Peninsula Land expands footprint with new land acquisitions

Peninsula Land Limited, a part of the Ashok Piramal Group, has announced the acquisition of two prime land parcels, totaling 40 acres in Sogaon, Alibaug (11 acres) and Bhilawale, Karjat (29 acres), for premium plotted developments. These acquisitions mark a significant expansion of Peninsula Land's footprint in high-potential micro-markets near Mumbai. This move is part of a wider initiative backed by an INR 765 crore Real Estate development platform formed through an equity partnership with investors including Alpha Alternatives and Delta Corp. Peninsula Land has already committed INR 216 crs toward these RE Platform projects. The company aims to leverage the increased connectivity and growing demand for land ownership to create premium plotted communities featuring modern infrastructure and curated amenities.