"We now have land in the cities of Pune, Goa, Nashik, Nagpur and Hyderabad wherein development work is expected to commence shortly and the projects will be completed over a span of 3 to 5 years," Peninsula Land Group Managing
Director Mahesh Gupta said at the company's Annual General Meeting.

Two residential projects are in the pipeline in Nashik and Pune, one commercial project in Nagpur and three SEZs in Pune, Hyderabad and Goa.

Peninsula Land plans to build two residential projects in Nashik on 112 acres of land. The Peninsula Tech City, spread across 100 acres, in Pune would be constructed in two phases and eventually added to the development of the integrated township, the company said in its annual report.

The company has already tied up with Leela Ventures to develop the seven-storey commercial project in Nagpur spread across 0.5 acres.

The Goa SEZ, Peninsula Life centre, is already a notified project and would come up over 30 acreas of land. The 31 acre Hyderabad SEZ, called Peninsula Technology Park, would be a combination of processing and non-processing zones.

The company had acquired the land from Rallis India recently. Peninsula Land, however, did not divulge investments that it would entail in these projects.

The company is currently developing close to four million sq ft in Mumbai and has a total of 33.4 million sq ft under development.