Peninsula Land, Delta Corp, and AA Group Launch Rs.765 Crore Real Estate Platform

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Ashok Piramal Group’s Peninsula Land, Delta Corp, and Alpha Alternatives Fund Advisors LLP (AA Group) are establishing a Rs 765 crore real estate development platform. This joint venture will focus on residential redevelopment in the Mumbai Metropolitan Region and plotted developments in areas around Mumbai, Alibaug, Khopoli, Karjat, and Pune. AA Group will invest Rs 450 crore, Peninsula Land Rs 225 crore, and Delta Corp Rs 90 crore. Peninsula Land will manage development services, while Delta Corp brings real estate expertise.

Note: The above-mentioned news was first published by us in our ProjectX India | 15th June 2024 edition.. Do you want to buy this issue or our latest issue? If yes! click here

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