Bollywood Actor Kushal Tandon Invests in 2002 sq ft Property in Alibaug
Kushal Tandon joins the list of celebrities investing in second homes in Alibaug, after Amitabh Bachchan and Kriti Sanon, with a 2002 sq ft property purchase for ₹2 crore.
Real EstateAlibaugSecond HomeLuxury PropertyBollywood CelebritiesReal Estate NewsJul 26, 2024
Alibaug has emerged as a favorite spot for Bollywood celebrities to invest in second homes, thanks to its proximity to South Mumbai and improved connectivity following the inauguration of the Mumbai Trans Harbour Link (MTHL). The area has witnessed significant growth in the real estate sector, driven by government initiatives to enhance infrastructure, including expanded roads, upgraded transportation facilities, and a new airport.
The House of Abhinandan Lodha (HoABL), a branded land developer, has been at the forefront of this growth, revolutionizing land ownership through its innovative New Generation Land concept. With over 700 acres of land under active development, HoABL has catered to a diverse customer base of over 6,000, including 17% NRIs from 20 countries and 83% from 150 towns across India. The company has projects spread across Alibaug, Anjarle, Dapoli, Neral in Maharashtra, Ayodhya, and Goa.
Kushal Tandon's new property investment in Alibaug marks a significant shift towards luxury second homes, which are increasingly in demand. With its picturesque landscapes, improved infrastructure, and proximity to Mumbai, Alibaug is poised to become a prime residential area in the coming years.
Frequently Asked Questions
Who has recently invested in a 2002 sq ft property in Alibaug?
Kushal Tandon, a renowned Indian model and actor.
How much did Kushal Tandon pay for the property?
₹2 crore.
What is the name of the project where Kushal Tandon purchased the property?
Sol de Alibaug project by The House of Abhinandan Lodha (HoABL).
Why is Alibaug becoming a popular destination for second homes?
Alibaug's proximity to South Mumbai, improved connectivity, and government initiatives to enhance infrastructure have made it an attractive destination for second homes.
Who else has invested in the same project as Kushal Tandon?
Amitabh Bachchan and Kriti Sanon have also invested in the same project.
Related News Articles
Mumbai Real Estate Mogul Arrested for Rs 67.50 Crore Fraud Case
Ramesh Gowani, owner of Kamala Mills, arrested by Mumbai Police's Economic Offences Wing (EOW) for allegedly cheating a complainant of Rs 67.50 crore
Tellado Realty Transfers Hospitality Business to StayVista
Tellado, a prominent real estate developer in North Goa, has recently made a strategic move by transferring its hospitality business to StayVista. This move underscores the company's commitment to focusing on its core real estate projects, which include t
Ratan Tata's Enduring Legacy: Inspiring Real Estate Leaders and Beyond
Real estate industry leaders from Credai and NAREDCO pay tribute to Ratan Tata, praising his visionary leadership, ethical business practices, and commitment to social impact. His legacy continues to inspire generations of business leaders.
Signature Global to Invest Rs 4000 Crore on Two New Projects in Gurugram
Signature Global, a leading real estate developer, has announced plans to invest Rs 4000 crore in two new projects in Gurugram. The projects are expected to significantly boost the local economy and real estate market.
Pune Tops Indian Real Estate Market for Senior Living Homes: Credai-KPMG Report
A recent Credai-KPMG report highlights Pune's leading position in the Indian real estate market, particularly in the development of senior living homes. The report emphasizes the growing demand for well-being-focused housing for the elderly.
I-T Department Targets High Rollers with Luxury Lifestyles and Low Bank Statements
The Income Tax (I-T) Department in Mumbai has launched a crackdown on individuals who flaunt lavish lifestyles while showing minimal bank transactions. This initiative aims to uncover potential tax evasion and ensure fair financial practices in the real e