Curation Team
NEW DELHI: KVN Properties LLP has entered into a strategic development management agreement (DMA) with Assetz Group to develop a residential project in North Bengaluru.
The partnership encompasses close to one million sq ft of development with an estimated gross development value (GDV) of ₹1,000 crore. The project is structured as a single-phase development over 3-4 years.
Under this strategic DMA model, KVN Properties will undertake the project’s development costs, including land procurement and all construction expenses. Assetz Group will serve as the development manager.
With this, the company’s cumulative tied-up residential development in FY26 stands at approximately 4.4 million sq ft. It aims to develop 10 million sq ft of residential real estate within the current fiscal year.
In May 2025, it had entered into a joint development with Puravankara Group for 3.4 million sq ft.
