There’s no doubt that Alibaug in Maharashtra has become a favourite real estate destination for a number of Bollywood celebs, business personalities and cricketers too. Many affluent homebuyers looking for properties away from the bustle of Mumbai are choosing Alibaug. Adding to the list of high-value property transactions in the coastal town, former Indian cricketer and cricket commentator Sanjay Manjrekar has sold a nearly two-acre land parcel for ₹22.40 crore.But what’s interesting here is the identity of the buyer. It is not any Bollywood celebrity or a real estate developer, but CarTrade Tech Limited, the company behind popular online automobile marketplaces such as CarWale and BikeWale.As per recent update and according to property registration documents accessed by real estate data analytics firm CRE Matrix, the cricketer sold an 8,050-square-metre (approximately 1.99-acre) property in Dhokawade village, Alibaug, in Maharashtra’s Raigad district. The transaction was registered on October 27, 2026, for ₹22.40 crore.Buyer of Sanjay Manjrekar’s Alibaug property
Car Trade
The property is bought by CarTrade Tech Limited, an Indian digital automotive marketplace company that operates several platforms, including CarWale, BikeWale, OLX India and Shriram Automall. According to the registration details, the company was represented in the transaction by its authorised signatory, Vinesh Mahabal Kuckian.The registered consideration for the property was ₹22,40,00,000. The buyer also paid ₹1.344 crore in stamp duty, along with ₹30,000 in registration fees.The property registration documentsThe property is located at Gat No. 904 in Dhokawade village, Taluka Alibaug, in Raigad district. It is spread across 8,050 square metres or approximately 1.99 acres.According to details of the registered sale deed reported by Square Feat India, the land is classified as non-agricultural and has residential-use permission dating back to May 2012. Two existing residential properties, listed under Group Grampanchayat Dhokawade Property Nos. 971 and 972, are also part of the transaction.The sale deed was executed on October 26, 2026, and registered the following day under registration number ALG-8524-2026. The government valuation mentioned in the deed was approximately ₹4.72 crore, while the actual sale consideration stood at ₹22.40 crore. This means the transaction value was nearly 4.75 times the recorded government valuation.
Mahesh Manjrekar (Instagram)
Manjrekar had reportedly purchased the property in February 2003 from members of the Mhatre family and Gulab Madhukar Wakade. The earlier purchase was registered at Alibaug under registration number 243/2003. The latest sale deed records the transfer of ownership to CarTrade Tech.The transaction also involved a substantial statutory payment. Stamp duty of ₹1.344 crore and registration fees of ₹30,000 were paid as part of the deal.Alibaug, a magnet for celebrities and affluent buyersSituated along Maharashtra’s Konkan coast, Alibaug has evolved from a weekend getaway into one of the preferred second-home destinations for affluent Mumbai residents. Its coastal setting, privacy and relatively quieter surroundings are some of the most appealing factors..Then there is connectivity which plays an important role. Alibaug can be reached from Mumbai by road, while ferry services between Mumbai and Mandwa Jetty offer an alternative route for travellers.The Ro-Ro service also allows passengers to take their vehicles across the harbour.Famous celebs who have a property in AlibaugIn January 2026, Indian cricketer Virat Kohli and actor Anushka Sharma bought more than five acres of land in Zirad village for ₹37.86 crore. The transaction was registered on January 13, 2026. The couple had also purchased an eight-acre farmhouse in the same village in 2022 for ₹19 crore.Legendary actor Amitabh Bachchan too has invested in the region. In April 2024, he bought a 10,000-square-foot plot in the A Alibaug development for ₹10 crore. In October 2025, he reportedly acquired three adjoining plots measuring a combined 9,557 square feet for ₹6.6 crore.Other notable buyers include Shah Rukh Khan’s daughter Suhana Khan, who bought agricultural land in Thal village for ₹9.5 crore in February 2024.Actor Kartik Aaryan too has a 2,000-square-foot plot at Chateau de Alibaug which he purchased for approximately ₹2 crore in September 2025.For now, Manjrekar’s ₹22.40-crore property transaction adds another interesting chapter to Alibaug’s growing real estate story.
