Peninsula Land
Delta Corp is India’s largest and only listed company in the gaming and casino segment. It is under the lens of income tax authorities on Tuesday for alleged tax evasion. Peninsula Land Limited, the real estate arm of the Ashok Piramal Group is also under the scanner. Around 25 residential and official premises, in Mumbai [...] Continue Reading »
The biggest parcels of land in Mumbai are believed to collect the highest bid of Rs 1,155 crore. It is rumor that the Oberoi Realty may be the highest bidder. A source of Tata Housing says that they are still in the race. The bidder has not been finalized yet and the process is still [...] Continue Reading »
The financial capital of India is still witnessing property transactions under astronomical price tag despite the fact that the country is struggling with high property prices. Lately, there have been reports of the iconic Bhabha bungalow on sale, which can prove to be the costliest affair in the market with the buyers. The property, located [...] Continue Reading »
The National Centre for Performing Arts (NCPA) which is the organization started by JRD Tata and Jamshed Bhabha has put the prestigious Bhabha bungalow in south Mumbai on the block. A property consultant says that at a fixed cost of Rs 257 crore, the property with area of 17,143 sq ft and a minimum floor space index [...] Continue Reading »
The real estate fund of Aditya Birla group is thinking of buying 50 percent of stake in a project in Pune which belongs to Ashok Piramal-led realty developer Peninsula Land. The 30 acre township project in Pune is worth more than Rs 230 crore and some parts of it will be sold at around Rs [...] Continue Reading »
Gangapur Road, which was once known to attract many small and large scale real estate developers is now lying dull due to high property rates. It is one of the developing areas in Nashik and has been witnessing low sales in properties for quiet some time. In the past one year, the locality has seen [...] Continue Reading »
With so much happening in real estate, some developers look for an opportunity to make it big in the market. Due to heavy debts, many developers are selling off their pet projects. The rich developers grab this opportunity by getting a good deal out of it. Developers like Sunteck Realty, Ajay Piramal Group, Peninsula Land, [...] Continue Reading »
Brookfield Asset Management, a Canadian firm has teamed up with Peninsula Land, a branch of Ashok Piramal Group and planning to invest Rs 500 crore fund in real estate sector. It is a joint effort and the fund will initiate from April 2012. The fund will also have an over allotment option of Rs 150 [...] Continue Reading »
Hats off to real estate companies in India! Midst falling share prices and challenging business environment, real estate promoters still hold three percent of share in realty market. Shareholding has witnessed a continuous raise from 67.66 per cent to 70.16 per cent since march. This data was collected by entities like; Nitesh Estates, Peninsula Land, [...] Continue Reading »
