Peninsula Land Limited (PLL), the real estate arm of the brand Peninsula under the group of Ashok Piramal Group was incorporated on 10th August 1871 as a textile unit in the name of 'The Morarjee Goculdas Spinning & Weaving Company Limited'. In January 2004, name of the company was changed from Morarjee Goculdas Spinning & Weaving Company Limited to Morarjee Realties Limited and was further changed to 'Peninsula Land Limited' in March, 2005.
PLL is known for its concept based architectures in the commercial, retail and residential sectors. The commercial projects of the company are undergone in the brand name of Peninsula, retail and residential real estate is in under the brand names of Crossroads and Ashok respectively. The echo of PLL professionalism and expertise can be felt through the new-age creations such as Crossroads, CR2, Peninsula Corporate Park, Peninsula Technopark, Peninsula Business Park, Ashok Towers and Ashok Gardens. Diversifying further its domain, Peninsula is developing 3 Special Economic Zones (SEZ) in Goa.
Ashok Piramal Group made its entry into the real estate sector in the year 1997, from there, all the real estate developments of Peninsula are carried under this flagship company namely PLL. The Company had launched the project named Ashok Towers in the period of 2004-05, and it had grate success. The merger of Piramal Holdings Limited and Morarjee Realties Limited in April of the year 2005 was the reason for the formation of Peninsula Land L ...imited. PLL had successfully completed two of its prestigious projects in 2005-06 namely Peninsula Plaza and Bayside Mall. In 2006, Peninsula had entered into the real estate investment arena with Peninsula Realty Fund. During the year 2006-07, the company had acquired 100 acres of land in Pune for the development of an IT SEZ. During the same year, as a part of expansion strategy to be a major developer in India, the company had opened regional offices in Goa and Pune and had acquired land Goa, Nasik and Pune. PLL had inked Rs 12 billion property deal with Essar Realty Holdings in January 2008, to sell and lease premises at its upcoming IT park named Peninsula Technopark on LBS Marg in Kurla (Mumbai).
In 2010, the Company completed residential project Ashok Towers at Parel, Mumbai and launched residential projects at Betim in Goa and Nasik in Maharashtra. In 2012, it completed Ashok Gardens residential, Peninsula Business Park and Peninsula Technopark commercial in Mumbai. In 2013, it embarked on a joint venture with Brookfield, Canada, for real estate fund management. It acquired New Great Eastern Mill land in Byculla in 2014. It launched a new project in Mumbai, namely Project Code NGE in Byculla in 2016. It launched the prestigious Salsette 27 project in Central Mumbai in Byculla in 2016-17. It completed the first phase of Ashok Meadows in Pune and Ashok Astoria in Nashik in 2017.
Goodhome Realty Limited, Rockfirst Real Estate Limited, RR Mega City Builders Limited and Truewin Realty Limited became the subsidiaries of the Company in FY 2018-19. Peninsula Heights, Bishopsgate and Carmichael Residences projects got completed in 2018-19. To tap demand for affordable housing, Peninsula Land launched addressOne, comprising 600 units residential project in Gahunje, Pune in Q4 of FY 2018-19. The first phase of the project was launched in Q1 of FY 2018-19, with 900 units.
The Company launched AshokVann (Pune) a plotted development new project in 2023. It completed the residential projects comprising of Celestia Spaces and Ashok Nirvaan in 2023. In 2024-25, Luxury and ultra-luxury segment supply together grew significantly, mostly due to the high redevelopment activity in south-central Mumbai areas including Bandra, Pali-hills and Juhu area. Developers acquired the iconic bungalows & buildings for redevelopment.
The Company launched Mumbai's first luxurious residential tower - Ashok Towers in FY 2025, built Mumbai's first retails mall - Crossroads, set a commercial benchmark in Lower Parel with Peninsula Corporate Park. It redeveloped Mumbai's first textile mill project. Peninsula Corporate Park was developed on textile mill land in Central Mumbai and this project transformed Lower Parel into a new age business district in 2025.
FAQs on Peninsula Land Ltd
1. Can I buy Peninsula Land Ltd from PL Capital? ›
Yes, you can invest in Peninsula Land Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Peninsula Land Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Peninsula Land Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Peninsula Land Ltd pay dividends? ›
Peninsula Land Ltd does not currently pay dividends. Investors in this case primarily benefit from capital appreciation, where the value of the stock may rise over time depending on business growth and market conditions.
3. What is the current share price of Peninsula Land Ltd ? ›
As of
01-Jan-1980 , 00:00:00 the share price for Peninsula Land Ltd. is ₹ 19.56 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Peninsula Land Ltd ? ›
The 52-week high and low of Peninsula Land Ltd share price is ₹ - ₹ as of
01-Jan-1980 , 00:00:00 .
