The Truth About Alibaug


wealthymatters

The following is penned by Sunita. I share her views on the new real-estate developments in Alibaug.Most are poor buys if you wish to live there yourself.

With everyone who is anyone in Bombay having a second home at Alibag, it has become almost de rigeur for anyone who wants to be someone to have a house over there. However, ever since the tsunami struck the Indian coastline way back in December 2004, our government has woken up to the fact that this too is a possible disaster and the Ministry of Environment & Forests have come up with Coastal Zoning Regulation which prohibit the construction of any dwelling up to 500 m of the coast. This meant that all those beach front houses are a thing of the past and anyone who wants a beach front property will have to make sure it is at least a km deep into the coastline so that a beach shack can be built. Of course it helps if the property already has a dwelling in place, a ramshackle hut notwithstanding, as any existing authorised structure will enable the new buyer to ostensibly repair the old existing ruin and make a swanky new beach house which will be the envy of all who see it. Read more of this post

%d bloggers like this: