Peninsula Land Expands in Alibaug and Karjat with Strategic Land Acquisitions
Peninsula Land, an Ashok Piramal Group company, has acquired significant land parcels in Alibaug and Karjat, marking a strategic move in their plotted development business. The company recently set up a real estate development platform worth INR 765 crore.
Peninsula LandAlibaugKarjatPlotted DevelopmentReal EstateReal EstateJul 11, 2025
Rajeev Piramal, the Chief Executive Officer and Managing Director of Peninsula Land, commented on the acquisitions, stating, “This marks the first deployment of capital from our real estate platform and represents a focused commitment to growing our plotted development business.” The company had recently established an INR 765 crore real estate development platform through an equity partnership with investors, Alpha Alternatives and Delta Corp.
These strategic land acquisitions in Alibaug and Karjat are expected to bolster Peninsula Land's presence in the plotted development market. Alibaug, a popular coastal town in Maharashtra, is known for its scenic beauty and growing real estate market. Similarly, Karjat, located in the Raigad district, is gaining traction as a sought-after location for residential and commercial developments.
The move by Peninsula Land to invest in these regions underscores the company's strategic vision to capitalize on the burgeoning demand for plotted developments. The real estate market in these areas is witnessing a surge in interest from both investors and homebuyers, driven by factors such as improved connectivity, infrastructure development, and a shift towards suburban living.
Peninsula Land, with its strong track record and robust financial backing, is well-positioned to capitalize on these opportunities. The company's recent partnership with Alpha Alternatives and Delta Corp has provided the necessary capital to pursue ambitious projects and expand its footprint in key markets.
The acquisition of the 11-acre plot in Sogaon, Alibaug, and the 29-acre plot in Bhilawale, Karjat, is a testament to Peninsula Land's commitment to delivering high-quality plotted developments that meet the evolving needs of consumers. The company's focus on these regions aligns with its broader strategy to diversify its portfolio and explore new growth avenues.
In conclusion, Peninsula Land's strategic land acquisitions in Alibaug and Karjat represent a significant milestone in the company's journey to become a leading player in the plotted development market. With a strong financial foundation and a clear vision, Peninsula Land is poised to make a substantial impact in the real estate sector.
Frequently Asked Questions
What is Peninsula Land's recent significant move in the real estate market?
Peninsula Land has acquired two significant land parcels in Sogaon, Alibaug (11 acres) and Bhilawale, Karjat (approximately 29 acres).
Who is the CEO and MD of Peninsula Land?
Rajeev Piramal is the CEO and MD of Peninsula Land.
What is the value of the real estate development platform set up by Peninsula Land?
The real estate development platform set up by Peninsula Land is worth INR 765 crore.
Who are the investors in Peninsula Land's real estate development platform?
The investors in Peninsula Land's real estate development platform are Alpha Alternatives and Delta Corp.
Why are Alibaug and Karjat significant for Peninsula Land's expansion plans?
Alibaug and Karjat are significant for Peninsula Land's expansion plans due to their growing real estate markets, improved connectivity, and infrastructure development, making them attractive for residential and commercial developments.
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