What are the reasons for Alibaug rising popularity as a second home destination?
The real estate market is recovering post the pandemic and boosted by the favourable government policies and infrastructure development. With everyone adjusting to a hybrid, work from home routine, the demand for a second home close to the city and yet surrounded by nature has sharply risen. All these factors make Alibaugh a right investment choice for a second home with rates almost guaranteed to increase in the next 5 years with the coastal town becoming the destination of choice.
Alibaugh has become the choice for a second home largely due to the ease of travel and proximity to the city. It’s a quick commute from Mumbai with the Ro-Pax and has a great existing community which is inclusive and vibrant. Within the next 2-3 years, you can expect new state-of-the-art hospitals, International Schools, the Trans Harbour Link, additional Ro-Pax vessels and water taxi services which will make it one of the most sought after lifestyle destinations in the country.
How is luxury wellness becoming a popular theme for developments?
In the post pandemic world we have realised that the greatest luxury is health and wellness which has given rise to many luxury wellness offerings. But what we are building with Avas is completely unique and will disrupt the industry. We are the first to combine holistic health and luxury living with a community that believe in the same ethos and looks at wellness as all encompassing. Even the design of our villas follow a biophilic philosophy which helps align one to their natural circadian rhythm and improve their quality of living.
Is the price rise going to be a dampener for customer sentiments?
There is a great quote which I truly believe in: ‘Quality is remembered long after the price is forgotten.’ In the luxury segment, buyers demand a certain standard and quality and find value when this standard is met.