KVN Property Holdings Limited Liability Partnership has partnered with Puravankara Limited to jointly develop a large-scale residential project in North Bengaluru with a projected gross development value of over Rs 33 billion.
The project will be developed on a 24.59-acre land parcel and is expected to offer a saleable area of around 3.48 million square feet. It is slated for launch within the next six months.
KVN Property was founded by Venkat K Narayana, former Chief Executive Officer of Prestige Group. The joint venture aims to leverage KVN鈥檚 strength in land aggregation and Puravankara鈥檚 expertise in development, marketing, and delivery.
The partnership addresses key challenges in land acquisition by focusing on clean, development-ready parcels that reduce project risks and shorten timelines.
As of December thirty-one, twenty twenty-four, Puravankara has delivered over eighty-five projects totalling approximately fifty-one million square feet across nine cities.聽
The company holds a land bank of thirty million square feet, with ongoing developments covering over thirty-three million square feet.
This collaboration underscores both firms' confidence in the strong demand for mid-income residential housing in North Bengaluru.
Source:Press Trust of India
