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Real estate developer Runwal Enterprises has secured a 200-acre land parcel in the coastal town of Alibaug, situated near Mumbai. This acquisition is part of a ₹20,000 crore integrated township project authorized under the Maharashtra Regional and Town Planning (MR&TP) Act of 1966, which regulates large-scale and mixed-use developments in the region.
Led by Subodh Runwal, the firm aims to roll out a project that incorporates both residential and commercial facets. Plans include a five-star hotel and social amenities like a golf course, subject to compliance with planning regulations and infrastructure commitments.
The initiative, anticipated to yield around 20 million sq ft of development, is slated for completion over seven years.
“With the government prioritizing infrastructure, Alibaug has become a sought-after location for residential and mixed-use projects, offering seamless connectivity to Mumbai along with a picturesque and sustainable living environment,” remarked Subodh Runwal, director of Runwal Enterprises. “We intend to invest approximately ₹9,000 crore in this project, adhering to global standards on this expansive coastal land.”
The gross development value is projected at ₹20,000 crore, encompassing land acquisition costs, construction, and necessary approvals. The development will occur in multiple phases, aligning investments with approvals, construction schedules, and market demand instead of a one-time upfront payment.
The land acquisition strategy combines an initial payment with a space-sharing agreement with the landowner, a privately owned company. This structure allows a portion of the compensation to be settled through a share in the developed real estate instead of a cash-only approach, according to Runwal.
Such hybrid arrangements are increasingly popular in significant land transactions, enabling developers to conserve capital while aligning the interests of landowners and project developers throughout the duration of the project.
Alibaug has long been a favorite retreat for affluent Mumbai residents, but it is now attracting more developers thanks to better connectivity. Improvements in infrastructure, including upgraded road access and enhanced ferry services, have shortened travel times to Mumbai, broadening its appeal for larger residential and mixed-use initiatives beyond merely holiday homes.
Projects under the MR&TP Act require developers to manage internal infrastructure—such as roads, water supply, drainage, and open spaces—and in exchange, receive planning flexibility, increased development potential, and the ability to phase construction over an extended timeline.
Large township projects are gaining traction as developers pursue scale, long-term predictability, and regulatory assurance. Unlike stand-alone residential initiatives, these projects offer the ability to diversify product lines and time launches according to market demand, while fostering self-sustained urban clusters.
Runwal Enterprises’ Alibaug township adds to an expanding pipeline of large developments surrounding Mumbai, as developers scout opportunities beyond the city’s central markets.
This acquisition arrives during a period when developers are being discerning about land purchases, favoring phased investments and development-linked compensation structures.
Industry experts note that township projects deliver planning benefits and long-term scalability, with execution influenced by approval timelines, infrastructure development, and demand visibility across multiple market cycles.
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