KVN Property Holdings LLP and Puravankara Limited have announced a new housing project in North Bangalore. This joint project will come up on 24.59 acres of land and is expected to have a total value of over ₹3,300 crore. It will offer around 3.48 million square feet of homes, making it one of the biggest upcoming projects in the city.

The launch is planned within the next 6 to 9 months, and it aims to meet the growing demand for good-quality homes in the fast-developing northern part of Bengaluru.

What This Project Means

This project brings together two companies with different strengths:

• KVN Property Holdings is known for finding and preparing land in high-growth areas.
• Puravankara is one of India's trusted real estate developers with many completed housing projects.

Ashish Puravankara, the Managing Director of Puravankara, said that this project is in line with their goal to build better homes in promising parts of the city. Venkat K Narayana from KVN added that there is strong demand for mid-income homes in North Bengaluru, and Puravankara's experience will help turn this land into a successful housing community.

Why North Bengaluru?

North Bengaluru has become one of the most active real estate zones in the city. Here's why:

1. Great Location and Easy Travel

• The area is close to Kempegowda International Airport (KIA), which is important for people working in tech and business.
• The new Metro Blue Line (Phase 2B) is under construction and will connect this area to the rest of Bengaluru.
• Big roads like the Satellite Town Ring Road (STRR) and the Peripheral Ring Road (PRR) are being built, which will make travel faster and easier.
• There are many new schools, hospitals, and shops coming up in the area.

2. Job Opportunities Are Growing

• There are tech parks, IT offices, and aerospace zones being built near the airport.
• Because of this, many working professionals want to live nearby, which is increasing the demand for homes.

3. Housing Market Is Active

• Two-bedroom flats in this area now cost between ₹70 lakh and ₹1 crore.
• Three-bedroom flats go for around ₹1 crore to ₹1.25 crore.
• Property experts say prices in this area could go up 10–15% every year for the next few years.

What Makes This Joint Venture Special?

This partnership works well because both companies bring different things to the table:

• KVN provides clean and ready land.
• Puravankara brings building skills, brand name, and market knowledge.

This model also helps both companies share costs and reduce risks. Since KVN already has the land and Puravankara knows how to build and sell homes, the project can move forward faster and with more trust from buyers.

A Quick Look at Puravankara

• Puravankara has been building homes for over 40 years in cities like Bengaluru, Chennai, Mumbai, Hyderabad, and Pune.
• They have completed more than 85 projects and built over 50 million square feet of space.
• They have three main brands:
• Purva for premium homes.
• Provident Housing for mid-income homes.
• Purva Land for plotted layouts.
• In the last financial year, they sold ₹5,060 crore worth of homes, which shows strong buyer trust.

Bengaluru Real Estate in Mid-2025: A Bigger Picture

• Bengaluru had the highest share of home sales in India in Q1 2025, even though sales dropped slightly due to price increases.
• Homes priced above ₹1 crore made up 61% of all sales, with the ₹3–5 crore segment growing rapidly.
• Property prices have risen by about 13% compared to last year.
• Investors, including many NRIs, are actively buying here.
• The city is also trying to meet the national need for affordable housing, with a shortage of nearly 10 million homes across India's cities.

How Does This Compare with Birla Evara?

While this new project is set in North Bengaluru, similar things are happening in East Bengaluru, especially along Sarjapur Road. For example, Birla Evara, a modern apartment project in Kodathi, is also attracting attention for its:

• Easy access to the Metro Red Line and major tech parks.
• Smart home features and gated community security.
• Spacious homes and growing resale value.

Like the KVN–Puravankara project, Birla Evara is a sign that Bengaluru's suburbs are quickly becoming the city's new growth engines.

In Summary

The joint venture between KVN and Puravankara is one of the biggest upcoming housing projects in North Bengaluru. With its large scale, strong location, and trusted developers, this project is expected to draw interest from both homebuyers and investors.

At the same time, other parts of the city—like East Bengaluru—are also growing fast. Projects such as Birla Evara show that buyers today are looking for modern homes in well-connected areas outside the city center.