Nestled right at the centre of the tranquil beaches of the Konkan region, Property in Alibag has lately been getting a lot of attention from residents of Mumbai and elsewhere aspiring to own a seaside property just a few hours away from the metro city.
Celebrities and industrialists too have shown much interest in buying property in Alibag. Recent reports suggest actress Juhi Chawla, actors Deepika Padukone and Ranveer Singh, industrialists such as DMart’s founder, Radhakishan Damani, Navin Agarwal of Vedanta Resources, Gautam Singhania of Raymonds, Prakash Mody of Unichem Labs. Ltd., Falguni Nayar of Nykaa, and actor Sharukh Khan, among others, have bungalows for a second home in Alibaug. Cricketer Virat Kohli, Rohit Sharma, Hardik Pandya, and actor Ram Kapoor are recent celebs who purchased the property in Alibag.
And why not?
Alibag’s pristine beaches, lush greenery, and amazing Konkan delicacies make the city a highly-desired destination for a weekend home that offers a quick getaway from the hustle and bustle of city life.
Whether you’re looking for your dream villa or aspire to buy a plot to build your dream home or are looking to make a real estate investment, here’s why a property in Alibag is your best bet:
Easy Access to major cities
This beautiful coastal town with forests, forts, and several beaches is in close proximity to Mumbai, Pune, Thane and Navi Mumbai, making it a really popular destination for vacations and investment alike. All-year boats ferry from the Gateway of India, Mumbai to Mandwa in just about 90 minutes, making it easily accessible all year round. If you want to hit the road, it just takes 3 hours to arrive in Alibag from Mumbai or Pune. Being a stone’s throw away from the major cities, it becomes all the more advantageous to invest in that coveted holiday home in Alibaug.
Property in Alibag Value and Appreciation
Alibag is often referred to as the ‘Mini Goa’ of Maharashtra and the ‘Hamptons of Mumbai’, Alibag has seen a massive increase in demand for second homes, encouraging construction companies and real estate investors to facilitate more and more development projects. Considerably, Alibag’s land rates and property value has risen greatly to about 150% in the past decade, and rates have been appreciated by thrice or four times. This is expected to rise further.
Apt Weekend Getaway
Marked by white sand beaches, delicious seafood, crispy breeze, and beautiful luxurious beachfront properties, Alibag has quickly become the favourite holiday destination, especially for people living in Mumbai and Pune. If you too find solace in the sound of the waves and want to unwind in picturesque environs laden with mangroves and palm trees, Alibag’s stunning settings give you exactly this and more. With the Mumbai-Alibag transport line set to improve with further services, it is getting easier to take a pause, reach Alibag, unwind and relax or even plan a workation.
Development and Great Infrastructure benefits
Alibaug is just 45 minutes to the New International Airport at Kopra – Panvel, which will be well connected to the airport via metro so it would take just 45 minutes to reach Alibag from Mumbai.
It has been majorly because of this project that property investments have skyrocketed in the past few years, leading to improved commutation infrastructure, increase in educational institutes, construction companies, better social infrastructure and more business opportunities.
With the implementation of the Roll-On Roll-Off ferry service (RoRo) that accommodates 40 cars, 10 buses and 500 passengers at a time, the commutes from Mumbai to Alibaug have become easier. The Virar- Alibaug multimodal corridor is also underway that will have 8 lanes, flyovers, overpasses, underpasses and a metro corridor. Along with this, the Mumbai-Goa 4-lane highway will also enhance connectivity.
Adds to a professional growth potential
With improved social infrastructure and special economic zones in Rewas and Mandwa regions, Alibag is a potential hub for upcoming startups, and hotel business opportunities. Renting your property in Alibaug to businesses or families has great potential. Leading hotel chains and homestays are doing great as rental stays.
Wide range of Properties in Alibag
Being a tourist hub, Alibag is quite the market for real estate investors, developers as well as industrial houses. Row houses, bungalows, plots and villas are all considerably affordable. While the row houses range from INR 70 lakhs to 2 crores, bungalows start from INR 1.25 crores till INR 7 crores.
Amazing returns on investment
For homebuyers in Alibaug, it’s not only an investment but an expectation of returns as well. Reports suggest that the plots that were earlier getting sold at INR 250-300 per sq ft till 2007 have seen a sharp rise in profitability since 2009 and are now being sold at INR 1200 – INR 1400 per sq ft.
The next wave of the real-estate boom is upon Alibaug as it is being eyed for its spectacular natural beauty and laid back beach lifestyle while offering improved connectivity with the major cities.
The right time to invest in Alibag property is now. Getting your beachfront farmhouse in alibaug is simply a call away when you have an incredible array of properties at your fingertips at Alibag Hospitality.