Why Alibaug is the Go-To Destination for Bollywood Stars and High Net Worth Individuals
From Kriti Sanon to Amitabh Bachchan, find out why Alibaug is the preferred choice for second homes and investments in real estate.
Alibaug Real EstateSecond Home DestinationBollywood StarsKriti SanonAmitabh BachchanThe House Of Abhinandan LodhaReal EstateJul 16, 2024
The Sol de Alibaug project, where Kriti Sanon has invested, is the same project where Amitabh Bachchan had bought a 10,000 sq ft plot three months ago. This is not the only connection between the two Bollywood stars, as they both share a passion for real estate investment. Bachchan had also bought a land parcel from HoABL in Ayodhya in its project The Sarayu, a 7-star mixed-use enclave coming up in the temple town.
So, what makes Alibaug an attractive destination for these high-profile individuals? For one, its proximity to Mumbai makes it an ideal weekend getaway. The recently inaugurated Mumbai Trans Harbour Link (MTHL) has further enhanced connectivity to Alibaug, making it accessible in just 20 to 30 minutes from the Mandwa Jetty and around two hours from Mumbai.
In addition to its scenic beauty and convenient location, Alibaug also offers attractive investment opportunities in the real estate sector. According to local brokers, prices of plots in Alibaug range from ₹3,000 to ₹15,000 per sq ft depending on the locality. The rental yield is in the range of 5-6%, and the capital value appreciation per annum is around 12-15%.
Kriti Sanon's investment in Alibaug is a testament to the area's growing popularity. In a statement, she said,
Frequently Asked Questions
Why is Alibaug a popular destination for Bollywood stars?
Alibaug's proximity to Mumbai, scenic beauty, and convenient location make it an ideal weekend getaway for Bollywood stars.
What is the price range of plots in Alibaug?
The prices of plots in Alibaug range from ₹3,000 to ₹15,000 per sq ft depending on the locality.
What is the rental yield in Alibaug?
The rental yield in Alibaug is in the range of 5-6%.
What is the capital value appreciation per annum in Alibaug?
The capital value appreciation per annum in Alibaug is around 12-15%.
Who is the developer of the Sol de Alibaug project?
The Sol de Alibaug project is developed by The House of Abhinandan Lodha (HoABL).
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