Blog Real Estate | India
The Evolution of Luxury Real Estate in Alibaug
- 6th Oct 2022
Air and noise pollution, as well as the city's overwhelming population, are a way of life for the residents of Mumbai. In such a situation, the seaside town of Alibaug, with its picturesque position, provides one of the most excellent locations for constructing a luxury residence near Mumbai.
This once-hidden weekend retreat is now a hive of development activity as the demand for secluded luxury houses near Mumbai continues to rise. Alibaug is virtually the backyard of the wealthy residents of South Mumbai, since the waterway connection allows them to reach Alibaug in a matter of minutes.
Alibag is one of the ideal locations for a burgeoning community of opulent co-primary luxury residences in close proximity to Mumbai.
Rapid advances in connection, convenience, and infrastructure have accelerated the transformation. Plans for healthcare, an international school, co-working spaces, and retail boutiques are indicated, as is the West Coast marine's 24/7 availability of a speedboat for prolonged operations. The shoreline is dotted with charming delis and eateries, spa resorts and exclusive member's clubs are on the increase, and the clincher? Amazon now delivers doorstep delivery.
On the residential front, second-home seekers have discovered heaven among verdant mountain ranges, swaying palms, beautiful beaches, and breathtaking sunset vistas. As excellent health and the safety of loved ones supplant other considerations, a long-term investment that gives this and more bodes well for people wanting both solitude and community. A natural, open environment for the kids to grow up in, an abundance of sunlight, organic food, and a recreational lifestyle to balance the practicality of work all fundamental to the attraction.
Which are the best locations for you to buy a luxury home in Alibag?
Many small towns such as Aawas, Sasawane, Zirad, Chondi, and Thal may be found along the road between Mandwa and Alibag. All of these towns are located in close proximity to the water. These locations are ideal if you want to buy a high-end villa in Alibag with a view of the water or direct access to the beach.
Many well-known Indian celebrities have lavish mansions and villas in these Alibaug villages. The surrounding villages of Alibaug, including Aakashi, Chowl, Revdanda, Varsoli, and Kurul, are also thriving and provide excellent opportunities to purchase a luxury home.
Alibaug was happy with its life overlooking the Arabian Sea as a picturesque hamlet before it became a famous holiday spot for city inhabitants. It was the area's largely untouched vegetation that attracted individuals looking for a break from the metropolis. The benefits of retiring to small towns with fewer people and better access to nature were highlighted by the outbreak. In recent years, Alibaug has been the preferred second-home location for city dwellers, notably those residing in Mumbai. Mumbaites have built a large number of lavish mansions, many of which have their own swimming pools. Some people are looking to rent the stunning property on Alibaug's shores.
The beautiful scenery and sandy beaches are surely a big part of the reason for the area's rising appeal. But there's a lot more to learn about this sleepy burg when you call it home, and the best time to do that is when you really live here. The RoRo has simplified life so much that you may just hit the road and discover its charm. Discover that there is more to Alibaug than just its scenic landscapes and relaxing atmosphere.
Before Alibaug became a popular beach resort for Mumbai locals, it was known for its forts and Portuguese architectural remnants. It is imperative that you go to the Kolaba Fort, which looks out over Alibaug Beach. It stands atop an outcropping of granite in the water. When the tide is low, you may walk up to the fort. It spans 900 feet in length, 350 feet in width, and has walls that are 25 feet in height; within, there is a shrine that dates back to the 18th century. Other surrounding lesser forts are unfortunately off-limits to visitors.
The Magnetic Observatory was built in this area in the year 1904. Originally situated in Mumbai, this observatory was moved to save money and was built by the British using Porbandar sandstone. Museums are another option for those looking to enrich their experience with culture. In Alibaug, you may visit museums and galleries including the Guild and the Dashrath Patel Museum. The latter was designed and built by Pinakin Patel, an architect and transdisciplinary designer.
It's highly recommended that the beaches of Alibaug and Varsoli be on your itinerary if you're looking to rent a beach home and enjoy a little adrenaline with your vacation. Banana boat rides, jet skiing, paragliding, and even scuba diving are just some of the activities available here. Before beginning your chosen activity, be sure you understand the necessary safety and other requirements. Nagaon, Kihim, Zirad, and Manaw are some of the other beaches in the region that provide adventurous activities. If adrenaline-pumping pursuits are not your thing, a stroll down the beach at sunset is just as beautiful.
Footpaths for Hiking
All of this is likewise accessible if you like spending time in nature. You may choose to ride your bike down the quiet streets or to walk to one of the numerous forts that dot the landscape. Kihim Beach is a fantastic spot for those who like birding. Another place with breathtaking views is Hirakot Lake. The distance between the city centre and this popular tourist attraction is about 5 kilometres. It is a large freshwater lake whose beaches include stunning crystal-clear sand and a beautiful view of the neighbouring Hirakot Fort, another renowned tourist attraction. You may eat fresh seafood at one of the many restaurants in the neighbourhood after taking a boat ride on the clear waters.
Alibaug is a beautiful town on the Arabian Sea, and if you can tear yourself away from lounging in one of the villas with a private pool, you will be pleasantly surprised by everything there is to see and do.
The dramatic rise in Alibaug property values over the last decade suggests that investing in Alibag may provide substantial returns. It's possible that some of the most spectacular sea-facing bungalows on the market in Alibaug may rival the most extravagant real estate in Dubai or Europe. The number of five-star hotels in Alibaug has grown rapidly in recent years.
