Joint Venture27 Jan 2026, 08:32 pm
Peninsula Land Ltd Subsidiary Invests in Zenithvista Real Estate LLP for Mumbai Real Estate Project
AI Summary
Peninsula Land Ltd's wholly owned subsidiary, Peninsula Holdings and Investments Private Limited (PHIPL), has invested in M/s. Zenithvista Real Estate LLP (the LLP) for a residential redevelopment project in Mumbai. The LLP is a Real Estate Platform entity formed under a Joint Venture Agreement (JVA) between the Company, the Real Estate 2.0 Residential Opportunities Fund (a scheme of Alpha Alternatives Special Situations Fund), and Delta Corp Limited. PHIPL has committed an initial investment of INR 29,420 for a 29.42% stake in the LLP's fixed capital and has made further fund commitments as required for the project.
Key Highlights
- Peninsula Land Ltd's subsidiary PHIPL invests in M/s. Zenithvista Real Estate LLP for a Mumbai real estate project
- The LLP is a Real Estate Platform entity formed under a Joint Venture Agreement between Peninsula Land Ltd, Alpha Alternatives Special Situations Fund, and Delta Corp Limited
- PHIPL has committed an initial investment of INR 29,420 for a 29.42% stake in the LLP's fixed capital
- The LLP is expected to undertake a residential redevelopment project in Mumbai
- PHIPL has also made further fund commitments as required for the project