Alibaug is one of the traditional weekend-getaway destinations for residents of Mumbai. But it has also emerged as a second home destination for many. Having a home surrounded by pristine beaches, coconut groves, lush greenery, and scenic mountains is like a dream come true. Away from the hustle-bustle of the city, Alibaug brings you close to the nature. The upcoming projects are located near the scenic views where your day will not be less than a vacation.
Previously, Alibaug was only seen as a weekend getaway or as a tourist destination. But with a lot of recent developments, this location is emerging as a residential hotspot. Residents from Mumbai and Pune are showing keen interest in investing in property for sale in Alibaug.
The real estate market in Alibaug picked up on a modest note in the 1990s, primarily with plotted residential developments. However, in the last two years, there are a lot of new projects that offering plots for sale in Alibaug for villa/ bungalow type developments.
However, the land prices vary significantly across the region. Closer to the sea and the highway put these plots in the prime category, while agricultural properties in the hinterland would be priced more modestly. Alibaug is predominantly an investor market. Moreover, property values in Alibaug have more than doubled over the last three years; albeit much of this growth is being ascribed to speculation and investment.
Property prices there have reached their high levels largely on the power of speculation. There is a likelihood of stabilization and even rationalization of property prices in Alibaug over the next 6-10 months.