Rajeev V Bagdi, an Indian man who purchased a 5-acre plot of land on the moon for just Rs. 9,500 back in 2003, hopes to move there with his family during his lifetime, thanks to the successful launch of India’s lunar mission Chandrayaan-2. Investing in real estate is something of an obsession for us Indians, and we have an eye for a great deal. When a plot of land goes on the market, we can usually gauge the area’s potential for development with unerring accuracy.
Moreover, the same foresight led Rajeev V Bagdi to invest in a 5-acre plot in 2003, in an area where there were no good schools, metro connectivity, or shopping malls nearby - simply because he saw great potential in the location.
The deal he got on that prime piece of property is out of this world (quite literally), because the land happens to be on the moon!
Fascinated by the moon ever since he was a child, Bagdi came across an article regarding the sale of land on the moon while surfing the internet. A stock market analyst and the owner of an ayurvedic store, he put his business acumen to good use, conducting thorough research before going through with the purchase.
The deal was completed by New York-based Lunar Society International in 2003, and it cost him only $140 (approximately Rs. 9,500). You won’t get rates like these on Earth, that’s for sure!
Rajeev owns official documents issued by the Lunar Republic, including the registered claim and deed for his lunar property, declaration of citizenship, and a map of the land’s exact location.
“Rajeev Bagdi is the true and legal owner of the property located at Mare Imbrium (Sea of Rains) 32.8 degree(s) north latitude, 15.6 degree(s) west longitude track-30,” reads the deed registered by the Lunar Registry in New York on July 27, 2003.
However, unlike most Indian uncles’ inclination to buy property and give it out on rent, he has every intention of living on his lunar plot.
The successful launch of Chandrayaan-2 has given him hope that moon tourism will start by 2030, allowing him to fulfill his dream of moving to the moon with his family.