Yash and Radhika Pandit acquired two adjoining agricultural plots in Village Kamath, Taluka Alibag, Raigad district, registered May 18, 2026. Transaction price: Rs 24 crore. Stamp duty: Rs 1.44 crore. Registration charges: Rs 60,000. Document handling fees: Rs 5,200. Property size: approximately 5,289 square metres (0.5289 hectares). Valuation rate: Rs 3,750 per square metre. Location features: includes residential structure, direct coastal access, village road along eastern side, Arabian Sea on western edge, narrow lane on northern boundary leads to beach. Yash and Radhika primarily based in Bengaluru at Prestige Golfshire Duplex (estimated Rs 6-8 crore). Also own farmhouse in Karnataka. Alibag has become a luxury destination attracting celebrities; other notable owners include Shah Rukh Khan (Deja Vu Farms), Deepika Padukone and Ranveer Singh (near Kihim Beach, valued over Rs 22 crore), Virat Kohli and Anushka Sharma (eight-acre estate in Zirad with 4BHK villa), Suhana Khan (1.5-acre property in Thal village, Rs 12.91 crore), Amitabh Bachchan, Kartik Aaryan, and Kriti Sanon.

Population growth: Alibag's population grew from 2.36 lakh (2011 Census) to approximately 6 lakh, based on registered voters and observed growth. The 2021 Census data has not been updated.

Catalysts for growth: Covid-19 pandemic, launch of RoRo (Roll-on Roll-off) service between Mumbai and Mandwa, Atal Setu completion reducing driving time, and announcement of second bridge to Rewas transforming Alibag into year-round accessible destination.

Zoning changes: Land zoning shifted from Alibag Zilla Parishad (Category 1 and 2) to MMRDA authority, enabling higher Floor Space Index. Government collected ₹3,700 crore in stamp duty on land and property sales in two years.

Infrastructure challenges:

• Water: Single pipeline from Roha supplies only RCF industry; residents depend on wells and bore wells rapidly depleting. Seawater intrusion into aquifers. Town residents receive water one hour daily, four days weekly. New construction and summer months require tanker water.
• Roads: National Highway No. 4 from Mandwa jetty to Alibag town degraded to local road status with encroachments, inadequate for local and weekend traffic.
• Land: Low-lying black cotton soil farmland converted to residential via extensive land-filling, degrading soil and local vegetation.

Planned development: Hundred-acre townships planned by domestic and international developers; five-star hotels proposed; 25-storey towers planned near jetty.

Social concerns: Traditional hostility between Mumbai migrants and villagers; new tension between early settlers seeking peace and incoming urban populations.

Emaar India launched Casa Venero, a villa project in Alibag near Kihim Beach, with 84 villas across 25 acres. Unit prices range from ₹9 crore to ₹15 crore; sizes range from 3,314 to 5,120 sq ft. Total project revenue potential: ₹700 crore. Around 80% of buyers expected from Mumbai including South Mumbai; interest also from Dubai and Delhi. Located near Mandwa jetty with access to RORO ferry and speedboat services to South Mumbai. Emaar India plans ₹2,000 crore investment in Mumbai over coming years and is open to redevelopment projects and mid-to-luxury segment developments in localities including Bandra and Andheri. Company active in India since 2005 in Gurugram, Mohali, Indore, Lucknow, and Hyderabad.