Manjrekar Sells Two Acre in Alibaug for ₹22.4 Crore

Former cricketer Sanjay Manjrekar has sold an approximately two-acre property in Alibaug, Maharashtra, to CarTrade Tech for ₹22.40 crore.

Sanjay Manjrekar sells 2-acre Alibaug property for ₹22.4 crore.

PROPERTY PULSE

Mumbai: Former Indian cricketer and television commentator Sanjay Manjrekar has sold an 8,050-sq-metre plot of land, measuring approximately two acres, in Alibaug, Maharashtra's Raigad district, for ₹22.40 crore. The transaction was registered on October 27, 2026, with online automobile marketplace CarTrade Tech Limited acquiring the property.

Located in Dhokawade village in Alibaug taluka, the property includes two residential buildings, according to registration documents.

The transaction attracted stamp duty of ₹1.344 crore and a registration fee of ₹30,000. Vinesh Mahabal Kukiyan, an authorised representative of CarTrade Tech, represented the company during the transaction.

CarTrade Tech operates platforms including CarWale, BikeWale, OLX India and Shriram Automall, with businesses spanning new and used vehicle sales and auctions. The company has not disclosed its intended use for the Alibaug property.

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Alibaug Attracts Luxury Property Investments

Located along the Maharashtra coastline near Mumbai, Alibaug has developed into a preferred destination for second homes, holiday residences and luxury villa projects. Its coastal setting and connectivity to Mumbai have contributed to growing interest among affluent homebuyers and investors.

Local brokers estimate apartment prices in the area at ₹15,000–17,000 per sq. ft. Agricultural land is reportedly priced at ₹3–5 crore per acre, while non-agricultural land commands around ₹8–10 crore per acre.

The region has also attracted investments from prominent personalities. Cricketer Virat Kohli and actor Anushka Sharma purchased more than five acres of land in January 2026 for ₹37.86 crore. Actor Amitabh Bachchan and Shah Rukh Khan's daughter Suhana Khan are among other celebrities associated with property investments in the region.

The latest transaction adds to Alibaug's profile as a premium real estate destination, with interest extending beyond individual holiday-home buyers to corporate and high-net-worth investors.