Oberoi Realty to Build 150 Luxury Villas and Resort in Alibaug
Oberoi Realty, known for its luxury real estate developments, has secured a deal to develop a vast 81.05-acre plot of land in the scenic coastal village of Tekali, Alibaug. The project, aimed at meeting the growing demand for high-end residential and leisure properties, will consist of both an exclusive luxury resort and a collection of branded residential villas.
Alibaug, a coastal town near Mumbai, has become increasingly popular among affluent buyers seeking second homes or luxury retreats. Its proximity to the city, combined with its serene environment, has made it an attractive destination for those looking to escape the urban hustle. Oberoi Realty’s development is expected to capitalize on this trend by offering a combination of luxury and privacy in a tranquil setting. The first component of the project will be a luxury star hotel and resort, which will occupy approximately 8.6 acres of the total land area. The resort will feature a range of world-class amenities, including luxury accommodations, spa services, fine dining, and premium recreational facilities, all designed to cater to affluent travelers seeking an exclusive experience. The hotel will utilize a Floor Space Index (FSI) of around 30,000 square meters, ensuring ample space for top-tier resort features.
The remaining 72.45 acres will be dedicated to the development of approximately 150 fully serviced, branded residential villas. These villas will be designed with high-net-worth individuals in mind and will offer large, luxurious homes equipped with state-of-the-art facilities. The villas will occupy around 1,20,000 square meters of FSI, offering expansive spaces and privacy, ideal for those desiring a retreat away from the city. The project will follow a revenue-sharing model with the landowners, wherein they will receive compensation based on the profits generated from the residential component of the development. This arrangement ensures a flexible and mutually beneficial partnership between Oberoi Realty and the landowners. With its luxurious offerings, Oberoi Realty’s development is poised to further elevate Alibaug’s status as a premium destination for high-end living. The project is expected to draw significant interest from both investors and luxury homebuyers, contributing to the transformation of the region into a hub for exclusive residential and leisure developments.
