Premium land destinations in Alibaug and Karjat to offer secure, lifestyle-focused living backed by a trusted corporate brand
Mumbai, July 10, 2025: With a legacy of over two decades in delivering several landmark projects, Peninsula Land Limited, part of the Ashok Piramal Group, is now charting a new phase of growth, anchored by a strong commitment to plotted developments. The company has recently acquired two prime land parcels in Sogaon, Alibaug (11 acres) and Bhilawale, Karjat (~29 acres), marking a significant expansion of its footprint in high-potential micro-markets fuelled by increased connectivity and thereby a surge in demand for buying land within a short drive time from Mumbai.
The company had recently set up an INR 765 crore Real Estate development platform through an equity partnership with investors, Alpha Alternatives and Delta Corp, a milestone that signalled renewed investor confidence and a robust, future-ready pipeline.
Rajeev Piramal, Chief Executive Officer and Managing Director of Peninsula Land Limited, said: “This marks the first deployment of capital from our real estate platform and represents a focused commitment to growing our plotted development business. These projects reflect our belief in land as a timeless asset class. 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 heating up nationally, this is not uncharted territory for Peninsula Land. The company launched AshokVann in Pune in 2023, offering 321 plots, followed by AshokVistas in 2025, which featured 125 plots and received an overwhelming response—with nearly all inventory sold out on Day 1. These successes underscore the strong demand for quality plotted developments from trusted corporate developers. In addition to Pune, Peninsula Land has its plotted land portfolio across Nashik, Goa, and Lonavala, reinforcing its commitment to developing high-potential land destinations that align with lifestyle aspirations and future growth corridors.
The upcoming projects in Alibaug and Karjat are poised to offer buyers more than just land. Designed as premium plotted communities, they will feature modern infrastructure, curated amenities, and a secure living environment—elements rarely seen in standalone land transactions. These plots are targeted toward investors, second-home buyers, and urban families seeking a long-term lifestyle upgrade or a luxury getaway.
What sets these projects apart is the backing of a corporate developer, which brings the advantages of trust, transparency, and clear title—critical considerations for land buyers in a market often plagued by uncertainty. Peninsula Land’s institutional approach ensures rigorous due diligence, legal clarity, and structured delivery—offering peace of mind that standalone or informal land transactions often lack.
This vision aligns well with the ongoing infrastructure transformation in key regions. The Mumbai Trans Harbour Link (Atal Setu), upcoming Navi Mumbai International Airport, enhanced railway access, and a host of infrastructure projects are rapidly transforming Alibaug and Karjat into high-growth micro-markets. As accessibility improves, these regions are becoming increasingly attractive for Mumbai-based buyers, NRIs, and outstation investors looking for early-mover opportunities and capital appreciation.
With festive season launches in the pipeline, Peninsula Land is gearing up for a defining new chapter—rooted in legacy but shaped by forward-thinking vision. Its plotted development vertical is poised to be a core pillar of growth, bringing together the timeless value of land ownership with the trust, scale, and reliability of a corporate brand.
Corporate Comm India (CCI Newswire)