Bengaluru, July 08, 2025: KVN Properties LLP, the institutionally backed real estate investment platform led by industry veteran Venkat K Narayana, has announced a strategic Development Management Agreement (DMA) with Assetz Group to develop a premium residential project in North Bengaluru. The milestone partnership encompasses close to 1 million square feet of development with an estimated Gross Development Value (GDV) of INR1,000 crore, marking a significant expansion of KVN’s residential portfolio.
This agreement elevates KVN’s cumulative tied-up residential development in FY 2025–26 to approximately 4.4 million square feet, following the company’s May 2025 announcement of a 3.4 million square feet joint development with Puravankara Group. The partnership with Assetz Group reinforces KVN’s ambitious target of developing 10 million square feet of residential real estate within the current fiscal year.
Under this strategic DMA model, KVN Properties will undertake the project’s development costs, including land procurement and all construction expenses. Assetz Group, renowned for its premium design-led development and deep micro-market expertise, will serve as the Development Manager, contributing its brand equity, market reputation, and execution capabilities.
“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.
KVN Properties is rapidly building a high-quality portfolio anchored in land aggregation, risk-managed development, and curated partnerships. The platform continues pursuing strategic opportunities in Bangalore while actively exploring expansion into Mumbai, Pune, Hyderabad, and Chennai.
KVN’s aggressive expansion occurs against the backdrop of a buoyant Bangalore residential market, which posted 14% year-on-year price growth in H1 2025, highest in India alongside NCR. Fueled by the city’s thriving tech and startup sectors, rising income levels, and infrastructure upgrades, demand for premium housing continues outpacing supply. North Bangalore is emerging as the most dynamic sub-market, supported by connectivity initiatives like the Peripheral Ring Road and proximity to Kempegowda International Airport. Buyer preferences are shifting toward well-amenitized, design-forward homes, trends that KVN and Assetz aim to capture in this landmark development.