Peninsula Land sets up Rs 765 cr real estate platform
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-development in the Mumbai Metropolitan Region and plotted development in and around the Mumbai Metropolitan Region, Alibaug, Khopoli, Karjat and Pune.

The platform is proposed to be funded with an aggregate amount of up to Rs 765 crore. Alpha Alternatives, Peninsula Land and Delta Corp propose to contribute up to an aggregate of Rs 450 crore (59%), Rs 225 crore (29%) and Rs 90 crore (12%) respectively. Peninsula Land will also be the exclusive development manager (DM) for all Platform Projects. Given that this platform is being undertaken in conjunction with Delta Corp Limited. We do not intend to proceed with the joint venture with Delta Corp Limited contemplated earlier.

Rajeev Piramal, Vice Chairman and Managing Director of Peninsula Land, commented on the announcement, stating This announcement marks a new chapter in our growth story and is in line with our strategic roadmap to establish a position of leadership in the asset classes we pursue. This new platform will leverage the combined expertise of all parties in project selection, funding and development to unlock the value that exists in real estate today, especially for companies that have a track record of project delivery and the necessary financial resources to execute them in a timely manner. Our experience of delivering a wide range of projects in residential real estate and plotted developments coupled with the ability to sell inventory from affordable housing to ultra luxury apartments has led us to developing a good depth and breadth of capabilities which now along with a funding platform will enable us to create value for all our stakeholders.?

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

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-development in the Mumbai Metropolitan Region and plotted development in and around the Mumbai Metropolitan Region, Alibaug, Khopoli, Karjat and Pune. The platform is proposed to be funded with an aggregate amount of up to Rs 765 crore. Alpha Alternatives, Peninsula Land and Delta Corp propose to contribute up to an aggregate of Rs 450 crore (59%), Rs 225 crore (29%) and Rs 90 crore (12%) respectively. Peninsula Land will also be the exclusive development manager (DM) for all Platform Projects. Given that this platform is being undertaken in conjunction with Delta Corp Limited. We do not intend to proceed with the joint venture with Delta Corp Limited contemplated earlier. Rajeev Piramal, Vice Chairman and Managing Director of Peninsula Land, commented on the announcement, stating This announcement marks a new chapter in our growth story and is in line with our strategic roadmap to establish a position of leadership in the asset classes we pursue. This new platform will leverage the combined expertise of all parties in project selection, funding and development to unlock the value that exists in real estate today, especially for companies that have a track record of project delivery and the necessary financial resources to execute them in a timely manner. Our experience of delivering a wide range of projects in residential real estate and plotted developments coupled with the ability to sell inventory from affordable housing to ultra luxury apartments has led us to developing a good depth and breadth of capabilities which now along with a funding platform will enable us to create value for all our stakeholders.?

Next Story
Real Estate

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

Next Story
Infrastructure Transport

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Next Story
Infrastructure Transport

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?