Peninsula Land, Delta Corp, AA Group Launch Rs. 7.65 Bn Realty Platform
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..
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..
50 per cent home buyers prefer larger homes
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..
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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