Real estate veteran and former Prestige Group CEO Venkat K. Narayana has launched KVN Properties, an institutionally-backed land aggregation platform targeting metro cities in India, the company said on Wednesday.
KVN Properties will focus on aggregating prime land parcels across residential and other asset classes, aiming to make 10 million sq ft available for development by FY26. The company will collaborate with leading developers through joint development agreements (JDA) or joint ventures (JV) to build a market-leading residential portfolio.
“Land aggregation remains a major hurdle for Indian real estate, from title risks to regulatory challenges. KVN Properties will focus on transforming fragmented parcels into development-ready assets,” Narayana said in a statement.
Narayana, a qualified Chartered Accountant and former CEO of Prestige Group, brings over two decades of industry experience, where he led strategic expansion and business transformation initiatives. During his tenure, Prestige Group emerged as one of India’s top real estate developers.
The move comes amid a resilient housing market. Residential sales across India’s eight major cities rose 2% year-on-year (YoY) in the January-March quarter to 88,274 units, according to Knight Frank. Pune and Chennai recorded strong growth at 20% and 10% YoY, respectively, while Mumbai’s sales rose 5%. However, Delhi-NCR saw an 8% decline in sales.
New supply outpaced demand for the tenth straight quarter, with 96,309 units launched in Q1 2025, up 3% YoY. Bengaluru led new launches with a 26% YoY increase.
KVN Properties will initially focus on residential projects but aims to build an integrated platform addressing land aggregation challenges across asset classes.
