Traditionally, real estate investment in India has been concentrated in metro cities, particularly the Mumbai Metropolitan Region (MMR) and the National Capital Region (NCR). However, evolving buyer preferences and enhanced infrastructure are encouraging investors to explore destinations beyond major urban centers. Among the emerging hotspots, Alibaug, Lonavala, and Khandala have gained significant traction, offering luxury living amidst natural serenity.
According to Magicbricks Insights, over 13% of Alibaug’s current residential supply is priced above Rs 3 crore, up from 23% a year ago, indicating an accelerated uptake in 2024. Similarly, in Lonavala and Khandala, more than 50% of residential supply is valued over Rs 3 crore, a shift from 75% at the beginning of 2024, reflecting active investor participation in these premium locations.
These destinations have become ideal for both leisure homebuyers and long-term investors, offering a blend of exclusivity, tranquility, and capital appreciation. The rising demand for luxury villas, premium plotted developments, and beachfront properties signals a clear shift in investor sentiment toward scenic, high-value locales beyond Mumbai.
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The platform further elaborated that in 2024, residential properties in Alibaugh appreciated 13.8% to an average of Rs 9860 psf. Average prices in Lonavala and Khandala were observed to be Rs 12011 psf.
Alibaug, known for its pristine beaches and tranquil environment, has become a favored destination for high-net-worth individuals seeking premium homes. Improved connectivity, including upcoming infrastructure projects, has further boosted its appeal.
Meanwhile, Lonavala is witnessing increased demand for vacation homes, driven by its pleasant climate, proximity to Mumbai and Pune, and expanding luxury real estate market. The development of gated communities, premium villas, and wellness retreats is attracting both investors and second-home buyers.
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