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Peninsula Land Ltd has launched Peninsula Estates, Alibaug ONE, an 11-acre plotted residential development in Alibaug, Maharashtra. The gated project comprises 92 residential plots, with base plot sizes starting at 2,454 sq ft and introductory prices from INR 2.39 crore. Registered under the Real Estate (Regulation and Development) Act (RERA), the development is located within approximately 20 minutes of Mandwa Jetty and is positioned to cater to buyers seeking second homes and long-term residential investments. The project includes planned infrastructure, landscaped open spaces and lifestyle amenities, while the developer has highlighted clear land titles and master-planned development as key features.
Peninsula Land Ltd has launched Peninsula Estates, Alibaug ONE, an 11-acre plotted residential development in Alibaug, Maharashtra, expanding its presence in the premium plotted development segment. The project comprises 92 residential plots within a gated community and is targeted at buyers seeking second homes, primary residences and long-term land ownership opportunities.
According to the developer, the project offers base plot sizes starting from 2,454 sq ft, with introductory prices beginning at INR 2.39 crore. The development is registered under the Real Estate (Regulation and Development) Act, 2016, with RERA Registration No. PP1270002600860.
The project is located in Alibaug's Crescent corridor and is situated within approximately 20 minutes of Mandwa Jetty, providing connectivity to Mumbai. Peninsula Land stated that the location is expected to benefit from ongoing and proposed infrastructure projects across the region, although the company did not specify individual developments in its announcement.
The developer said the plotted community has been planned with organised internal infrastructure, landscaped open spaces and a range of lifestyle amenities intended to support residential use. Planned facilities include spaces for wellness, recreation, social interaction and leisure within the gated development.
Peninsula Land stated that the project has been developed with an emphasis on legal documentation and title verification. According to the company, all plots have clear and marketable titles, with ownership details reflected in the relevant land records.
Commenting on the launch, Executive Vice Chairman and Managing Director Rajeev Piramal said land continues to be viewed as a long-term asset class, particularly during periods of economic uncertainty. He added that the company sought to simplify the land acquisition process by offering a plotted development supported by legal clarity, planned infrastructure and organised project execution.
The company also cited a Colliers report which projects that land values in prime locations across Alibaug could increase over the next decade, attributing the outlook to infrastructure-led growth. However, no independent projection was provided by the developer.
Peninsula Estates has been designed with multiple plot configurations to cater to different buyer requirements. According to the company, the project is intended to provide a structured plotted development with integrated infrastructure rather than standalone land parcels.
Peninsula Land, part of the Ashok Piramal Group, has developed residential, commercial and mixed-use projects across India. Its completed portfolio includes developments such as Peninsula Business Park, Ashok Towers, Peninsula AshokVann and Ashok Gardens, while the company continues to expand its presence across residential asset classes in key urban markets.
Source - PTI
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