{"id":3740,"date":"2026-10-31T08:18:09","date_gmt":"2026-10-31T08:18:09","guid":{"rendered":"https:\/\/www.indextap.com\/blog\/?p=3740"},"modified":"2026-10-31T08:18:09","modified_gmt":"2026-10-31T08:18:09","slug":"sanjay-manjrekars-alibaug-land-sold-to-cartrade-tech-for-%e2%82%b922-40-crore","status":"publish","type":"post","link":"https:\/\/www.indextap.com\/blog\/sanjay-manjrekars-alibaug-land-sold-to-cartrade-tech-for-%e2%82%b922-40-crore\/","title":{"rendered":"Sanjay Manjrekar’s Alibaug Land Sold to CarTrade Tech for \u20b922.40 Crore"},"content":{"rendered":"\n

Former Indian cricketer Sanjay Manjrekar’s property deal involves the sale of an 8,050 sq m land parcel in Alibaug to CarTrade Tech Limited for \u20b922.40 crore. Located in Dhokawade village, Raigad district, Maharashtra, the property also includes two existing residential structures. The transaction was registered on October 27, 2026, according to property registration documents accessed by CRE Matrix<\/a>. The deal also includes two existing residential structures on the land.

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The buyer operates several digital automotive marketplaces, including CarWale, BikeWale, OLX India and Shriram Automall. The purchase marks a notable land transaction involving a company known for its automotive marketplace business. However, the registration documents do not disclose how CarTrade Tech plans to use the property.<\/p>\n\n\n\n

Inside the Dhokawade Land Sale: Area, Buyer and Registration Details<\/h2>\n\n\n\n

The property covers 8,050 sq m in Dhokawade village, Taluka Alibaug, in Raigad district. It includes two residential structures that already stand on the land. CarTrade Tech Limited acquired the property from Manjrekar for a total consideration of \u20b922.40 crore.<\/p>\n\n\n\n

The transaction was registered on October 27, 2026. The buyer paid \u20b91.344 crore in stamp duty, along with \u20b930,000 in registration fees. Vinesh Mahabal Kuckian signed the transaction as CarTrade Tech’s authorised signatory.<\/p>\n\n\n\n

The land area works out to approximately 86,597 sq ft. Based on the total consideration, the deal value comes to around \u20b92,587 per sq ft of land area. This is an indicative calculation based on the overall consideration and does not represent a separate valuation of the two residential structures.<\/p>\n\n\n\n

What Makes This Property Deal Notable?<\/h2>\n\n\n\n

CarTrade Tech’s business mainly focuses on digital automotive marketplaces. Its platforms connect buyers and sellers through vehicle listings, auctions and online automotive services. The company’s purchase of a sizeable land parcel in Alibaug therefore stands out from its usual business activity.<\/p>\n\n\n\n

The registration documents confirm the transaction value and property details. However, they do not mention whether the company plans to use the existing structures, develop the land or hold it as an investment. Any specific claim about the property’s future use would therefore be premature.<\/p>\n\n\n\n

How Does the Deal Compare with Property Prices in Alibaug?<\/h2>\n\n\n\n

Property prices in Alibaug vary depending on the location, land classification and type of property. Local broker estimates place apartment prices between \u20b915,000 and \u20b917,000 per sq ft. Agricultural land generally ranges from \u20b93 crore to \u20b95 crore per acre.<\/p>\n\n\n\n

Non-agricultural land has higher estimated rates, ranging from \u20b98 crore to \u20b910 crore per acre. These figures offer a broad view of property prices in Alibaug, rather than fixed rates across the region. Factors such as road access, development permissions and proximity to key locations can influence property values.<\/p>\n\n\n\n

Sanjay Manjrekar’s property deal involves an 8,050 sq m land parcel with two existing residential structures. The total consideration of \u20b922.40 crore reflects the value recorded for the complete property. However, it should not be directly compared with apartment rates or smaller land parcels without considering differences in property type and size.<\/p>\n\n\n\n

Why Is Alibaug Famous For?<\/h2>\n\n\n\n

Why is Alibaug famous for? The coastal town is known for its beaches, scenic surroundings and popularity as a weekend destination near Mumbai. Its appeal also comes from the availability of larger land parcels and residential properties. These factors have made Alibaug a preferred location for people exploring second homes and holiday properties outside Mumbai.<\/p>\n\n\n\n

Connectivity further supports Alibaug’s appeal among property buyers. By road, the destination takes approximately three to four hours from Mumbai via the Mumbai\u2013Goa Highway. Buyers can also use the Ro-Ro ferry service between the Gateway of India and Mandwa Jetty, which takes around 45 minutes. This gives visitors another travel option and makes the coastal destination more accessible from Mumbai.<\/p>\n\n\n\n

The combination of coastal surroundings and access to Mumbai keeps Alibaug relevant in property searches. Buyers exploring Alibaug real estate often consider factors such as location, connectivity, land classification and development potential before making a decision. Manjrekar’s transaction brings further attention to the area’s land market, although the buyer’s intended use remains undisclosed.<\/p>\n","protected":false},"excerpt":{"rendered":"

Former Indian cricketer Sanjay Manjrekar’s property deal involves the sale of an 8,050 sq m land parcel in Alibaug to CarTrade Tech Limited for \u20b922.40 crore. Located in Dhokawade village, Raigad district, Maharashtra, the property also includes two existing residential structures. The transaction was registered on October 27, 2026, according to property registration documents accessed […]<\/p>\n","protected":false},"author":1,"featured_media":3741,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-container-style":"default","site-container-layout":"default","site-sidebar-layout":"default","disable-article-header":"default","disable-site-header":"default","disable-site-footer":"default","disable-content-area-spacing":"default","footnotes":""},"categories":[9],"tags":[13,14,16,17],"class_list":["post-3740","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-real-estate","tag-real-estate-market-india","tag-registered-pricing","tag-registeredpricing"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t