Peninsula Land Limited, part of the Ashok Piramal Group, is charting a new phase of growth with a strategic focus on plotted developments. The company has acquired two premium land parcels—11 acres in Sogaon, Alibaug and approximately 29 acres in Bhilawale, Karjat—marking a significant expansion into high-potential micro-markets driven by improved connectivity and rising demand for lifestyle-led land ownership near Mumbai.
This move follows the establishment of a Rs765 crore real estate development platform in partnership with Alpha Alternatives and Delta Corp, signaling renewed investor confidence and a robust pipeline. “This marks the first deployment of capital from our real estate platform and represents a focused commitment to growing our plotted development business,” said Rajeev Piramal, CEO and MD of Peninsula Land. “Our objective is to simplify land ownership by removing traditional barriers—whether it is ambiguous titles, counter-party risk, or poor infrastructure.”
While the plotted development space is gaining traction nationally, Peninsula Land brings deep experience to the segment. Its earlier launches—AshokVann in Pune (2023) and AshokVistas (2025)—received overwhelming response, with near-total sellouts on Day 1. The company’s portfolio also spans Nashik, Goa, and Lonavala, reinforcing its commitment to developing high-potential destinations aligned with lifestyle aspirations and future growth corridors.
The upcoming projects in Alibaug and Karjat will offer more than just land—they’re envisioned as premium plotted communities with modern infrastructure, curated amenities, and secure living environments. Targeted at investors, second-home buyers, and urban families seeking long-term lifestyle upgrades, these developments promise a blend of luxury and reliability.
What sets them apart is the backing of a corporate developer. Peninsula Land’s institutional approach ensures clear titles, legal due diligence, and structured delivery—offering peace of mind that informal land transactions often lack.
This vision aligns with the ongoing infrastructure transformation in the region. The Mumbai Trans Harbour Link (Atal Setu), Navi Mumbai International Airport, enhanced railway access, and other connectivity upgrades are rapidly turning Alibaug and Karjat into high-growth micro-markets. As accessibility improves, these areas are attracting Mumbai-based buyers, NRIs, and outstation investors looking for early-mover opportunities and long-term capital appreciation.
With festive season launches in the pipeline, Peninsula Land is poised for a defining new chapter—rooted in legacy, but shaped by a forward-thinking vision. Its plotted development vertical is set to become a core growth pillar, combining the timeless value of land ownership with the trust and scale of a corporate brand.
