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In a significant move set to reshape India’s real estate landscape, industry veteran Venkat K Narayana, former CEO of Prestige Group, has launched his own institutionally backed venture-KVN Properties. With over two decades of experience steering one of the country’s top developers, Narayana now embarks on a mission to solve one of the sector’s most persistent challenges: land aggregation and joint development.
Narayana’s illustrious career is marked by transformative leadership and strategic foresight. As CEO of Prestige Group, he played a pivotal role in expanding the company’s footprint nationwide, overseeing the development of landmark projects and driving innovation across asset classes. His expertise as a Chartered Accountant, Cost & Management Accountant, Company Secretary, and Law graduate has enabled him to execute pioneering plans and deliver consistent growth.
With the launch of KVN Properties, Narayana aims to address the complex hurdles that have long plagued real estate developers in India. Land acquisition and aggregation often face obstacles such as title risks, connectivity issues, non-contiguous parcels, land use conversions, regulatory approvals, and distressed assets tied up with banks or under NCLT proceedings. These challenges frequently result in uncertainty, delays, and increased costs for developers.
Recognizing this, KVN Properties is positioned as an integrated land aggregation platform, working closely with leading property developers to provide access to prime land parcels in metro cities. The company’s goal is ambitious: to make 10 million sq. ft. of development-ready land available by 2025-26, enabling large-scale projects across residential and commercial segments.
“Having spent more than two decades heading a major real estate enterprise has given me an in-depth understanding of these challenges and how to address them,” Narayana explains. “With KVN Properties, it is my endeavour to play a pivotal role in transforming fragmented land parcels into cohesive, development-ready tracts, facilitating large-scale real estate projects across India, starting with residential.”
By focusing on aggregation, KVN Properties will help developers overcome the bottlenecks that have traditionally slowed down the sector, unlocking new opportunities for growth and innovation.
KVN Properties is institutionally backed, ensuring robust capital support and operational excellence. The company will collaborate with top development firms through joint ventures and joint development agreements, creating value for both landowners and developers. This approach is expected to catalyze the creation of a market-leading residential portfolio while also supporting commercial and mixed-use developments in India’s major urban centers.
Recent market data underscores the demand for such a platform. According to Knight Frank, primary sales in cities like Mumbai, Pune, and Chennai have seen significant year-on-year growth, with new launches outpacing demand for the tenth consecutive quarter. KVN Properties is poised to leverage these trends, ensuring that developers can access high-potential land parcels efficiently and transparently.
Beyond his professional achievements, Narayana is known for his commitment to social impact. Through the KVN Foundation, he has led initiatives like FeedMyCity, providing meals to thousands during the COVID-19 pandemic. His holistic approach to business and community welfare continues to define his leadership style as he embarks on this new journey.
With KVN Properties, Venkat K Narayana is set to transform the way land is aggregated and developed in India. By turning fragmented, underutilized parcels into cohesive, development-ready assets, the company aims to unlock immense value for the real estate sector and contribute to the creation of vibrant urban spaces across the country.
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