Knight Frank India has facilitated the sale of a luxury villa at Avas Living, Alibaug, Maharashtra, for a remarkable Rs 25.5 crore. This transaction underscores the growing appeal of Alibaug as a premier second-home destination for high-net-worth individuals (HNWI), including prominent figures from various sectors, such as actors, industrialists, and sports personalities.
Alibaug, a picturesque coastal town along Maharashtra's Konkan belt, has seen a surge in demand for high-end residences. Its serene beaches, lush landscapes, and enhanced connectivity. The recent infrastructure improvements have played a crucial role in Alibaug's increasing popularity. The roll-on-roll-off (ro-ro) ferry service has reduced travel time from Mumbai. At the same time, the newly opened Atal Setu bridge has further improved road connectivity, improving accessibility and significantly reducing travel time between Mumbai and Alibaug.
The average price movement for prime properties in Alibaug ranges between 15% and 18% CAGR over the last few years. This has led to a surge in demand, prompting developers to introduce exclusive gated communities featuring amenities such as private pools, wellness centres, and concierge services, catering to buyers seeking a world-class living experience.
Amit Jadhwani, Vice President of Residential Agency, Knight Frank India, said, "Alibaug has firmly established itself as a preferred luxury getaway for affluent buyers seeking exclusivity and privacy, with a seamless connection to Mumbai. The rise in premium transactions reflects a broader trend where second homes are no longer just vacation retreats but a lifestyle choice. With continuous infrastructure upgrades, Alibaug's luxury real estate market is set for sustained growth."
Alibaug's transformation extends beyond real estate. The town is witnessing the rise of high-end hospitality brands, boutique hotels, and fine dining establishments, further elevating its status as a luxury destination. The region's evolving infrastructure and strategic urban planning indicate that its appeal will continue to grow in the coming years.
