In 2019, SILA in partnership with JCK group and Top-Notch Realty announced the launch of the first-ever gated villa and condo project in Alibaug. Within 3 years of launching, the project marked a record with 95% inventory sold before project completion. Spread across 7 acres in the locality of Saral, Alibaug, Inner Circle offers a contemporary sense of community living with the convenience of comprehensive facility management.
Owing to the demand and viability of Alibaug as an area, a new phase of the Inner Circle project it set to launch in early 2023. As a part of the new phase, there will be 40+ condos spread over 3 acres. Talking about phase II, Sahil Vora, Founder, of SILA, said, “Inner Circle marked our entry in one of the most sought-after micro markets in the MMR region. The first phase project benefited from the strong demand for second homes during the pandemic. We’re excited to launch the second phase and given the demand; we are certain that this too will be welcomed by buyers across the spectrum. At SILA, we only take on projects after comprehensive due diligence and guarantee a good value to customers”
Pinakin Patel, who also worked as the Principal Architect on the project, added, “With Inner Circle, we wanted to cater to a refreshing lifestyle in Alibaug. Inner Circle is not just another project, it is one that aims at evoking a sense of community. The project is designed keeping the needs of today’s buyers in mind – with equal attention to the space allocated indoors as well as outdoors; Inner Circle proves to be a perfect choice for the ones who love luxury with a touch of functionality. With beautiful landscapes surrounding the project, we are certain our next phase will witness equal demand from customers”
With land prices have risen by over 100% in the last 3 years in most villages across Alibaug, the micro market has emerged as a top choice amongst investors. Multiple beaches, beautiful treks, and more recently, alluring bistros and local stores have made this island town great for weekend vacationers, those looking to invest in holiday homes, and soon a first home market has given to the great increase in accessibility because of the latest developments by the government.