India, May 30 -- Alibaug's real estate market is expected to witness strong appreciation across segments over the next five to six years, with land values projected to grow 3x to 3.5x, villa prices expected to rise 2x to 2.5x, and apartment values likely to increase 1.6x to 1.8x, driven by infrastructure upgrades, rising demand and growing investor interest, according to a report by Liases Foras, a non-brokerage real estate firm.

According to the report, the villa value is expected to grow by 2x to 2.5x in the next five to six years. Between 2018 and 2025, the number of developers in the market increased from four to 17, while the number of projects rose from four to 18.

The report said the average carpet area rate of villas steadily ap...