KVN Properties, Assetz Group to Build 1M Sq Ft Project in Bengaluru

Representative image created by AI
Representative image created by AI

NEW DELHI: KVN Properties LLP has formed a strategic development management agreement (DMA) with Assetz Group to launch a residential project in North Bengaluru.

The collaboration will facilitate nearly one million sq ft of development, with an anticipated gross development value (GDV) of ₹1,000 crore. The project is planned as a single-phase initiative projected to span 3-4 years.

Through this strategic DMA model, KVN Properties will cover all project-related costs, including land acquisition and construction expenses. Meanwhile, Assetz Group will assume the role of development manager.

This agreement brings the company’s total residential development commitments for FY26 to approximately 4.4 million sq ft, with plans to develop 10 million sq ft of residential real estate within the current fiscal year.

In May 2025, KVN Properties entered into a joint development with the Puravankara Group for 3.4 million sq ft.

  • Published On Jul 8, 2025 at 02:00 PM IST

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