Oberoi Realty Plans Development of Hotel and Villas on 81-Acre Alibag Plot
Mumbai-based Oberoi Realty has announced its plans to develop an 81-acre land parcel in Tekali, Alibag, Maharashtra. The real estate developer intends to create a high-end, luxury destination, featuring both a hotel or resort and residential villas. This move is part of the company’s strategy to enhance its portfolio of premium real estate projects.
The project will be spread across two distinct areas. On approximately 8.6 acres (or 34,803 square meters) of land, Oberoi Realty plans to construct a five-star hotel or resort. The floor space index (FSI) for this section is set at 30,000 square meters. The hotel will cater to high-net-worth individuals seeking a luxurious getaway with world-class amenities.
In addition to the resort, Oberoi Realty will develop branded residential villas on the remaining 72.45 acres of land. Around 150 luxury, fully serviced villas will be constructed, with a total FSI of about 1.2 lakh square meters. These villas will be designed to meet the growing demand for high-end real estate in the area, offering buyers a blend of privacy, modern amenities, and exclusive branding.
Oberoi Realty has already secured physical possession of the land and has executed an agreement with the landowners. Under the terms of this agreement, the landowners will receive compensation in the form of revenue and a share of the residential area in the project. This arrangement is in line with the developer’s approach to engaging with local stakeholders and ensuring mutual benefit.
The project comes at a time when the luxury real estate market in Maharashtra, particularly in areas like Alibag, is witnessing significant interest. Alibag, known for its scenic beauty and proximity to Mumbai, has become a preferred destination for high-end residential and leisure developments. With its tranquil surroundings and ease of access from Mumbai, Alibag continues to attract both investors and homebuyers looking for a second home or a weekend retreat.
Oberoi Realty’s development in Alibag is set to complement its existing portfolio of luxury and premium residential projects in Mumbai and other regions. The company’s expertise in delivering upscale real estate developments is expected to ensure the success of this new venture. The combination of a high-end resort and luxury villas will provide a unique offering in the Alibag market, further solidifying Oberoi Realty’s presence in the luxury segment.
The company’s decision to focus on high-end residential properties reflects the growing demand for premium homes in scenic locations. With an increasing number of affluent individuals looking for second homes or vacation properties away from the urban hustle, developments like this one are expected to perform well in the market.
While the project promises to bring significant growth to the region, it also signals a broader trend of urban expansion into previously less-developed areas like Alibag. Real estate developers are increasingly looking beyond city limits to capitalize on the demand for upscale living spaces in quieter, more scenic environments.
Oberoi Realty’s move into Alibag is expected to benefit from the region's appeal as a luxury destination. As more people seek out exclusive, well-developed retreats that offer a combination of comfort, convenience, and scenic beauty, the demand for such projects is likely to grow. Additionally, the strategic location of the project, with easy access to Mumbai, further enhances its attractiveness.
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