Alibaug brings to mind images of beautiful, windswept beaches, verdant vegetation, and the weekend mansions of Bollywood's A-listers. But in recent years, this beautiful beach resort near Mumbai has become more attractive as a second home option for weekend homeowners and ambitious purchasers of high-end properties.
Originally a popular weekend getaway for day-trippers from Mumbai, Alibaug is now a "must-have" retreat for high net worth individuals (HNIs) from South Mumbai, industrialists, and film stars, and a vacation home for even middle-high income home buyers looking to invest in a leisure destination that is still relatively affordable.
One of Alibaug's best features is its proximity to Mumbai; most guests choose for the three-hour drive from Mumbai, but the sixty-minute boat excursion from the Gateway of India is just as relaxing. The town's famed food is only one of the many draws for visitors, with its ancient forts, temples, wooded sections, and multiple beaches. Those seeking adventure and sport may go sailing, scuba diving, or snorkelling.
But it's not only the beaches and the tourists. Several of the districts' administrative centres may be found in Alibaug. The town has pleasant weather throughout the year, but the winter months and the ensuing monsoons are when it really comes into its own. Celebrations of holidays like Nag Panchami and Pola are well attended.
Alibaug isn't only known for its abundant flora and fauna; the city has much more to offer as well. Listed below are a few arguments in favour of buying property in the metropolis.
Building up the Alibaug infrastructure
New business opportunities and improvements in social infrastructure have been hampered by Alibaug's 45-minute commute to the still-operating Panvel-Kopra airport. Also, the Ro-Ro ferry service between Mumbai and Alibaug is available now. Panvel's local train service, the multimodal corridor road from Virar, and the four-lane Mumbai-Goa highway all contribute to the city's ease of access.
Alibaug has everything needed to be considered both luxurious and relaxing, including convenient transportation and enough tourist facilities.
Alibaug property values have risen recently.
Property prices in Alibaug have surged by as much as thrice over the last decade, suggesting that the area is primed for the next round of real estate development. In addition to the many hotels in the area, there are also several options for those who want to stay in a private residence.
Due to the rise of an Indian middle class with greater international aspirations, Alibaug real estate is no longer exclusive to HNIs, businessmen, and celebrities. Dual-use houses, which may be used as timeshares, rentals, or investments for future generations, are becoming more popular with salaried homeowners and the aspirational middle class in these areas. As a result, this suggests that Alibaug's supply of vacation homes is expanding to match the city's growing demand.
Modern investors and homebuyers in Alibaug are also keenly aware of ROI (Return on Investment). It is commonly expected that Alibaug will see unprecedented levels of growth if infrastructure and development reached critical mass.
Your ideal Alibaug holiday home is waiting for you.
In today's market, many of Alibag's high-end real estate builders are Mumbai and Pune-based developers looking for a more expansive setting in which to build high-end homes in peace and quiet. Therefore, Alibaug has provided not just ambitious luxury homeowners with the option to acquire their perfect properties, but also aspirational luxury property developers with the opportunity to create.
The architecture of many of Alibaug's newer residences allows them to blend in with their natural surroundings. Most modern mansions in Alibag's poshest neighbourhoods are built on vast plots of land that are designed to make their residents feel at one with nature while also providing privacy and awe-inspiring magnificence.
Most of the latest high-end buildings in Alibaug are equipped with innovative green technologies including rainwater harvesting and energy-efficient, eco-friendly interiors.
These bungalows in Alibaug are the epitome of contemporary style and luxury. The complex includes a gym, spa, putting green, swimming pool, and function halls.
Alibaug's extraordinary mix of culture, tranquil nature, and rapidly-developing infrastructure makes it an enduring location for a vacation home that screams elegance, exclusivity, and great returns on investment.
The rise of gated community in Alibaug
The trend of buying villas in gated community in Alibag has been on the rise. In recent years , along with villa plots in Alibaug, the demand for huge gated community plots in Alibaug especially from Mumbai based investors has been growing extensively.
Therefore the number of luxury real estate developers in Alibaug who are focussing on gated community projects has also grown accordingly. Luxury property development companies like Isprava, Avas Wellness Living Project, Satellite Group, Mahindra Lifespaces and many more. Although many individual luxury home owners in Alibag prefer having their own private villas in Alibaug, the security and facilities and amenities that a luxury gated community development in Alibag provides has been attracting a lot of buyers.
An Alibaug home in your luxury real estate portfolio
After the epidemic, the demand for a sea-facing homes for sale in Alibaug has virtually skyrocketed. In fact, according to the majority of luxury real estate agents in Alibaug, there is a severe lack of owners willing to sell sea-facing bungalows in Alibaug because they anticipate a quick appreciation in value. In fact, the years 2021 and 2022 have seen the most inquiries for luxury villas in Alibaug, and the demand shows no sign of abating as wealthy home buyers from Mumbai and other areas of India continue to add Alibaug houses to their portfolios of luxury real estate. In recent years, owners of Alibaug villas for rent with a swimming pool and other facilities have seen their earnings skyrocket as a result of the high demand for luxury holiday rental houses near to Mumbai city. Many aspiring luxury homebuyers are eager to participate in the Alibaug real estate market, as the number of luxury villas for sale in Alibaug offered by investors continues to increase in price.
In addition, many real estate investors have purchased luxury homes in Alibaug due to the fact that the great demand for rented luxury villas in Alibaug guarantees a substantial rental income.
In truth, the majority of private villas in Alibaug are utilised by their Mumbai or Pune-based owners for occasional family gatherings, holidays, and parties, but mostly to generate a consistent rental income.