Peninsula Land will invest Rs 160 crore to develop 600 apartments in the second phase of its affordable housing project in Pune. The company has launched the second phase named ‘addressOne Central Park’. The company has tied up with Home Capital that will provide home buyers interest free loan on stamp duty and registration. The project is also PMAY (Pradhan Mantri Awas Yojana) approved which will help home buyers get up to Rs 2.67 lakh in the form of interest subsidy.
In April 2018, the company had launched 900 units in the first phase of the 50 acre project - addressOne -- located at Gahunje, Pune. The project cost was Rs 200 crore.
Peninsula Land is a holding company engaged in construction business. The company is engaged in the business of real estate development. Its segments include Realty, Renting and Others.