Mumbai-Based Real Estate Developer Partners with Esha Deol for Luxury Villa Project in Alibaug
The House of Abhinandan Lodha, a Mumbai-based real estate developer, has partnered with actor and interior design enthusiast Esha Deol for the design of its marquee luxury villa project in Alibaug. This collaboration further strengthens the coastal town's growing appeal among Bollywood celebrities.
About the Partnership
According to the company, the collaboration brings together a shared commitment to refined living, where design transcends function to become an experience rooted in emotion, elegance, and timeless sophistication.
- Shared Vision: The partnership is driven by a confluence of vision between HoABL's pursuit of elevated lifestyles and Esha Deol's intuitive design philosophy.
- Luxury Villa Project: The marquee project is envisioned as a sanctuary of curated living, seamlessly blending architecture, nature, and artistry.
Esha Deol on the Collaboration
"Design has never been a passing interest for me; it has always been an instinct. This collaboration with HoABL allows me to create spaces that evoke warmth, belonging, and understated luxury," said Esha Deol, daughter of Bollywood veteran Dharmendra.
Alibaug's Growing Appeal Among Bollywood Celebrities
The coastal town has been gaining popularity among Bollywood celebrities, with several high-profile purchases in recent months. Some of the notable buys include:
- Amitabh Bachchan: Purchased a 10,000 sq ft land parcel in April 2024 for ₹10 crore.
- Kriti Sanon: Purchased a 2,000 sq ft plot in July 2024 for an undisclosed amount.
- Suhana Khan: Purchased farmland in Thal village in February 2024 for ₹9.5 crore.
Real Estate Market in Alibaug
According to real estate consultants, property prices in Alibaug are currently around 20–30% of Mumbai's rates. The town offers options like apartments, bungalows, and plots for buyers. Here are some key statistics:
- Capital values of apartments: ₹15,000 to ₹17,000 per sq ft.
- Land prices:
- Agricultural plots: ₹3–5 crore per acre.
- Non-agricultural land: ₹8–10 crore per acre.
- Villa prices: ₹7–8 crore and ₹15 crore.
- Apartment prices: ₹1.5–5 crore.
- Rentals yield: 3–4% for villas and 1–1.5% for apartments.