KVN Properties LLP, the institutionally backed real estate investment platform led by industry veteran Venkat K Narayana, has entered into a strategic Development Management Agreement (DMA) with Assetz Group to develop a premium residential project in North Bengaluru. The partnership encompasses close to 1 million square feet of residential development with an estimated Gross Development Value (GDV) of Rs1,000 crore, marking a significant expansion of KVN’s residential portfolio.
This recent agreement further 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, with an estimated GDV of Rs 3,300 crore.
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. “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 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,” said Venkat K Narayana, Promoter, KVN Property LLP.
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.
“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,” said said Sunil Pareek, Executive Director, Assetz Pvt Ltd. “We see strong long-term alignment, 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,” he said.
Live Events
The project is structured as a single-phase development over 3-4 years, commencing post-approval of all development permissions including RERA registration. 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.
