For long, Alibaug has seen an increase in demand for residential properties, particularly from individuals looking for vacation homes or weekend getaways. It is indeed a popular destination for vacation homes due to its scenic beauty, proximity to Mumbai, and a range of recreational activities. However, limited connectivity has impeded the town’s full potential for real estate growth. But now, several new Alibaug development and infrastructure projects are coming up to improve that.
Alibaug Aims For Development Boom
Alibaug boasts beautiful beaches such as Alibag Beach, Kashid Beach, and Nagaon Beach, where residents can relax, indulge in water sports, or enjoy picnics with family and friends. Its tranquil and peaceful environment makes it an attractive choice for individuals seeking a break from the city’s hustle and bustle.
Not just leisure, the place offers a range of leisure and recreational activities, including water sports, hiking, exploring historical forts like Kolaba Fort and Murud-Janjira Fort, and enjoying local cuisine.
According to a recent poll by HoABL, these infrastructural projects will provide up a wide range of potential for real estate development in Alibaug. Investors will have a huge opportunity to profit from appreciation and rents. The government has started several key infrastructure initiatives to close the connectivity gap in Alibaug in recognition of the unrealised potential and rising demand for real estate there.
Also Read: Virar-Alibaug Multi-Modal Corridor: Route, Cost, & More; All You Need To Know
Connectivity Development Projects Are Underway
Here are a few projects that are underway as Alibaug gears for a development boom:
Thanks to the innovative Virar-Alibaug Corridor Project, which was put up in 2010. Alibaug is poised for a revolution in connectivity and economic growth. This ambitious project seeks to promote growth and stimulate economic activity.
Operating for a few years, the Mumbai to Alibaug Ro-Ro automobile ferry service has become very well-liked. Reservations are nearly always required, especially on weekends. With this cutting-edge means of transportation, cars can pull up right to ferries and passengers can relax inside.
The importance of Mumbai Trans-Harbour Link (MTHL) is a critical element of the Virar-Alibaug Corridor Project. This 21.8 km, 6-lane access-controlled sea bridge would link Sewri in Mumbai with Chirle in Navi Mumbai. Moreover, this would result in a significant reduction in travel time between these areas.
Cover image credits: Canva