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Kriti Sanon Joins Bollywood Celebrities in Investing in Alibaug Real Estate

Team OpulnzAbode: 02-11-2024, 08:14: Read Time -1.2 mins

Bollywood star Kriti Sanon recently purchased a 2,000 sq ft plot in Alibaug, a sought-after coastal town near Mumbai, making her one of the latest celebrities to invest in this prime location. The property, located in the Sol de Alibaug project by The House of Abhinandan Lodha (HoABL), offers Sanon a peaceful retreat and a promising addition to her investment portfolio. The same project also attracted Amitabh Bachchan, who acquired a larger plot here just a few months earlier.

A New Milestone for Kriti Sanon

In a statement, Kriti Sanon expressed her excitement over securing the Alibag property, describing it as an “empowering journey.” She emphasized her specific goals for the purchase: seeking tranquillity, privacy, and strategic investment. The plot’s proximity to the Mandwa Jetty—a mere 20-minute distance—added to its appeal, allowing easy access to Mumbai while offering a serene environment.

“I was pretty clear about what I was looking for – privacy, peace, and a great investment addition to my portfolio,” shared Sanon. This sentiment highlights the growing trend among high-profile individuals to invest in second homes in Alibaug, a location cherished for its blend of natural beauty and accessibility.

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Amitabh Bachchan’s Investment in Alibag

Just a few months before Sanon’s purchase, Bollywood legend Amitabh Bachchan bought a 10,000 sq ft plot in the Sol de Alibaug project for a reported ₹10 crore. In addition to his Alibaug investment, Bachchan bought land in Ayodhya in HoABL’s prestigious project, The Sarayu, a high-end mixed-use enclave in the culturally rich temple town. Real estate insiders revealed that Bachchan’s Ayodhya property, measuring around 10,000 sq ft, was valued at ₹14.5 crore.

Alibaug Real Estate: A Rising Star in Luxury Investment

Alibag has long been a favourite destination among Bollywood celebrities, sports personalities, industrialists, and other affluent individuals seeking a retreat from Mumbai’s bustle. With its lush landscapes and coastal charm, Alibag is now more accessible than ever due to infrastructure developments such as the recently inaugurated Mumbai Trans Harbour Link (MTHL). This project has significantly reduced travel time, making Alibaug even more attractive to investors.

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Property Values and Investment Potential

According to Opulnz Abode, a prominent luxury real estate partner, Alibaug’s property prices vary widely based on the specific locality. Plot prices in Alibag range from ₹3,000 to ₹15,000 per sq ft. This price range, coupled with a rental yield of approximately 5-6% and an annual capital appreciation rate of around 12-15%, underscores the location’s appeal as a sound investment choice.

Conclusion

With stars like Kriti Sanon and Amitabh Bachchan choosing Alibaug for their real estate investments, the area’s popularity is set to grow even further. Its blend of natural beauty, connectivity to Mumbai, and lucrative investment potential makes Alibaug a prime destination for high-net-worth individuals seeking both luxury and value.