Ashok Piramal Group’s realty firm Peninsula Land will invest Rs 160 crore to develop 600 apartments in the second phase of its affordable housing project in Pune. The Mumbai-based real estate firm last year launched 900 units in the first phase — addressOne — at Gahunje, Pune. The project cost was Rs 200 crore. Peninsula has tied up with Home Capital that will provide home buyers interest free loan on stamp duty and registration. The project is PMAY (Pradhan Mantri Awas Yojana) to help home buyers get up to Rs 2.67 lakh. Peninsula Land delivered seven million sq ft of real estate. Over 10 million sq ft is under construction and in the pipeline in Mumbai, Bengaluru, Pune, Goa, Nashik and Lonavala.