Peninsula Land Expands into Alibag and Karjat with Premium Plotted Projects
Peninsula Land, a leading real estate developer, has made significant strides in the Alibag and Karjat markets by acquiring 40 acres of land for premium plotted community projects. This strategic move positions the company to tap into the rising demand for luxury living spaces within easy reach of Mumbai.
The company has acquired 11 acres in Sogaon, Alibag, and 29 acres in Bhilawale, Karjat. These acquisitions are part of a broader expansion plan driven by improved connectivity and the increasing popularity of these regions as prime real estate destinations. Peninsula Land joins a growing list of top builders, including Lodha Group, Oberoi Realty, Hiranandani Communities, Mahindra Lifespaces, House of Abhinandan Lodha (HoABL), Zen Group, Emaar, Alyf, Brego Land, and Earth Builders, who have already marked their presence in the area.
These recent acquisitions in Sogaon, Alibag, and Bhilawale, Karjat mark a significant expansion of Peninsula Land's footprint in high-potential micro-markets. According to the company, increased connectivity is driving a wave of land investment just a few hours from Mumbai. The land purchases are the first deployment from Peninsula's recently launched ₹765 crore real estate platform—an equity partnership with Alpha Alternatives and Delta Corp.
Rajeev Piramal, CEO and managing director of Peninsula Land, commented, “This marks the first deployment of capital from our real estate platform and represents a focused commitment to growing our plotted development business. The upcoming projects in Alibag and Karjat will be positioned as premium plotted communities featuring modern infrastructure, curated amenities, and a secure living environment.”
The launch of these projects is likely to coincide with the festive season later this year. The target audience includes NRIs, domestic and outstation investors, second-home buyers, and urban families seeking long-term lifestyle upgrades or luxury holiday homes. This mirrors the profile tapped by other high-end projects in Alibag.
However, the scale and pace of development have sparked concerns among local residents and environmentalists. Architect Pinakin Patel has been spearheading a campaign against the unregulated expansion, warning that Alibag could lose its coastal charm to unchecked urbanisation. While improved road, rail, and sea connectivity has benefited locals, they fear that recent regulatory changes—permitting high-rises, townships, and luxury hotels—may transform Alibag into an unplanned concrete sprawl.
Despite these concerns, Peninsula Land remains committed to delivering high-quality, sustainable developments that enhance the quality of life for residents while preserving the natural beauty of the region. The company's focus on modern infrastructure and curated amenities aims to create a balanced and harmonious living environment that appeals to a wide range of buyers.
