Lodha Alibaug marks the entry of Lodha Group into the Mandwa peninsula, the stretch of Alibaug's coastline that has become the arrival point for Mumbai's second-home buyers. Just a breezy 20-minute speedboat ride from South Mumbai and only 5 minutes from Mandwa Jetty, Lodha Alibaug is positioned as a private sanctuary embraced by nature, yet seamlessly connected to the city's vitality. The project is located near Mandwa Jetty, with close proximity to Mandwa Beach and South Mumbai, and is positioned as a residential property in Alibaug with seamless connectivity.
Lodha Alibaug is registered under MahaRERA registration number P52000078856, available on the MahaRERA website under registered projects. Construction has moved from planning to execution: New Consolidated Construction Company Limited has secured a contract worth ₹112.50 crore for the construction of the first residential tower in Lodha's development in Mandwa, Alibaug, covering the construction of Tower 1 and associated ancillary structures with a total built-up area of approximately 7.26 lakh sq. ft. The project spans 7.26 lakh sq. ft. with a G+3 podium and 35 upper floors, scheduled for a 24-month execution starting mid-January 2026. This is notable in itself: the contract marks NCCCL's third engagement with Lodha Group, a Mumbai-based construction firm established in 1946.
Reported configurations at the site include premium 3, 4, and 5 BHK residences along with exclusive lake townhouses, designed for buyers seeking a luxury coastal lifestyle close to Mumbai, with pricing reported to start at approximately ₹10.8 crore onwards, varying by configuration and unit size.
The economics of Mandwa have changed in the last three years, and that is central to why a developer of Lodha's scale is deploying capital there. The M2M Ferries RoPax service between Bhaucha Dhakka in Mumbai and Mandwa Jetty in Raigad runs seven days a week, carrying up to 500 passengers and 150 vehicles, with a journey time of approximately 60 to 90 minutes, far shorter than the 3-4 hour road journey via Panvel and Pen. This has directly moved property values: plots near Mandwa, Zirad, and Awas have appreciated 30-35% in just the last 2-3 years, directly correlating with bridge construction and ferry upgrades. The broader Alibaug residential market clocked approximately 13.8% YoY appreciation in 2024, and prices per square foot crossed ₹10,000 in 2025. Within the belt, Mandwa and Awas are preferred for immediate proximity to the ferry pier, while Zirad and Kihim are known for lush greenery and established luxury villa clusters — the same corridor Lodha Alibaug sits within.
The developer bringing this project to Mandwa is not a new entrant to Indian real estate. Mangal Prabhat Lodha founded the group in Mumbai in 1980, starting off by building middle-class homes in Mumbai's far-flung suburbs, before the business expanded under the next generation. The company has delivered more than 60,000 homes in over 40 projects, and went public through an IPO in 2021 under CEO Abhishek Lodha. Its portfolio includes developments like World One, the world's tallest residential tower at 442 metres in Mumbai, Lodha Park, Trump Tower Mumbai, Palava City, a smart township in Dombivli, and London ventures like No.1 Grosvenor Square. It has developed residential and commercial properties in Mumbai, Thane, Hyderabad, Pune, Bengaluru and London. Lodha Alibaug represents the same organisation's first sustained push into the Mumbai-adjacent second-home segment, applying township-scale execution — evident in the multi-tower, phased construction already underway at Mandwa — to a category historically dominated by smaller villa developers.
For decades Alibaug was a quiet weekend retreat, but what was once a seasonal getaway has transformed into a destination for primary residences and high-end investments, with the Mumbai-Alibaug ferry network effectively turning the Arabian Sea crossing into a roughly 60-minute commute. Buyers evaluating Lodha Alibaug are typically weighing it against the wider Mandwa-Kihim-Zirad belt, where many homeowners see rental yields of up to 5% via managed villa platforms, as the staycation trend remains robust year-round. The presence of a listed, IPO-backed developer building at institutional scale in this belt is itself a signal of how far the micro-market has moved from its farmhouse-and-plot origins toward organised, RERA-registered residential product.
