Home / Business and Economy / Manjrekar Sells Alibaug Land for ₹22.4 Cr to CarTrade
Manjrekar Sells Alibaug Land for ₹22.4 Cr to CarTrade
3 Nov
Summary
- Sanjay Manjrekar sold a 1.99-acre Alibaug property for ₹22.4 crore.
- CarTrade Tech Limited, an auto marketplace firm, purchased the land.
- The sale price was nearly 4.75 times the government's valuation.
Former Indian cricketer Sanjay Manjrekar recently sold a nearly two-acre land parcel in Alibaug, Maharashtra, for ₹22.40 crore. The buyer is CarTrade Tech Limited, an Indian digital automotive marketplace company known for platforms like CarWale and BikeWale. The transaction, registered on October 27, 2026, involved an 8,050-square-metre property in Dhokawade village, Raigad district.
The sale deed, executed on October 26, 2026, recorded the property's consideration at ₹22.40 crore, which was approximately 4.75 times the government's valuation of ₹4.72 crore. The property includes non-agricultural land with residential-use permission and two existing residential structures.
Alibaug continues to be a sought-after real estate destination for celebrities and affluent buyers, drawn by its coastal setting and privacy. Notable recent transactions include purchases by Virat Kohli and Anushka Sharma, as well as investments by Amitabh Bachchan and Suhana Khan, underscoring the region's appeal.
