Peninsula Land, Delta Corp, AA Group Launch Rs. 7.65 Bn Realty Platform
Real Estate

Peninsula Land, Delta Corp, AA Group Launch Rs. 7.65 Bn Realty Platform

Peninsula Land Limited, Delta Corp, and the AA Group have joined forces to establish a real estate platform with an investment of Rs. 7.65 billion. This collaborative venture signifies a strategic move aimed at leveraging the strengths and expertise of each partner to capitalise on growth opportunities in the real estate sector.

The newly formed realty platform will focus on developing residential, commercial, and mixed-use projects across India. With a combined investment of Rs. 765 crore, the partners aim to capitalise on emerging market trends and deliver value-driven real estate solutions to customers.

Peninsula Land, known for its premium residential and commercial developments, brings its extensive experience and track record of delivering quality projects to the partnership. Delta Corp, a leading real estate and hospitality company, adds its expertise in developing innovative and sustainable properties to the mix.

The AA Group, with its diverse portfolio of businesses including real estate, infrastructure, and hospitality, further strengthens the partnership with its strategic insights and operational capabilities. Together, the three partners aim to create a robust real estate platform that delivers superior value to stakeholders.

The launch of this realty platform underscores the partners' shared commitment to driving innovation, sustainability, and customer-centricity in the real estate sector. By pooling their resources and expertise, Peninsula Land, Delta Corp, and the AA Group aim to establish a leading presence in India's dynamic real estate market and contribute to its growth and development.

Peninsula Land Limited, Delta Corp, and the AA Group have joined forces to establish a real estate platform with an investment of Rs. 7.65 billion. This collaborative venture signifies a strategic move aimed at leveraging the strengths and expertise of each partner to capitalise on growth opportunities in the real estate sector. The newly formed realty platform will focus on developing residential, commercial, and mixed-use projects across India. With a combined investment of Rs. 765 crore, the partners aim to capitalise on emerging market trends and deliver value-driven real estate solutions to customers. Peninsula Land, known for its premium residential and commercial developments, brings its extensive experience and track record of delivering quality projects to the partnership. Delta Corp, a leading real estate and hospitality company, adds its expertise in developing innovative and sustainable properties to the mix. The AA Group, with its diverse portfolio of businesses including real estate, infrastructure, and hospitality, further strengthens the partnership with its strategic insights and operational capabilities. Together, the three partners aim to create a robust real estate platform that delivers superior value to stakeholders. The launch of this realty platform underscores the partners' shared commitment to driving innovation, sustainability, and customer-centricity in the real estate sector. By pooling their resources and expertise, Peninsula Land, Delta Corp, and the AA Group aim to establish a leading presence in India's dynamic real estate market and contribute to its growth and development.

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Real Estate

Peninsula Land, Delta Corp & AA Group start Rs 7.65 bn realty platform

Ashok Piramal Group's Peninsula Land, Delta Corp and Alpha Alternatives Fund Advisors (AA Group) are forming a real estate development platform with a joint investment of Rs 7.65 billion. This collaboration signifies a new chapter for these companies in the property market.

The newly formed entity will focus on two key areas: residential redevelopment within the Mumbai Metropolitan Region (MMR) and plotted development in areas surrounding Mumbai, including Alibaug, Khopoli, Karjat, and Pune.

AA Group will contribute the majority share, investing up to Rs 4.5 billion through its a..

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Real Estate

Peninsula Land sets up Rs 765 cr real estate platform

Peninsula Land (an Ashok Piramal Group company), a prominent real estate developer listed on the NSE and BSE, announced raising Rs 150 cr via optionally convertible debentures (convertible into equity shares of PLL). The investment is being made by Arsenio Strategies, which is an affiliate of the Alpha Alternative Holdings Private (AAHPL), a reputed multi-asset class asset management firm.

The company has additionally announced the setting up a real estate platform with Alpha Alternatives and Delta Corp. The platform will be the parties? exclusive vehicle to undertake residential re-dev..

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Real Estate

50 per cent home buyers prefer larger homes

The ‘bigger is better’ mantra continues to drive the Indian housing market. The FICCI-ANAROCK Consumer Sentiment Survey (H2 2023) found that the highest homebuyer demand is now for 3BHKs, particularly in Bengaluru, Chennai, Hyderabad and Delhi-NCR, with at least 50 per cent respondents choosing it. 38 per cent respondents favour 2BHKs. In hyper-pricey MMR, 44 per cent of respondents preferred 2BHKs. The demand for 1BHK units is being primarily evident in Western markets of MMR (17 per cent) and Pune (10 per cent). No less than 75 per cent property seekers now want balconies and over 7..

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Real Estate

Brookfield India REIT to Acquire Bharti's Stake in Realty JV

Brookfield India Real Estate Trust (BIRET) is set to acquire nearly 50% stake in a real estate joint venture with Bharti Enterprises. This joint venture, Rostrum Realty Private Limited, includes properties across Delhi-NCR. The transaction is valued at approximately ?6,000 crores. Last year, Brookfield Asset Management already acquired a similar stake in four Bharti commercial properties.

With this acquisition, Brookfield?s REIT in India and Brookfield Asset Management will collectively control Rostrum Realty. This move is part of Brookfield's strategy to expand its real estate portfoli..

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Real Estate

DLF Ventures into Mumbai, Goa with Luxury Homes This Year

DLF, India's leading real estate developer, is set to enter the luxury housing markets of Mumbai and Goa by the end of this financial year. The company plans to introduce high-end residential projects, marking its first significant ventures in these regions.

In Mumbai, DLF will launch a premium condominium project in Andheri, featuring luxury apartments priced between ?6 crore and ?8 crore. This development signifies DLF's re-entry into Mumbai's real estate market after a long hiatus. The project aims to cater to the burgeoning demand for luxury homes in India's financial capital.

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