India, July 11 -- Peninsula Land has become the latest prominent developer to bet on Alibag's rising potential as a premium real estate destination. The company has acquired 11 acres in Sogaon, Alibag for a plotted development project, joining a growing list of top builders-including Lodha Group, Oberoi Realty, Hiranandani Communities, Mahindra Lifespaces, House of Abhinandan Lodha (HoABL), Zen Group, Emaar, Alyf, Brego Land, and Earth Builders-who have already marked their presence in the region.

In addition to the Alibag land, Peninsula Land has also picked up 29 acres in Bhilawale, Karjat, further strengthening its foothold in fast-growing micro-markets around Mumbai. The company said the move is part of a strategic expansion plan dri...