Adventz & Keventer Form Strategic JV to Redefine Real Estate in Calcutta and New Delhi
- Sky Homes
- Jul 14
- 2 min read
In a major development poised to reshape the real estate landscape of Eastern and Northern India, Adventz Group, led by industrialist Saroj Poddar, has joined hands with the Keventer Group, spearheaded by the Jalan family, to launch a new real estate venture — Adventz Keventer Realty Private Limited.
This joint venture marks the convergence of two legacy business houses with deep-rooted interests in diverse sectors, including agriculture, infrastructure, lifestyle, and real estate. Their unified vision: to build a professionally managed, corporatised real estate powerhouse capable of standing shoulder-to-shoulder with India’s top national developers.
A New Chapter in Indian Real Estate
With a development pipeline of nearly 9 million sq. ft. spanning residential, retail, and hospitality, Adventz Keventer Realty is setting its sights on transforming the Calcutta market—a region historically dominated by fragmented and family-owned players.
"We’re taking a long-term approach with patient capital and disciplined execution, with the goal of setting new benchmarks in Calcutta’s real estate," said Saroj Poddar, Chairman of Adventz Group.
The company aims to replicate this model in strategic growth markets like New Delhi, leveraging its corporate governance, design-driven projects, and institutional capital structure to stand out.
Flagship Projects in the Pipeline
Calcutta:
Rajarhat High-Rise Development: A 2 million sq. ft. residential project will be the JV's debut launch.
South Calcutta Luxury Residences: A premium offering aimed at high-net-worth individuals.
Batanagar Opportunity: The JV has emerged as the highest bidder for a 50-acre land parcel through an NCLT-led insolvency process involving Riverbank Developers Pvt. Ltd.
Upcoming Land Acquisitions:
55 acres in Rajarhat for a future township.
Prime plot on EM Bypass for a hotel and retail project.
New Delhi:
Lutyens’ Delhi: An ultra-luxury, low-rise development featuring just 10 boutique apartments.
Periphery of Heritage Zone: A modern high-rise residential tower totaling 700,000 sq. ft., planned for 2026.
Scalable Growth Backed by Institutional Capital
Understanding that ambitious growth requires more than just vision, the JV is working on institutionalising its capital structure through a two-pronged funding strategy:
Category II Alternative Investment Fund (AIF): To pool capital from investors and scale projects across regions.
Strategic Tie-Up with Kotak Real Estate Fund: Currently in advanced discussions, Kotak may invest ₹750–800 crore into the venture. The investment could take the form of project-based co-investments, allowing Adventz Keventer to pursue larger, more competitive developments.
Setting New Benchmarks in Indian Real Estate
Adventz Keventer Realty is not merely a new name in the market — it’s a statement of intent. By combining the land banks, experience, and financial acumen of two of India’s trusted business groups, the JV aims to usher in a new era of high-quality, design-forward, and institutionally backed real estate.
With a sharp focus on Calcutta and Delhi, and plans to expand across other strategic metros, this collaboration signals a bold leap forward — not just for the groups involved, but for the Indian real estate sector as a whole.
Follow our blog for more updates on luxury real estate, investment opportunities, and transformative projects shaping the future of India’s urban landscape
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