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, 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 sol..
50 per cent home buyers prefer larger homes
DLF Launches Luxury Project in Gurugram
DLF, India's leading real estate developer, has unveiled an ambitious luxury housing project in Gurugram, valued at ?2.5 billion. Located in Sectors 76 and 77, the DLF Privana project spans over 116 acres and includes high-rise apartments offering spectacular views of the Aravalli Range.
The latest phase, DLF Privana West, features 795 luxury apartments which sold out within three days of launch, generating around ?550 million. This follows the success of DLF Privana South, which sold 1,113 units for approximately ?720 million earlier in the year. These developments highlight the stron..
Migsun Group Plans Rs 5 Bn Investment in Greater Noida Projects
Migsun Group, a prominent real estate developer, has unveiled plans to invest Rs 500 crore in four new projects located in Greater Noida. This initiative is part of the company's strategic efforts to enhance its presence and contribute to the burgeoning real estate sector in the region.
The investment will be directed towards the development of residential and commercial properties, aimed at meeting the increasing demand for quality real estate in Greater Noida. These projects are expected to not only expand Migsun Group's portfolio but also generate employment opportunities and stimul..