ALYF forays into Alibaug with the launch of holiday home fractional ownership projects

ALYF forays into Alibaug with the launch of holiday home fractional ownership projects

Having established their presence in the holiday home market of Goa and Lonavala, ALYF has now forayed into Alibaug as their next destination. They commenced their journey in this new location by initiating an apartment project alongside four luxury villas in the initial phase. Additionally, they have signed an MoU valued at Rs 100 crore for projects in the second phase, scheduled for completion within 18 to 24 months.

Talking about the growth potential of this market, Saurabh Vohara, Founder & CEO at ALYF, said, “We’ve maintained a keen interest in Alibaug, foreseeing significant growth over the next 4-5 years. It’s becoming an ideal destination to invest in a holiday home, particularly for Mumbai residents. A quick 20-minute drive gets you onto the Roro, allowing you to bring your vehicle, loved ones, and even your pet along. Besides this accessibility, there’s a substantial demand for short-term rentals in this area, yet the supply falls short, making this location an incredibly lucrative option with high potential for return on investment. ”

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Alibaug stands as an untapped destination brimming with immense potential. From the captivating coastal allure of its beaches to the scenic hills on the island, complemented by historical forts and delectable local cuisine, Alibaug boasts a rich array of attractions and has garnered considerable attention from affluent and Bollywood celebrities alike. The arrival experience is unparalleled, especially with the RORO – a 50-minute water journey or a quick 15-minute ride on speedboats from the iconic Gateway of India. Moreover, forthcoming infrastructural advancements like the Transharbour link road and the upcoming Navi Mumbai Airport are enhancing accessibility to this destination, not only for Mumbai residents but also for people across the country.

Moreover, Alibaug’s thriving food scene, complemented by its expanding social infrastructure, has significantly added to the growth of this destination. With the emergence of top-notch restaurants and cafes, including India’s first island Starbucks, gourmet delis, and pizzerias, Alibaug is already at the forefront when it comes to catching on to the F&B industry’s evolving trends.

“Our smart ownership model empowers individuals nationwide to invest in and profit from a flourishing destination like Alibaug. This innovative approach to real estate offers fully-managed assets at an attractive location, making it an ideal, hassle-free and exciting opportunity for people, especially millennials, to make their first investment while enjoying ownership benefits, upgrading their lifestyle and earning returns. Like we at ALYF say, this is the best way to Own, Enjoy & Earn from a holiday home,” said Vohara.