Alibaug is an admired travel destination that serves as a great escape from Mumbai for a rejuvenating weekend. It is a coastal town in Raigad, Maharashtra and is well-connected with Mumbai by ferry, rail, and road. Alibaug has also emerged as the second home destination since the late 1990s. Well-known celebrities like Shahrukh Khan, Sachin Tendulkar and Ratan Tata own sea facing bungalows in this locality. Let’s look at some of the reasons why it is important to own a property in Alibaug .
Reasons to own a property in Alibaug
Alibaug as a property investment destination: The land rates and property investments of Alibaug have shown a substantial rise. The value of Alibaug has grown by about 150% in the last 10 years. It is expected to rise further.
- Rising infrastructure: The ongoing government projects and Panvel-Kopra airport is in the proximity of 45 minutes from Alibaug. There are infrastructure development projects that provide easy access to Alibaug. These infrastructure development projects include a multi-modal corridor road from Virar, a 4 lane Mumbai-Goa highway, a local train and a Ro-Ro service.
- Lifestyle: The local lifestyle has also shown a considerable improvement. The education facilities, international industries, automobile industry, health, and construction businesses have prospered in Alibaug. Many builders also offer luxury apartments, villa plots and flats in Alibaug as they focus on offering serenity and comfort in the second home.
- Opportunities: Alibaug is flourishing as a second home realty hot-spot. Many well-known builders like Hiranandani Communities are coming up with residential projects. Hence, a lot of home buyers and investors are showing interest in Alibaug properties.
Residential projects in Alibaug
Hiranandani Sands- A gated community township project by Hiranandani Communities
Hiranandani Communities latest offering is Hiranandani Sands, a new project in Alibaug. This is a gated community township which offers villa plots in Nagaon. It offers 43 premium villa plots for a beach lifestyle. The project offers a scenic view of the beautiful Nagaon beach. It also has a sailing club and water-sports for the seafarers and adventure seekers.
Property rates in Alibaug
The property rates in Alibaug have increased by 3.4 times in the past decade. This indicates that it is ready for the next wave of real estate growth. There are many interested in investing in dual homes in Alibaug. The home buyers and investors in Alibaug are aware of the return on investment prospects in Alibaug. The plots in Alibaug are now being sold today for Rs 1,200- 1,400 per sq. ft. Earlier the plots were sold at Rs 250-300 per sq. ft.
Alibaug is one of the most famous tourist destinations in Maharashtra and is emerging as the real estate hub near Mumbai and Pune. The investors, industrial houses and a lot of big developers from Mumbai have realized the future potential of Alibaug and are investing here heavily.