KVN Property & Puravankara Join Forces for ₹3,300 Cr Project in Bengaluru
KVN Property Holdings LLP, a newly launched institutional real estate platform led by industry veteran Venkat K. Narayana, has entered into a joint venture with the Puravankara Group to develop a 24.59-acre land parcel in North Bengaluru. The project has a projected Gross Development Value (GDV) exceeding ₹3,300 crore, marking one of the region's largest residential development deals in recent times.
The site offers a potential saleable area of around 3.48 million sq. ft. and is strategically located near Kempegowda International Airport and key infrastructure corridors. With robust housing demand and excellent connectivity to major employment hubs, the project is expected to be launched within the next six months.
Ashish Puravankara, Managing Director, Puravankara Limited, commented, “This joint venture highlights our sustained confidence in the North Bengaluru market, where we have already demonstrated strong traction. The scale, location, and partnership model of this project position it as an ideal platform for integrated development that resonates with the aspirations of urban homebuyers. It aligns with our broader vision of creating high-quality, community-focused housing across emerging corridors.”
This partnership aligns seamlessly with KVN Properties’ long-term vision of building a pan-India platform focused on land aggregation and development.
Venkat K Narayana, Promoter, KVN Properties, stated, “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 Purva’s development expertise along with their marketing and delivery capabilities would bring life to this land”.
KVN’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 minimize risks for its developer partners.
The joint venture comes at a time of significant momentum in the market. According to Knight Frank, Bengaluru recorded the highest year-on-year growth in new housing launches in Q1 2025 at 26%, reaffirming the city's strong appeal among homebuyers and investors. North Bengaluru, in particular, is emerging as a high-growth corridor, fueled by infrastructure investments and increased commercial activity.
KVN is also eyeing expansion into other major metropolitan areas such as Mumbai, Pune, Hyderabad, and Chennai, with a goal to establish a national footprint over the next two years.
This JV marks KVN Properties’ first major milestone in its journey to become a transformative player in India’s urban real estate landscape. Through strategic alliances with reputed developers like Puravankara, KVN aims to significantly scale its residential portfolio and unlock high-potential growth corridors.
Mallanna Sasalu, CEO, Provident Housing, added, “North Bengaluru continues to attract discerning homebuyers, driven by infrastructure upgrades and connectivity to key economic hubs. This project is conceived on the back of the successes of our previous projects, which validates this joint venture development in this micro-market. The project is expected to come to market in 6-9 months, and we are confident this project will be a great addition to our impressive portfolio.”
