 "New technologies are boosting the property market and helping land management in India. As the government pushes for digitisation of land records and entrepreneurs deploy new technologies in the property market, a change is coming.")
Cricketer KL Rahul and Bollywood actor and his father-in-law Suniel Shetty have jointly acquired seven acres of undivided land in Owale, Thane West, for Rs 9.85 crore, according to property registration documents reviewed by Square Yards.
The transaction was registered in March 2025.
As per the IGR property registration documents reviewed by Square Yards, the transaction involves 7 acres (28,327.95 sq. m / ~33,879.58 sq. yd) of undivided land within a larger land parcel spanning 30 acres and 17 guntha. The transaction incurred a stamp duty of Rs. 68.96 lakh and registration charges of Rs. 30,000.
Owale, located in Thane West near the prominent Ghodbunder Road, is strategically positioned between Anand Nagar and Kasarvadavali. It lies along Ghodbunder Road—one of the key arterial routes connecting Thane West to the Eastern and Western Express Highways. This prime location enhances accessibility to major business hubs in Thane, Mumbai, and the western suburbs.
KL Rahul, a leading Indian cricketer, is known for his versatile batting and has represented India across all formats. He has served as vice-captain of the national team and captained in the Indian Premier League (IPL). Rahul has received accolades such as the CEAT T20 International Cricketer of the Year and has consistently ranked among India’s top run-scorers.
Last year KL Rahul and wife Athiya Shetty purchased a 3,350 sq ft luxury apartment in Sandhu Palace on Nargis Dutt Road, Bandra’s Pali Hill, for over Rs 20 crore. Acquired from Sandhu Builders, the deal included four car parking slots with Rs 1.20 crore paid in stamp duty on July 15.
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 "The year was a mixed bag for the real estate industry as housing supply slowed down but record investments came in. Industry experts believe that demand will stabilise as sales are likely to be lower compared to 2023.")
Real estate remains a top choice for high-net-worth individuals, particularly celebrities and sports personalities.
Suniel Shetty, a veteran Bollywood actor and entrepreneur, has appeared in over 100 films across action, drama, and comedy genres. He was honoured with the prestigious Rajiv Gandhi Award for his contribution to Indian cinema and has also been active in fitness, real estate, and hospitality sectors, showcasing a strong presence beyond the entertainment industry.
In October 2024, Suniel Shetty and his son bought a property worth Rs 8.01 crore in Khar West, Mumbai, according to Square Yards, a real estate and fintech platform. The purchase was made through a bank auction and recorded as a ‘Sale Certificate’ in the property registration documents.Spanning 111.52 sq m (1,200.39 sq ft), the property was acquired in October 2024, with stamp duty fees amounting to Rs 40.08 lakh and a registration fee of Rs 30,000.
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