The unprecedented Covid crisis drives the need for holiday homes in close proximity to city centres as a quick-getaway destination in the backdrop of rejuvenation and well-being. For years known as the ‘Goa in Mumbai’s vicinity, present-day ‘Alibaug’ is fast evolving as a preferred holiday destination and future SoBo (South Mumbai) extension. The commencement of Ro-Ro ferry service across 365 days from the Gateway of India or Ferry Wharf offers the best living of both worlds in an hour ride. Alibaug life offers a surreal experience of the ‘Sea, Sand and Sun’ lifestyle with a lot more to explore at the coastline. It holds a huge potential to become the future perfect iconic beach destination of Maharashtra.

The second home destination like Alibaug closer to Mumbai is easy to access, easy to invest and easy to maintain. For those evaluating a real estate investment in the second home segment, Alibaug leads the list and doesn't come across as grossly expensive. Alibaug as a real estate micro-market offers a wide range of options to invest in villas, villa plots, apartments or row houses. Nestled between tranquil beaches of the Konkan region, located just the right distance from the fast-paced metropolitan cities of Mumbai, Navi Mumbai, and Pune, Alibaug is the perfect location to own a home – across the Mumbai shoreline. Under the emerging new normal scenario, it is the right time to tap this unexplored stunning locale beach destination and redefine the shoreline into a global destination.

Property investment in Alibaug sounds future perfect, given the advantages of upcoming infrastructure connectivity by the Alibaug-Virar multi-modal corridor; the Mumbai Trans Harbour Link (MTHL) and the Navi Mumbai International Airport (NMIA), among others. Within Alibaug, the ecosystem has developed with luxurious beachside homes offering the right getaway shore-side lifestyle. Alibaug offers options which fit most requirements of the discerning home buyers, looking from the RoI aspect, price-points of property have escalated in Alibaug over the past decade; and should continue to do so into the future.

As per the media reports, Alibaug’s real estate market has witnessed a 150 per cent growth in the last decade itself. With ongoing developments and investments, Alibaug’s property rates are bound to skyrocket over the next decade; this is what makes it the ideal decision for investors to buy in Alibaug. Urban development, infrastructure and built remote connectivity, better social ecosystem with school, wellness and healthcare, retail and entertainment zone to provide holistic living and quality of lifestyle living just a ferry-ride away.

Once upon a time Alibaug was referred just as a tourist destination, which gradually morphed into a second home location. Now, it is also a luxury sea-side home destination for the rich and famous HNIs, NRIs and the Page 3ities. It truly offers the French -Riviera style of living that offers sea-side residence and travel across the harbour for work.

Alibaug offers a long coastline spread over 11 beautiful beaches along with great weather, and several historical places that add to its allure. The central city in Raigad district, Alibaug as a location is blessed with natural scenic beauty. Be it the Arabian Sea, the Dharamtar Creek or the Sahyadri Ghats situated on the eastern periphery, it can’t get better. Alibaug enjoys proximity to the economic capital of India, and the RoRo Ferry service has rightly ensured that Alibaug becomes one of the fastest developing cities. From the perspective of Real Estate investment, now would be the correct time to invest in Alibaug.

Dr. Niranjan Hiranandani is CMD, Hiranandani Communities
Visit: https://www.hiranandanicommunities.com/alibaug