KVN Properties Partners with Assetz Group for ₹1,000 Cr Project in Bengaluru
KVN Properties LLP, an institutionally backed real estate investment platform led by industry veteran Venkat K Narayana, has signed a strategic Development Management Agreement (DMA) with Assetz Group to develop a premium residential project in North Bengaluru. The project spans nearly 1 million sq. ft. with an estimated Gross Development Value (GDV) of ₹1,000 crore, significantly expanding KVN’s residential portfolio.
This partnership boosts KVN’s total tied-up residential development for FY 2025–26 to approximately 4.4 million sq. ft., following a 3.4 million sq. ft. joint development deal with Puravankara Group in May 2025. KVN is targeting a total of 10 million sq. ft. of residential development in the current fiscal year.
Under the DMA model, KVN Properties will handle the entire project funding, including land acquisition and construction. Assetz Group, known for its premium design expertise and strong presence in micro-markets, will act as the Development Manager, bringing its brand strength, market insight, and execution excellence to the project.
"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 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," says Venkat K Narayana, Promoter, KVN Property LLP.
"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 between Assetz and KVN Property Holdings, 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 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.” says Sunil Pareek, Executive Director, Assetz Pvt Ltd.
The project is structured as a single-phase development over 3-4 years, commencing post-approval of all development permissions including RERA registration. Leveraging both partners' deep institutional knowledge of North Bengaluru's evolving real estate landscape, the residential configurations are being meticulously tailored to meet local demand trends. The DMA includes detailed guidelines on unit types, sizes, and amenity planning, ensuring the final product responds to buyer expectations while maintaining brand differentiation.
