Kriti Sanon has secured a premium property in the upscale coastal town of Alibaug. Sanon’s recent acquisition, a 2,000 sq ft plot valued at over ₹2 crore, forms part of a prestigious development project by The House of Abhinandan Lodha (HoABL).
This purchase situates her in close proximity to legendary actor Amitabh Bachchan, who acquired a 10,000 sq ft plot in the same area earlier this year. Alibaug has swiftly become a sought-after destination for high-net-worth individuals (HNIs) seeking luxury retreats and strategic investment opportunities. Its close proximity to Mumbai, coupled with robust infrastructure and scenic coastal landscapes, has spurred a significant increase in demand for high-end properties. The recent inauguration of the Mumbai Trans Harbour Link (MTHL) has further improved connectivity, enhancing the appeal of Alibaug for affluent investors.
The HoABL project in Alibaug offers a unique blend of natural beauty and modern amenities. As per the development plans, the company will oversee the creation of sewerage and stormwater drainage systems, while the construction of individual properties will be the responsibility of plot owners, adhering to the regulations set by local authorities and the state government. Upon receipt of the Occupation Certificate (OC), a society will be formed for the 20-acre development, which includes over 150 plots ranging from 2,000 to 5,000 sq ft. The project boasts two clubhouses and a natural water stream, adding to its allure. The plots are strategically positioned along the main road, enhancing accessibility.
Earlier this year, Amitabh Bachchan made headlines with his purchase of a 10,000 sq ft land parcel from HoABL for ₹10 crore, now valued at ₹14.5 crore. This transaction further underscores the rising value and desirability of properties in this exclusive enclave. The investment by Kriti Sanon highlights the growing trend among celebrities and HNIs to seek tranquil yet luxurious retreats within accessible distance from Mumbai. Her choice of Alibaug, renowned for its pristine beaches and serene environment, reflects a broader trend in the real estate market where premium locales are gaining prominence as both residential and investment hotspots.
Sanon’s entry into Alibaug’s elite neighbourhood not only enhances her personal real estate portfolio but also signifies the escalating demand for premium plots in this coastal town. As infrastructure developments continue and the market for luxury properties expands, Alibaug is poised to maintain its status as a premier destination for high-end real estate investments.
