{"id":777011579,"date":"2023-12-01T09:08:15","date_gmt":"2023-12-01T12:08:15","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777011579"},"modified":"2026-04-22T15:03:36","modified_gmt":"2026-04-22T18:03:36","slug":"delta-corp-enters-real-estate-joint-venture-with-peninsula-land","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/delta-corp-enters-real-estate-joint-venture-with-peninsula-land","title":{"rendered":"Delta Corp enters real estate joint venture with Peninsula Land"},"content":{"rendered":"\n

The company has invested nearly Rs 100 crore in Peninsula Land.<\/p>\n\n\n\n\n\n\n\n

India.-\u00a0Delta Corp <\/strong>will return to the real estate sector with an investment of nearly Rs 100 crore in Mumbai-based\u00a0Peninsula Land<\/strong>. It will hold the majority stake in a joint venture with a total capital outlay of Rs 250 crores.\u00a0<\/p>\n\n\n\n

Peninsula has over 22 years of experience in the real estate sector, with 19 projects <\/strong>completed and two in progress. Delta Corp has previously been involved in various real estate projects.<\/p>\n\n\n\n

Jaydev Mody<\/strong>, the company’s chairman, said: “Today, India’s real estate sector is poised for growth and presents attractive opportunities to businesses.\u00a0The industry is consolidating as regulations increase, demand grows, and customers increasingly seek established and trusted brands. Via this strategic venture with PLL, Delta is perfectly positioned to take advantage of this new phase of growth in India’s realty space.”<\/p>\n\n\n\n

In October, Delta Corp<\/a> announced that it had received a temporary halt from the Sikkim High Court on a demand for back tax of Rs 6.28bn (US$75.5m) linked to the operation of Casino Deltin Denzong<\/strong> in Sikkim. The demand was issued by the Directorate General of GST Intelligence in Hyderabad.<\/p>\n\n\n\n

The casino operator had filed a writ petition challenging the demand. The court\u2019s order, dated October 20, maintains the status quo until the next hearing. The court issued notice to all parties on the interim application and requested replies from the Union of India, DGGI, State of Sikkim, GST Council and other respondents within two weeks<\/p>\n\n\n\n

See also: <\/strong>Delta Corp posts net profit of US$8.35m for the quarter ended Sept 30<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The company has invested nearly Rs 100 crore in Peninsula Land.<\/p>\n","protected":false},"author":176,"featured_media":17272,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Delta Corp is re-entering the real estate sector with a Rs 100 crore investment in Peninsula Land, forming a joint venture. Concurrently, the company has secured a temporary halt from the Sikkim High Court regarding a significant Rs 6.28bn back tax demand from the Directorate General of GST Intelligence related to its Casino Deltin Denzong operations.","focusai_entities":"Delta Corp, Peninsula Land, Jaydev Mody, Sikkim High Court, Directorate General of GST Intelligence, Union of India, GST Council, State of Sikkim","focusai_location":"India, Mumbai, Sikkim, Hyderabad","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.9), operator_casino (0.9), investor_analyst (0.95), journalist_researcher (0.85)","focusai_suggestions":[{"label":"Real Estate Strategy","query":"What is Delta Corp's long-term strategic rationale for re-entering the real estate sector, and how does this capital allocation impact its core iGaming growth initiatives and capital expenditure plans?"},{"label":"Tax Dispute Implications","query":"What are the potential financial implications for Delta Corp if the Sikkim High Court's interim order is overturned, and what precedent could this tax demand set for other iGaming operators in India regarding GST applicability on GGR vs. NGR?"}],"footnotes":""},"categories":[157,16334],"tags":[23890],"class_list":["post-777011579","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-asia-news","tag-delta-corp"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777011579"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011579\/revisions"}],"predecessor-version":[{"id":777011600,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011579\/revisions\/777011600"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17272"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777011579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777011579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777011579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}