Runwal Buys 200 Acres in Alibaug for Rs. 20,000 Cr Mega Township

Real estate developer Runwal Enterprises has acquired 200 acres of land in Alibaug near Mumbai to launch a Rs. 20,000 crore integrated township project, marking one of the largest such developments in the region.

The Runwal Alibaug mega township will be executed under the Maharashtra Regional and Town Planning (MR&TP) Act, 1966, which enables large-format, mixed-use real estate developments.

The masterplan for the Runwal integrated township project spans approximately 20 million sq ft of total development potential and is expected to be built over a seven-year period.

Key Highlights

• Runwal secures 200 acres in Alibaug for a Rs. 20,000-Cr integrated township
• Project to include residential, commercial, hotel, and golf facilities
• Development to unfold across 20 million sq ft over seven years

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It will feature a mix of residential and commercial spaces, social infrastructure, a five-star hotel, and a golf course, subject to regulatory approvals. Director Subodh Runwal said the company is planning to invest around Rs. 9,000 crore into the development itself, with the remaining gross development value coming from future sales and infrastructure.

The land acquisition was structured using a hybrid payment model, combining upfront payments with a space-sharing arrangement with the landowner. This approach helps conserve capital while aligning both parties’ long-term interests, a trend increasingly seen in high-value real estate deals.

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Alibaug’s real estate appeal has been rising due to improved connectivity with Mumbai and enhanced infrastructure, making it attractive for large-scale residential and mixed-use developments beyond its traditional reputation as a weekend getaway. The Rs. 20,000 crore Alibaug real estate project by Runwal highlights growing developer interest in coastal townships around Mumbai.