KVN, Puravankara to Develop Rs 33 Billion Housing Project in Bengaluru

21 May 2025 CW Team

KVN Property Holdings Limited Liability Partnership has partnered with Puravankara Limited to jointly develop a large-scale residential project in North Bengaluru with a projected gross development value of over Rs 33 billion.

The project will be developed on a 24.59-acre land parcel and is expected to offer a saleable area of around 3.48 million square feet. It is slated for launch within the next six months.

KVN Property was founded by Venkat K Narayana, former Chief Executive Officer of Prestige Group. The joint venture aims to leverage KVN鈥檚 strength in land aggregation and Puravankara鈥檚 expertise in development, marketing, and delivery.

The partnership addresses key challenges in land acquisition by focusing on clean, development-ready parcels that reduce project risks and shorten timelines.

As of December thirty-one, twenty twenty-four, Puravankara has delivered over eighty-five projects totalling approximately fifty-one million square feet across nine cities.

The company holds a land bank of thirty million square feet, with ongoing developments covering over thirty-three million square feet.

This collaboration underscores both firms' confidence in the strong demand for mid-income residential housing in North Bengaluru.

Source:Press Trust of India

Infrastructure Transport

17 Jun 2025

Railways Clears 223 Bridges to Improve Bihar Travel Time

In a major infrastructure upgrade for Bihar, the Ministry of Railways has approved the construction of 223 Road Over Bridges (ROBs) across the state to replace existing railway level crossings. The initiative forms part of an ambitious plan to ensure that residents can travel to the state capital, Patna, from any district within three and a half hours.The decision follows sustained proposals by the Bihar government and was confirmed during a high-level meeting between Mihir Kumar Singh, Additional Chief Secretary of the Road Construction Department, and senior officials from the Railway Board,..

Infrastructure Energy

17 Jun 2025

Sembcorp Wins 50 MW RTC Green Power Project from SECI

Sembcorp Industries has secured a 50 MW round-the-clock (RTC) renewable energy project from the Solar Energy Corporation of India (SECI), further expanding its clean energy footprint in India.To fulfil the contract, Sembcorp will integrate around 300 MW of installed capacity, combining solar, wind, and battery energy storage systems (BESS) to ensure reliable RTC power delivery. The company stated that the project would be developed under a build-own-operate model and is expected to be operational within 24 months of signing the power purchase agreement (PPA).This win was part of SECI鈥檚 1.2 G..

Infrastructure Energy

17 Jun 2025

Crompton Wins Rs 1 Billion Solar Pump Order from MEDA

Crompton Greaves Consumer Electricals has secured a Rs 1 billion order from the Maharashtra Energy Development Agency (MEDA) for the design, manufacture, and installation of 4,500 off-grid solar photovoltaic water pumping systems across Maharashtra.The order, awarded under Component B of the PM-KUSUM scheme launched by the Ministry of New and Renewable Energy, represents Crompton鈥檚 largest-ever solar pumping systems contract in the solar-water management segment.The project scope includes the supply, installation, testing, commissioning, and five-year maintenance of the solar pumps at variou..