities. According to recent data, Bengaluru recorded a 14% year-on-year growth in residential prices during H1 2025, matching the performance of the Delhi NCR region. Demand has been particularly strong in peripheral and emerging corridors, including North Bengaluru, where a combination of affordability, infrastructure, and employment hubs have accelerated absorption.

The KVN–Assetz tie-up highlights a broader trend of institutional developers forming strategic development partnerships to manage risk, accelerate scalability, and maintain product quality. These partnerships are expected to remain a dominant theme as land acquisition and development timelines become increasingly complex in India’s regulated real estate environment.