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Peninsula Land Launches Rs 7.65 Billion Realty Platform, Acquires Land in Alibaug and Karjat


Updated: July 09, 2025 17:53

Image Source: Realty Plus Magazine
Peninsula Land Ltd, part of the Ashok Piramal Group, has unveiled a Rs 7.65 billion real estate development platform in collaboration with Delta Corp and Alpha Alternatives (AA Group), marking a strategic expansion into highgrowth regions.
 
Key Highlights:
  • The platform will focus on residential redevelopment in the Mumbai Metropolitan Region and plotted developments in Alibaug, Karjat, Khopoli, and Pune.
  • AA Group has committed Rs 450 crore, Peninsula Land Rs 225 crore, and Delta Corp Rs 90 crore towards the initiative.
  • Peninsula Land will serve as the exclusive development manager, leveraging its track record in premium housing and mixeduse projects.
Strategic Moves:
  • The company has acquired key land parcels in Alibaug and Karjat to kickstart plotted development under the new platform.
  • This venture replaces a previously proposed JV with Delta Corp, offering broader exposure and reduced financial concentration.
Sources: Economic Times, Construction World, ProjectX India, PropTechBuzz.

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