Situated at the backyard of Mumbai Metropolitan Region (MMR), Alibaug was once a weekend gateway for Mumbaikars. Serene weather, laidback seaside vibes, popular temples and scenic greeneries, it was everything one would ask for to escape the fast-paced Mumbai lifestyle.
Few rich Mumbaikars owned bungalows or cottage, while others preferred hotels. Many others went and returned the same day.
However, over the past few years, tables are turning on Alibaug’s property market. It is morphing into a pioneer of experiential real estate in the MMR and the wider northern Konkan region. Emerging on the scene as a multifaceted property market, the coastal town is witnessing a spurt in launch of gated villa communities, vacation homes and branded plots, as per a report released by SKYE Hospitality.
The report has mapped Alibaug’s journey and transformation into a premium residential destination from once being a rustic coastal neighbourhood. Average cost of branded plots from top notch developers have reached Inr 6700 PSF in 2025, growing at a CAGR of 19.3% since 2021, when average price was pegged at Inr 3300 PSF.
However, cheaper options for lands are available in the non-branded space, in the range of Inr 1300- 2000 PSF
The property price hike has been even steeper in the luxury villa segment, which has moved up by a sweeping rate of CAGR 27%, during 2021-25, as revealed by the SKYE report. Average property prices of premium villas have reached Inr 14,800 PSF currently. Numerous big developers such as House of Abhinandan Lodha, Emaar, Avas wellness, Mahindra Lifespaces, Equinox, Axon Developers, etc. have made grand foray into the market or are going to soon launch big. The report has further revealed that the prices appreciation will accelerate and reach ~35% yearly in the coming times.
“Alibaug is no more a quant neighbourhood situated in the peripheries of the MMR. It is now in the midst of a property bull run. The picturesque coastal region is fraught with potential for premium curated living which includes but are not limited to sea facing bungalows, serviced vacation villas, farmstays and branded homes. In a time when work from anywhere concept is picking up, Alibaug is the go to destination for many residents from Mumbai, Pune and other nearby regions. It is a perfect place to live, work and play seamlessly in the midst of less crowded sea-shores and lush green environs” Quoted, Mr. Ankit Kansal, MD- SKYE Hospitality.
Interestingly Alibaug is also now attracting serious interest as a location for primary residences — particularly in the form of spacious villas and branded homes. For many Mumbaikars, the idea of relocating from the city may once have seemed far-fetched, but with improved infrastructure, including fast ferry connectivity to Mandwa (approximately 20 minutes) and Mumbai Trans Harbour Link (MTHL), the area has become a practical and desirable alternative to main neighbourhoods of Mumbai and Thane.
“The emergence of curated, high-quality residential formats further signals a maturing market — one that is no longer just about escape, but about everyday living. Big developers are coming up with gated communities and branded villas to cater to the evolving market dynamics” Added Ms. Taran Chhabra, Director, SKYE Hospitality.
