Peninsula Land, the real estate arm of the Ashok Piramal Group, recently announced the acquisition of 29 acres in Bhilawale—Karjat. This is the platform’s first deployment, signifying a decisive push into premium plotted land development aimed at Mumbai’s growing weekend home segment, funded in partnership with institutional investors Alpha Alternatives and Delta Corp.
Peninsula’s move into Karjat aligns with a broader strategic pivot: building a robust plotted development portfolio across Maharashtra micro markets. These early successes underscore Peninsula’s growing prowess in structured land sales, backed by trust in their brand and delivery capability. Karjat, a green hill station located ~80 km from Mumbai and ~120 km from Pune, is quickly emerging as a sought after plotted land destination. The town offers clean air, lush surroundings and an evolving lifestyle ecosystem. The appeal lies in the freedom to build bespoke homes amid nature, coupled with reasonable proximity to urban centers.
Peninsula’s Bhilawale plot benefits not only from natural charm but also from improving connectivity. The under?construction Panvel–Karjat suburban rail corridor, reducing commute times significantly. Complementary road infrastructure—including the Coastal Highway, Trans Harbour Link, and Navi Mumbai Airport—further enhances access, making Karjat an appealing retreat for city dwellers.
The plotted community Peninsula creates in Karjat will likely feature fully developed infrastructure—sealed roads, electricity, 24×7 water, security, landscaped public spaces, and lifestyle amenities such as clubhouses and wellness zones. Their institutional model emphasizes title clarity, due diligence, presale funding, and structured project execution—offering more reassurance than typical standalone land deals.
Karjat’s real estate dynamics reveal several tailwinds. It sits in a green zone region, limiting industrial development but preserving ecological quality—ideal for attribute driven projects—while restricting overdevelopment. Relative affordability compared to Mumbai and Navi Mumbai has made Karjat attractive to both second home seekers and retirees.
Beyond standalone plots, Peninsula’s Bhilawale project complements Mumbai residential-redevelopment opportunities elsewhere in the MMR. The developer plans parallel growth in plotted communities and urban redevelopment, leveraging capital raised through the JVA and convertible instruments. Challenges remain. While connectivity is improving, full suburban rail access won’t arrive until late 2025; power and water reliability still vary across rural?urban gradients. Amenities like hospitals, schools, and retail hubs are limited compared to major urban centers, although local infrastructure is enhancing rapidly. Buyers targeting permanent residence may need to assess long?term availability of services like healthcare and reliable domestic help.
Looking ahead, Karjat’s plotted land market stands at an inflection point. With the railway corridor nearing completion, road connectivity improving, and competing plotted developments gaining buyer interest, Peninsula’s Bhilawale project is well timed. If executed smoothly—incorporating phased delivery of infrastructure, transparent pricing, and plateaued regulation—it could establish a benchmark for corporate?backed plotted communities in the region.
Peninsula Land’s acquisition of 29 acres in Bhilawale, Karjat marks a calculated and promising entry into a rapidly evolving plotted?land micro market. By leveraging its brand credibility, institutional development model, and alignment with infrastructure growth, Peninsula is positioned to produce an aspirational plotted land product tailored to Mumbai Pune urbanites. While execution and local ecosystem development will define ultimate success, the foundational strategy and market conditions suggest strong potential for lifestyle demand and capital gains combined.
| Key Highlights: | |
| Situated at Bhilawale, Karjat | Developed by Peninsula Land |
| Residential Plots | World-Class Amenities & Facilities |
| High End Specifications | Marquee Plotted development with unique features and amenities |
Intercom facility
Community center
Bear Bar
Rain Water Harvesting
Parking
Gardens
Indoor Games
Out Door Games
Mini Theater
Club House
Security Guard
wifi
GYM
| Bedrooms | Sizes | Price |
|---|---|---|
| Plots | On Request | On Request |
Peninsula Bhilawale is a luxury Plotted Development project offering Plots with world-class amenities and excellent connectivity.
The project offers a range of different sizes Plots.
Buyers can enjoy state-of-the-art amenities including a clubhouse, swimming pool, gymnasium, landscaped gardens, kids' play area, and 24/7 security.
Peninsula Land Limited is famous for building international icons that have reshaped India's skyline. By creating multiple iconic projects in Mumbai and focusing on growing into a pan-India business, we continue to bring real value and experience to the real estate industry. The organization, which is a member of the Ashok Piramal Group, is dedicated to making history on a global scale. Among the earliest real estate firms to debut on the stock exchange were us. This reality is the clearest proof of our commitment to fair and open business procedures and sound corporate governance.
Peninsula Land is now a fully integrated real estate firm. Our initiatives include residential complexes, world-class business buildings, and innovative retail endeavors. In Mumbai, Bengaluru, Pune, Goa, Nashik, and Lonavala, we have completed the construction of over 10.6 million square feet of real estate, with another 1 million still in the planning stages. Some of the landmarks that Peninsula has provided to Mumbai are CR2, Ashok Towers, Ashok Gardens, Crossroads, Peninsula Corporate Park, Peninsula Technopark, and Peninsula Business Park.
Our properties are not just structures built on a piece of land; they are new-age architecture excelled to perfection. We have implemented innovative ideas like "Shoppertainment" at Crossroads and Club Peninsula, which are recreational spaces at office buildings. In Mumbai, Pune, Nashik, Bengaluru, Goa, and Lonavala, we have constructed more than 10.6 million square feet of real estate, and we are currently working on more than 1 million square feet.
Bhilawale, Karjat