KVN Property and Puravankara Collaborate on Rs 3,300 Crore North Bengaluru Housing Project
Realty firm KVN Property Holdings LLP, founded by Venkat K Narayana, partners with Puravankara Ltd to develop a housing project in North Bengaluru. The joint venture covers a 24.59-acre land parcel with a projected Gross Development Value of over Rs 3,300 crore. This market aims to meet the demand for mid-income residential housing.
In a strategic partnership aimed at transforming North Bengaluru's real estate landscape, KVN Property Holdings LLP has joined hands with Puravankara Ltd to co-develop a housing project that boasts a potential revenue of more than Rs 3,300 crore.
KVN Property, led by former Prestige Group CEO Venkat K Narayana, is set to leverage its expertise in land aggregation to address structural inefficiencies in the real estate sector.
Puravankara Ltd's Managing Director, Ashish Puravankara, expressed confidence in the project's success, citing strong market traction in the region.
(With inputs from agencies.)
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