_pages-to-jpg-0001.jpg)
In a major development for India’s real estate sector, Mumbai-based developer Hiranandani Communities, under the leadership of Dr Niranjan Hiranandani, has launched the first phase of its 225-acre integrated township project, Hiranandani Sands, in Alibaug. Maharashtra. The company is investing Rs. 5,000 crore in the project, which has an estimated gross development value (GDV) of Rs. 17,000 crore.
In the first phase, the developer launched 3.3 lakh sq ft across three residential towers, comprising 330 apartments. All units were sold out within three days of launch, generating Rs. 450 crore in revenue.
The apartments ranging from studio apartments priced at Rs. 80 lakh to premium 3 BHK units at Rs. 2.85 crore, offering panoramic sea and hill views. This phase alone generated gross sales of Rs. 450 crore, underlining the market’s strong appetite for high-end real estate in Alibaug.
“About 12% of buyers in the first phase were NRIs. We are witnessing growing interest from overseas citizens, particularly from markets like the US,” said Niranjan Hiranandani, founder and MD, Hiranandani Communities.
Strategically located near Mumbai and accessible by sea, road, rail, and upcoming air links, Hiranandani Sands is envisioned as a lifestyle extension of India’s financial capital. It will offer a blend of luxury residences, signature villas, plotted developments, and branded serviced apartments, making it the first large-scale private township in Alibaug. Among its most exclusive features are a personal beachfront and private jetty access - amenities aimed at affluent homebuyers, both domestic and international.
Speaking on the occasion, Niranjan Hiranandani, Founder and Managing Director of Hiranandani Communities, stated, “Hiranandani Sands is envisioned as a catalyst for Alibaug’s real estate transformation, supported by improving last-mile connectivity and year-round access via sea, road, rail, and air. The township appeals to HNIs, UHNIs, and global investors seeking premium coastal living, aided by incentives like a 50% stamp duty concession under the Integrated Township Project policy.”
The township will also feature a curated mix of five hotels, catering to luxury, business, and leisure travellers. Complementing this hospitality offering will be a mega convention centre, a wellness hub, a coastal wedding destination, and a world-class yacht club.
Further enhancing its recreational appeal, the township will include one of the largest upcoming water sports hubs on India’s western coastline, set to launch by the end of the year.
From a sustainability standpoint, Hiranandani Sands is being developed with a green-first approach. The site includes 27 acres of reserved forest with over 7,000 newly afforested trees, and it is located adjacent to 100 acres of preserved natural wetlands, highlighting a commitment to ecological balance and environmental responsibility.
Alibaug’s transformation is further buoyed by the Maharashtra Government’s infrastructure drive. Projects such as the Ro-Ro ferry extension, Radio Club Jetty, Karanje–Rewas Sea Bridge, Virar–Alibaug Multimodal Corridor, Atal Setu, and the Navi Mumbai International Airport are set to revolutionise connectivity and boost investment.
