New Launch9 Jul 2025, 05:21 pm
Peninsula Land Charts Growth with new Key Land Acquisitions in Alibaug and Karjat
AI Summary
Peninsula Land Ltd, part of the Ashok Piramal Group, has acquired two prime land parcels in Sogaon, Alibaug (11 acres) and Bhilawale, Karjat (~29 acres) for a proposed premium plotted development project. This acquisition marks the second plotted development initiative under a Joint Venture Agreement (JVA) and is expected to contribute to the sustained growth of the Company. The projects are designed as premium plotted communities with modern infrastructure, curated amenities, and a secure living environment.
Key Highlights
- Peninsula Land Ltd has acquired 11 acres in Sogaon, Alibaug and ~29 acres in Bhilawale, Karjat for a proposed premium plotted development project.
- This is the second plotted development initiative under a Joint Venture Agreement (JVA) between the Company, Real Estate 2.0 Residential Opportunities Fund, and Delta Corp Limited.
- The projects are expected to contribute to the sustained growth of the Company.
- The projects are designed as premium plotted communities with modern infrastructure and curated amenities.
- This initiative aligns with the ongoing infrastructure transformation in key regions, making these regions increasingly attractive for Mumbai-based buyers, NRIs, and outstation investors.