KL Rahul and Suniel Shetty Acquire 7-Acre Land Parcel in Thane for ₹9.85 Crore

In a strategic real estate move, Indian cricketer KL Rahul and his father-in-law, Bollywood icon Suniel Shetty, have jointly acquired a significant 7-acre land parcel in the Owale area of Thane West, near Mumbai. The purchase, valued at ₹9.85 crore, reflects a growing trend among celebrities investing in real estate beyond central Mumbai, tapping into the high-growth corridors of the Mumbai Metropolitan Region (MMR).

Location & Connectivity

The land is located in Owale, a prime locality in Thane West along the bustling Ghodbunder Road – a crucial arterial route connecting Thane to Mumbai. This area is rapidly developing and has become a hotbed for real estate investments due to its connectivity, infrastructure development, and proximity to nature.

Property Details

According to property registration documents accessed by Square Yards:

  • The deal involves 7 acres of undivided land from a larger 30-acre and 17-guntha parcel.
  • The purchase attracted a stamp duty of ₹68.96 lakh and registration charges of ₹30,000.
  • The transaction was officially registered on March 20, 2025.

    Though both KL Rahul and Suniel Shetty were unavailable for comments, this purchase underscores their expanding interest in premium real estate assets.

Past Real Estate Investments

This isn’t the first time KL Rahul and the Shetty family have made headlines for high-value property acquisitions:

Pali Hill, Bandra (July 2024)

KL Rahul and his wife, Athiya Shetty, daughter of Suniel Shetty, purchased a lavish 3,350 sq ft apartment on the second floor of the 18-storey Sandhu Palace in Pali Hill, Bandra. The transaction was valued at ₹20 crore. Khar West, Mumbai (October 2024)

Suniel Shetty and his son, Ahan Shetty, secured a 1,200 sq ft property in Khar West for ₹8.01 crore via a bank auction, showing their sharp eye for lucrative deals in the real estate market.

Celebrities Diversifying into Real Estate

With this recent acquisition in Thane, KL Rahul and Suniel Shetty join a growing list of celebrities diversifying their investment portfolios into real estate. Whether it's plush apartments in South Mumbai or sprawling land parcels on the city's outskirts, the trend showcases a strategic shift towards long-term asset creation.

As Owale and the Ghodbunder Road belt continue to witness infrastructural growth and real estate appreciation, this high-profile transaction could spark more interest among investors and developers in the region.

Stay tuned with Houzyy for the latest celebrity real estate news, hot property deals, and expert insights from the world of real estate.

Posted by houzyy news desk on April 16, 2025

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