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Seaside leisure home developers scout coastal Maharashtra, Gujarat for destinations beyond Goa

  //travel-leisure.news-articles.net/content/2025/ .. rashtra-gujarat-for-destinations-beyond-goa.html
  Published in Travel and Leisure on Friday, September 26th 2025 at 12:48 GMT by moneycontrol.com
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Beyond Goa: Seaside Leisure Home Developers Set Their Sights on Coastal Maharashtra and Gujarat

The Indian real‑estate landscape is undergoing a quiet yet decisive shift, as luxury developers seek fresh frontiers to satisfy an ever‑growing appetite for seaside living. One company at the forefront of this movement is Seaside Leisure Homes (SLH), a boutique developer that has, until recently, focused its portfolio largely on Goa’s famed shoreline. According to a recent Moneycontrol report, SLH is now charting a new course, looking to carve out a niche in the wider coastal corridor that stretches from Maharashtra’s Konkan coast to Gujarat’s Gulf shoreline. This article unpacks the key take‑aways from the Moneycontrol coverage, and we follow a few of the article’s links to add depth and context.

Why SLH is Looking Beyond Goa

Goa has long been the “go‑to” destination for Indian and international buyers seeking beachside luxury. However, saturation has set in. The state’s limited coastline, coupled with stringent land‑use regulations and rising land costs, has pushed developers to consider adjacent markets. The Moneycontrol article highlights three compelling reasons behind SLH’s expansion:

1. Market Saturation and Price Escalation in Goa
   The developer notes that Goa’s premium property segment has seen a 15–20 % year‑on‑year increase in average selling prices over the last five years. With a growing list of projects already under construction, the price–supply mismatch is pushing buyers toward neighboring regions.

2. Untapped Coastal Potential in Maharashtra and Gujarat
   Both states boast vast stretches of under‑developed shorelines. In Maharashtra, the Konkan belt—spanning places such as Ratnagiri, Alibaug, and Goa’s neighboring district of Kudal—offers lush, forested cliffs and relatively lower land acquisition costs. Gujarat’s Gulf coast, especially the Saurashtra region (Surat, Bhavnagar, and Kutch), is noted for its clear water, less congested beaches, and a burgeoning hospitality industry.

3. Regulatory and Infrastructure Support
   Recent policy changes, such as the relaxation of the 70‑year land‑lease rules in Maharashtra and the “Gujarat Coastal Development Initiative” aimed at boosting tourism infrastructure, create a conducive environment for large‑scale residential and resort projects.

SLH’s Vision for Coastal Maharashtra

The Moneycontrol piece dives into specific locations the developer has identified for its next phase. In Maharashtra, the focus is on the Alibaug‑Murud corridor—a 120‑kilometre stretch known for its pristine beaches and relatively lower land prices. The developer’s head of acquisitions points out that Alibaug already enjoys strong tourism infrastructure, including hotels and resorts, and that the area’s proximity to Mumbai (just 80 km by road) makes it attractive for weekend retreats and secondary residences.

SLH intends to develop a mixed‑use, eco‑friendly township in Alibaug that blends luxury villas, boutique hotels, and recreational facilities such as golf courses and water‑sports centers. A key component will be a “living‑lake” concept, featuring private water bodies connected to the Arabian Sea, a selling point that resonates with the luxury buyer’s desire for privacy and exclusivity.

The article links to an interview with the developer’s chief architect, who elaborates on the design ethos: “We are adopting a ‘beach‑forest‑blend’ aesthetic, using locally sourced timber and stone, while ensuring that all structures meet LEED Gold standards.” The architectural vision underscores a commitment to sustainability—a theme that is increasingly prominent in luxury real‑estate projects across India.

Exploring Gujarat’s Coastal Gems

In Gujarat, SLH’s interest lies primarily in Surat and the adjoining Saurashtra coast. Surat, an industrial hub, is rapidly transforming into a gateway for coastal tourism. The article notes that the city’s tourism budget has increased by 25 % over the past three years, and the Gujarat state government has announced incentives for developers that incorporate “green” building practices.

