The RORO (roll on-roll off) water transport is the biggest growth driver which connects South Mumbai, Alibaug and Navi Mumbai. There is ample availability of boats all throughout the year and this has led to a real estate explosion in Alibaug. This popular seaside jaunt looks set to become one of the biggest realty growth stories in recent times. From South Mumbai, it takes just 40 minutes to reach Alibaug through this system. Experts state that Alibaug will profit from the RORO water transportation framework. Leading developers like Mahindra Lifespaces, Hiranandani and others have already bought land for coming up with projects in Alibaug.
There is demand for well-designed gated communities in Alibaug which will definitely attract several second home buyers. Administration and maintenance of these assets is another incentive being given to buyers for total peace of mind. There is the Rewas-Karanja Creek Link which is an 8 kilometre stretch and the Mandwa Marina which is another prospect for inland water transport. The Mumbai Trans-Harbour Link is a 21.8 km expressway and the 140 km Virar-Alibaug passageway will connect areas in the MMR (Mumbai Metropolitan Area) with Alibaug.
These are some of the infrastructural developments that promise to boost the residential real estate market in Alibaug. In this context, real estate developers may consider coming up with bungalow projects as well. Alibaug makes for an exciting growth proposition for the future with improved connectivity and growing social infrastructure. Over a period of 3-5 years, Alibaug will be a fully active and coveted market for buying second homes. Approximately, unit prices can range between Rs. 1-2 crore here by then as per market experts.
