Delta Corp Joins Peninsula Land & AA Group in ₹765 Cr Venture

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Delta Corp, Peninsula Land, and AA Group form a ₹765 crore real estate platform. Delta contributes ₹90 crore, AA Group ₹450 crore, and Peninsula ₹225 crore. The focus is on residential redevelopment and plotted development in Mumbai and nearby areas.

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Delta Corp Limited partners with Peninsula Land and Alpha Alternatives Fund Advisors in a ₹765 crore real estate platform targeting Mumbai and surroundings. The joint entity will focus on residential redevelopment and plotted development in the Mumbai Metropolitan Region, Alibaug, Khopoli, Karjat, and Pune.

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Investment Breakdown

AA Group leads with ₹450 crore, Delta Corp contributes ₹90 crore, and Peninsula Land invests ₹225 crore into the project. Peninsula Land will provide development management services, leveraging Delta Corp's real estate expertise. Delta Corp commits to non-competing activities within the real estate sector as part of the collaboration.

Financial Arrangements

Delta Corp funds its contribution internally, remaining debt-free while concentrating on core gaming and hospitality businesses. The collaboration aims to unlock real estate value with a focus on project selection and timely execution.

Future Prospects & Commitments

The platform anticipates operating for up to 36 months, with Delta Corp emphasising a continued focus on its core businesses. Delta Corp also emphasises its commitment to remain debt-free, indicating a prudent financial approach amidst its real estate foray.


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