Delta Corp Limited Announces Strategic Partnership for Real Estate Development

Delta Corp Limited's board of directors have approved a proposal for a strategic partnership with Alpha Alternatives Fund Advisors LLP, Peninsula Land Limited, and other parties to establish a real estate development platform. The platform aims to deploy up to INR 765 crore for residential re-development in the Mumbai Metropolitan Region and plotted development in nearby areas. Delta Corp, Alpha Alternatives, and Peninsula Land propose to contribute INR 450 crore, INR 225 crore, and INR 90 crore, respectively. The company also plans to shift its registered office from Pune to Mumbai.