MTHL to Drive Investments in Resort Homes in Alibaug, Maharashtra

The Mumbai Trans Harbour Link (MTHL) is poised to bring about a significant transformation in the investment landscape for resort homes in Alibaug. With a length of 22 km, this sea bridge is anticipated to drastically reduce the travel time between Mumbai and Alibaug to approximately 45 minutes, rendering Alibaug an exceptionally attractive investment destination.

Several factors contribute to the growing appeal of Alibaug for investments in resort homes. Firstly, the enhanced connectivity facilitated by the MTHL stands out as a major attraction. The bridge, coupled with improved ferry services, will enhance accessibility to Alibaug from Mumbai, solidifying its position as a prime investment location. Secondly, the government of Maharashtra is making substantial investments in Alibaug’s infrastructure, encompassing areas such as public transportation, water supply, and waste management, as part of the Alibaug Smart City project. This infrastructural progress is expected to elevate the standard of living in the region, consequently bolstering the real estate market.

A previous survey conducted by Savills India indicated that up to 70 percent of respondents expressed an interest in investing in a second home priced at INR 2 crore or less within the next two years. Furthermore, 29 percent expressed a desire to invest in popular second-home destinations in Maharashtra. According to the survey, net yields of Maharashtra properties have consistently fallen within the range of 4-6 percent.

Commenting from the investment perspective, Dr. Sachin Chopda, Managing Director, Pushpam Group said, “We have recently started the construction of our new resort home Balibaug at Alibaug. We are constructing serviced villas and apartments here and the response that we have seen is commendable. There has been a surge in demand due to the MTHL and other ongoing infra projects in the MMR. The second-home markets near Mumbai such as Alibaug and Karjat may become first-home destinations in the next seven to 10 years due to the impact that these infra projects will create. Our simple value proposition is higher rental yield considering real estate is an appreciating asset and not a liability for investors.”

Alibaug’s natural beauty, with its sandy beaches and lush landscapes, has long made it a popular destination for weekend getaways among Mumbai residents. With the development of new hospitals, international schools, and additional RO-RO vessels and water taxi services, Alibaug is transforming into one of the most sought-after lifestyle destinations.

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