Cricketer KL Rahul and his father-in-law, Bollywood actor Suniel Shetty recently made news again with their latest property purchase. The two bought 7 acres of land in Owale, Thane West near Mumbai, for a reported price of ₹9.85 crore. This acquisition is another example of celebrities getting involved in the booming real estate market in the Mumbai Metropolitan Region (MMR).
Details of the Purchase
As part of a wider chain of 30 acres and 17 guntha, the property underscores the business duo's penchant for diversifying their real estate ventures. Property registration documents accessed by Square Yards revealed a hefty stamp duty charge of ₹68.96 lakh and registration fees of ₹30,000.
The real estate acquisition, documented on March 20, 2025, further assists Owale as an emerging focal point for inventory premium real estate. This area largely represents a connectivity corridor along the Ghodbunder Road linking Thane to Mumbai making it an ideal opportunity for high-value investments.
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Why Owale is an Attractive Investment
Owale, a locality of Thane West, has been experiencing high growth because of its infrastructure, connectivity, alongside arterial roads of Thane. The development of Ghodbunder Road has facilitated the connectivity to Mumbai and other parts of Thane, which has enhanced its attractiveness for both residential and commercial uses. Owale has appealing greenery, along with city accessibility, and is becoming a preferred alternative for property buyers who want to live in an area that feels both tranquil and like living in a city.
Previous Real Estate Investments
KL Rahul and Suniel Shetty are not new to being in the news with regard to their real estate adventures. In July 2024, KL Rahul and Athiya Shetty, the daughter of Suniel Shetty bought a lavish apartment measuring 3,350 sq ft in Sandhu Palace, Pali Hill, Bandra, Mumbai. The property which is located on the second floor of the 18-storey structure was bought for ₹20 crore.
Similarly, in October 2024, Suniel Shetty and his son, Ahan Shetty, bought a 1,200-sq ft property in Khar West, Mumbai, for ₹8.01 crore through a bank auction.
These purchases highlight the family’s penchant for premium real estate in key locations, reflecting their strategic approach to leveraging the booming property market.
The Rising Trend of Celebrity Investments
KL Rahul, and father-in-law Suniel Shetty, recently joined a number of personalities already investing in real estate while confirming the growing faith in the sector, particularly in regions like Thane and Mumbai. The demand for premium properties in India is climbing along with extensive infrastructure improvements around the country. Celebrities continue to influence the conversation in India's real estate sector.
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Conclusion
KL Rahul and his father-in-law Suniel Shetty's ₹9.85 crore land purchase is emblematic of a bucket list approach to investing. Owale's emergence as a hot real estate market, as well as it having outstanding connectivity and growth potential, will make this one of their bigger milestones. As celebrities explore more channels of opportunity in the real estate market, opportunities like these will likely spur more similar efforts for the next round of celebrities.
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Ans 1. KL Rahul and Suniel Shetty acquired 7 acres of land in Owale, Thane West, near Mumbai, for ₹9.85 crore.
Ans 2. Owale is gaining popularity due to its excellent infrastructure, proximity to arterial roads like Ghodbunder Road, connectivity to Mumbai, greenery, and tranquil environment combined with urban accessibility.
Ans 3. The property cost ₹9.85 crore, with additional expenses of ₹68.96 lakh for stamp duty and ₹30,000 for registration fees.
Ans 4. The transaction was registered on March 20, 2025.
Ans 5. July 2024: KL Rahul and Athiya Shetty purchased a ₹20 crore apartment in Sandhu Palace, Pali Hill, Bandra. October 2024: Suniel Shetty and Ahan Shetty bought a ₹8.01 crore, 1,200 sq ft property in Khar West, Mumbai, through a bank auction.
Ans 6. Ghodbunder Road connects Thane to Mumbai and other parts of Thane, enhancing accessibility and boosting the area's appeal for residential and commercial real estate investments.
Ans 7. This acquisition is part of their strategic real estate ventures, reflecting their confidence in the booming property market of the Mumbai Metropolitan Region (MMR).
Ans 8. Celebrities like KL Rahul and Suniel Shetty are increasingly investing in real estate due to the sector’s growth potential, infrastructure developments, and rising demand for premium properties in regions like Mumbai and Thane.