fortuneindia.com-As metro housing sales dip, Alibaug and Lonavala shine in luxury realty
Alibaug, Lonavala, and Khandala have gained significant traction among the emerging real estate hotspots, offering luxury living, according to real estate platform Magicbricks Insights. As real estate investments remain largly concentrated in metro cities, particularly the Mumbai Metropolitan Region (MMR) and the National Capital Region (NCR), evolving buyer preferences and enhanced infrastructure are encouraging investors to explore destinations beyond major urban centres, says the report.
Over 13% of Alibaug’s current residential supply is priced above ₹3 crore, up from 23% a year ago, indicating an accelerated uptake in 2024, the Magicbricks data shows. Similarly, in Lonavala and Khandala, more than 50% of residential supply is valued over ₹3 crore, a shift from 75% at the beginning of 2024, reflecting active investor participation.
