KVN Property Holdings LLP, a newly established, institutionally backed real estate platform founded by seasoned industry leader Venkat K. Narayana, has entered a landmark joint venture with the Puravankara Group. The collaboration aims to develop a 24.59-acre land parcel in North Bengaluru, with a projected Gross Development Value (GDV) of over ₹3,300 crore. This makes it one of the most notable residential development transactions in the region in recent times.
The strategically located parcel offers a potential saleable area of approximately 3.48 million sq. ft. It lies in one of Bengaluru’s most dynamic micro-markets, with proximity to Kempegowda International Airport and key infrastructure corridors. The project is slated for launch within the next six months, supported by strong housing demand and excellent connectivity to major employment hubs.
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.”
With a target of unlocking and monetising prime urban land, KVN is targeting a pipeline of over 10 million sq. ft. of potential development by FY26. The platform is structured to drive large-scale developments through joint ventures and joint development agreements with leading developers across India, initially focusing on residential assets and gradually expanding into other asset classes.
The strategically located parcel offers a potential saleable area of approximately 3.48 million sq. ft. It lies in one of Bengaluru’s most dynamic micro-markets, with proximity to Kempegowda International Airport and key infrastructure corridors. The project is slated for launch within the next six months, supported by strong housing demand and excellent connectivity to major employment hubs.
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.”
With a target of unlocking and monetising prime urban land, KVN is targeting a pipeline of over 10 million sq. ft. of potential development by FY26. The platform is structured to drive large-scale developments through joint ventures and joint development agreements with leading developers across India, initially focusing on residential assets and gradually expanding into other asset classes.
You may also like
'Second line of defence': Pakistan's defence minister Khawaja Asif hints at deploying madrasa students in case of war
Man 'wees jelly' and wears nappies at 27 because of habit that 'ruined' 7st body
Blue Peter legend caught sunbathing topless in awkward nude blunder
Shivangi Verma clears the air on her link-up rumors with Govind Namdev
Government orders 24x7 control and command centre to monitor health infra amid India-Pak conflict
