Bengaluru has 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, fuelled by infrastructure investments and increased commercial activity.
The joint venture between the Puravankara Group and KVN Property Holdings LLP, a newly established, institutionally backed real estate platform by Venkat K. Narayana comes at a time of significant momentum in the market.
The collaboration aims to develop a 24.59-acre land parcel in North Bengaluru, with a projected Gross Development Value (GDV) of over Rs 3,300 crore. This makes it one of the most notable residential development transactions in the region in recent times.
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.”
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.
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.
