KVN Properties partners with Assetz Group for Rs 1,000-Cr residential project in North Bengaluru

KVN Properties has entered into a development management agreement with Assetz Group to co-develop a premium residential project in North Bengaluru. Spanning nearly one million square feet, the upcoming development is estimated to be worth Rs 1,000 crore.

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This collaboration aligns with KVN Properties’ ambitious goal of delivering 10 million square feet of residential real estate in the 2025–26 financial year. The company recently announced a joint venture with the Puravankara Group to develop 3.4 million square feet, taking its total committed portfolio to 4.4 million square feet.

As per the agreement, KVN will oversee land acquisition and construction financing, while Assetz will manage design, execution, and strategic positioning in the market. The project, planned as a single-phase development, is expected to be completed within three to four years, following regulatory clearances including RERA registration.

KVN’s aggressive expansion strategy focuses on strengthening its presence in Bengaluru—one of India’s fastest-growing residential markets, with a 14% year-on-year price increase—while also eyeing growth in other major cities such as Mumbai, Pune, Hyderabad, and Chennai.

The partnership with Assetz Group, known for its expertise in community-centric residential development, signals a strategic push by KVN to deliver high-quality urban housing and leverage Bengaluru’s upward market momentum.