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Cricketer KL Rahul and actor Suniel Shetty have jointly purchased a 7-acre land parcel in Owale, Thane West, for INR 9.85 crore, marking a strategic investment along the rapidly developing Ghodbunder Road corridor. The deal, registered on March 20, 2025, is part of a larger 30-acre holding, hinting at potential future development. Their move aligns with growing celebrity interest in Mumbai's suburban markets, driven by infrastructure projects like Metro Line 4 and the Borivali - Thane Twin Tunnel. The duo latest acquisition adds to their growing real estate portfolio, including a INR 20-crore Bandra apartment and an INR 8-crore buy in Khar.
Cricketer KL Rahul and actor Suniel Shetty have jointly purchased a 7-acre land parcel in Owale, Thane West, for INR 9.85 crore, property documents accessed by Square Yards reveal. The deal, registered on March 20, 2025, reflects a growing trend of high-profile investments in Mumbai's extended suburban corridors, especially along Ghodbunder Road, a fast-developing real estate belt that connects Thane to the Western Express Highway and Mumbai city. Advertisement
According to documents, the 7 acres acquired by the duo are part of a larger 30-acre land holding, indicating that this may be an initial phase in a more expansive development plan. The transaction attracted stamp duty charges of INR 68.96 lakh and registration fees of INR 30,000.
Owale, where the land is located, lies along the Ghodbunder Road corridor, which is fast becoming a hotspot due to ongoing infrastructure upgrades such as the proposed Mumbai Metro Line 4, which will connect Wadala to Kasarvadavali, and the planned Borivali - Thane Twin Tunnel Project. In recent years, Thane West has attracted prominent developers like Hiranandani, Lodha, and Tata Housing, and is now drawing the attention of celebrity investors looking to secure land before prices surge further.
The move aligns with a broader pattern of actors and athletes investing in land rather than ready apartments, likely for the flexibility of future development be it personal use or joint ventures with developers.
This is not the first major property acquisition by the duo. In July 2024, KL Rahul and his wife Athiya Shetty, daughter of Suniel Shetty, made headlines for purchasing a INR 20-crore luxury apartment in Pali Hill, Bandra one of Mumbai's most exclusive residential neighbourhoods. That apartment, measuring 3,350 sq ft, is located on the second floor of the plush Sandhu Palace, a premium high-rise in a neighbourhood home to many Bollywood elites.
Later, in October 2024, Suniel Shetty and his son Ahan Shetty acquired a 1,200-sq ft apartment in Khar West for INR 8.01 crore. Notably, this was a bank auction purchase, signaling their willingness to pursue value buys in high-end neighbourhoods.
Suniel Shetty has long been active in real estate, not just as a buyer but also as an investor in boutique development ventures. KL Rahul, too, has made quiet but strategic property moves that reflect both personal use and asset appreciation goals. Industry watchers suggest that high-value land buys in suburban locations like Thane could be tied to long-term plans for custom-built villas, gated developments, or commercial tie-ups.
This aligns with broader market trends where land banking is becoming increasingly popular among high-net-worth individuals (HNIs), particularly celebrities and athletes, as Mumbai's core areas reach a saturation point in terms of both supply and pricing.
With the Mumbai real estate market witnessing a 30% surge in high-ticket transactions over the past year, celebrity investments like these add more credibility to the emerging micro-markets around Thane, Vasai, Panvel, and Navi Mumbai.
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