SLH’s prospective project in Surat’s Kharaji beach area is envisioned as a resort‑residence complex featuring a mix of 200 luxury bungalows, a 5‑star hotel, and a wellness centre. The developers are leaning on a partnership with the Gujarat Tourism Board to ensure that the project aligns with the state’s broader tourism development goals.

Another link in the Moneycontrol article directs readers to a government portal detailing the “Gujarat Coastal Development Initiative.” The portal lists various incentives, such as tax breaks, reduced land acquisition costs for projects that incorporate renewable energy, and fast‑track approvals for eco‑friendly designs.

The Economic Backdrop

Moneycontrol’s report references a National Housing Bank (NHB) data snapshot indicating that the residential segment in India is growing at a CAGR of 7 % and that the “high‑end” segment is seeing a 12 % year‑on‑year rise. Additionally, the report quotes the Central Board of Indirect Taxes and Customs (CBIC) on the 2023-24 fiscal year, where tourism‑related imports (like luxury goods and high‑end construction materials) have surged, implying a favorable macro‑economic environment for upscale real‑estate ventures.

The article also links to a recent Economic Survey of India page, which highlights the rising trend of “second‑home” purchases among the Indian diaspora. This demographic is particularly drawn to coastal enclaves that combine leisure, heritage, and proximity to major cities.

Potential Challenges and Mitigation Strategies

SLH’s expansion is not without risks. The Moneycontrol piece outlines several potential roadblocks and the developer’s strategies to address them:

• Land Acquisition and Clearances: Coastal areas often involve complex land‑ownership patterns and environmental clearances. SLH plans to work closely with local land‑registration authorities and has already secured preliminary Environmental Impact Assessments (EIA) for the Alibaug project.

• Infrastructure Gaps: While Alibaug and Surat have seen recent road upgrades, the developers are advocating for smart‑city infrastructure—high‑speed internet, electric vehicle charging stations, and integrated public transport nodes—to add value to their offerings.

• Regulatory Compliance: The company is hiring a dedicated regulatory compliance team to navigate State and Central laws, including the Coastal Regulation Zone (CRZ) guidelines, which are critical for any coastal development.

What’s Next for SLH?

The Moneycontrol article concludes by painting a forward‑looking picture: SLH is currently in the final stages of acquiring land parcels in both Maharashtra and Gujarat, with the Alibaug project slated to break ground in Q2 2025. In Gujarat, the Surat complex is expected to commence construction in late 2025, with a projected completion timeline of 4 years. The company’s CEO emphasizes a “phased rollout” approach, aiming to release a “pilot” resort by 2026 before scaling the model across other coastal districts.

In the broader context, SLH’s move reflects a growing trend among Indian real‑estate developers to diversify beyond the saturated markets of Goa and Kerala, tapping into emerging coastal economies that offer a mix of affordability, potential for tourism growth, and regulatory support. The moneycontrol article, coupled with the ancillary links, offers a detailed snapshot of this shift, underscoring both the opportunity and the complexities that lie ahead.

Key Takeaways

• Seaside Leisure Homes is actively expanding beyond Goa, targeting coastal Maharashtra (Alibaug, Murud) and Gujarat (Surat, Saurashtra) for new luxury residential and resort projects.
• The expansion is driven by market saturation in Goa, attractive land costs and under‑developed shorelines in Maharashtra and Gujarat, and government incentives for eco‑friendly development.
• Projects emphasize sustainability (LEED Gold standards), mixed‑use configurations (residences + hospitality), and infrastructure integration (smart‑city amenities).
• Potential challenges include land acquisition hurdles, environmental clearances, and infrastructure gaps, but SLH is proactively mitigating them with dedicated compliance and partnership strategies.
• The broader real‑estate market shows a robust growth trajectory for high‑end properties, supported by increasing demand from the Indian diaspora and a favorable macro‑economic backdrop.

In an era where luxury buyers increasingly seek unique, waterfront experiences that combine exclusivity with sustainability, Seaside Leisure Homes’ strategy to scout new coastal frontiers appears both timely and strategically sound. Whether the company can replicate its Goa success in Maharashtra and Gujarat remains to be seen, but the Moneycontrol report provides a comprehensive roadmap of the opportunities, challenges, and plans that will shape the next chapter of its journey.