Want to own a home which not only relieves you from daily stressful professional life but also gives you the perfect weekend holidaying option? Then come to Alibaug which is home to serene beaches, historical forts, magnificent temples and ancient villages. A coastal town located in the Raigad district of Maharashtra, it is a popular gateway for Mumbaikars. It is located just about three hours’ drive distance from Mumbai and is well-connected by rail and ferry.
Because of its scenic landscapes, Alibaug is also preferred as popular weekend homes of many celebrities which include Shah Rukh Khan, Sachin Tendulkar, Ravi Shastri, Sunil Gavaskar, Businessmen Ratan Tata, Godrej, Ashok Mittal, Singhaniya of Raymond etc. who have sea-facing bungalows in and around the town.
So let’s understand what makes this place a perfect destination for weekend home:
Because of its tranquil and affluent living, the real estate sector of Alibaug has always remained on the boom. It has attracted many NRI’s, HNIs and big industrialist who are looking to invest in a lifestyle destination.
Location and connectivity
The major driving force behind’s Alibaug increasing real estate market is its location and connectivity to both Mumbai and Pune. From Mumbai, one can reach Alibaug by traveling on the Mumbai-Goa highway (NH-17) till Wadkhal (or Vadkhal) and taking the right fork from Wadkhal.
The nearest jetty is Mandwa from where ferry services are available to Mumbai. Speedboats from the Gateway of India to Mandwa Jetty take roughly 20–25 minutes depending on the weather. The nearest rail railway station is at Pen. Through Pen, it is connected to Panvel and onwards to Mumbai and the Indian Railways network.
Property price and trend
According to real estate expert, “There are no two opinions about the attraction quotient of Alibaug as a second-home destination. That’s why hundreds of hotels have come up, apart from a number of industries setting up base here.”
Alibaug is home to all types of residential units. The average property prices have shoot in recent times. For ex. A row house falls in the range of 70 lakh to 2 crores. While a bungalow cost around 1.25 to 7 crore, a plot can be brought in the range which varies from 10 lakh to 2 crores.
Major infrastructural development like two Special Economic Zones and a new port in Revas have also attracted many home buyers as well as investors in recent times.
Realty experts say that in Alibaug 90% of the population belongs to Mumbai while rest 10% is from Pune. So with many industries as well as big developers investing in this area, the potential of Alibaug realty market will increase more in future.
Apart from this one can also expect, good ROI’s on properties purchased in this area. For example plots in Alibaug which were once sold at Rs 250-300 per sq ft till 2007, are today going for Rs 1,200-1,400 per sq ft.
So with its natural beauty, cool ambiance and spectacular scenery, Alibaug fulfills all the criteria of a perfect vacation home destination.