Delta Corp Inks JV with Peninsula Land to Entre into Real Estate

Delta Corp Inks JV with Peninsula Land to Entre into Real Estate

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8 month(s) ago

Delta Corp Makes Strategic Entry into Real Estate via Investment in Peninsula Land. Casino and hospitality giant Delta Corp has announced its foray into the real estate sector through a strategic collaboration with Peninsula Land (PLL). Delta Corp Inks JV with Peninsula Land to Entre into Real Estate

Key Points:

  • Investment: Delta Corp to invest Rs. 100 crore in Peninsula Land through equity shares and compulsorily convertible debentures (CCDs).
  • Joint Venture: Delta Corp and PLL propose a joint venture with a combined investment of Rs. 250 crore, with Delta Corp holding the majority stake and PLL acting as the development manager.
  • Peninsula Land’s Strengths: Extensive experience across asset classes, strong operational performance, and a debt reduction track record of over 90% in the past five years.
  • Delta Corp’s Vision: Leverage its financial resources and industry experience to capitalize on the growth potential of the Indian real estate market.

Peninsula Land’s Portfolio:

  • Delivered over 10.6 million sq ft of real estate across key cities like Mumbai, Pune, Bangalore, and Goa.
  • Diverse project range including affordable housing, luxury apartments, plots, and villas.

Benefits of the Collaboration:

  • Provides Peninsula Land with growth capital for future projects.
  • Allows Delta Corp to enter a high-growth sector and diversify its business portfolio.
  • Combines Delta Corp’s financial strength with Peninsula Land’s development expertise.

Industry Outlook:

  • Delta Corp views the Indian real estate sector as poised for significant growth due to factors like consolidation, rising demand, and customer preference for established brands.

Overall Significance:

This strategic partnership marks a significant development for both companies. Delta Corp gains a foothold in a promising new market, while Peninsula Land secures funding and a valuable partner for future projects. The collaboration is well-positioned to capitalize on the anticipated growth in the Indian real estate industry.

 

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article please email news@jvdeals.in

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