Cricket icon Sachin Tendulkar has expanded his real estate portfolio by purchasing approximately 3.86 acres of land in Lonavala, Maharashtra, for a staggering ₹69.99 crore.

  • Sachin Tendulkar purchased ~3.86 acres of land in Lonavala.
  • The total transaction value is approximately ₹69.99 crore.
  • The deal involved three separate conveyance deeds.
  • Lonavala is becoming a premium second-home destination for HNIs.

Cricket legend Sachin Tendulkar has made headlines once again, not for a century on the field, but for a massive move in the real estate market. According to recent property registration data, the maestro has acquired a sprawling land parcel in the premium hill station of Lonavala, Maharashtra, valued at nearly ₹70 crore.

Data analyzed by the firm Zapkey reveals that the transaction was recorded on September 4 through three distinct conveyance deeds. The total value of the acquisition stands at ₹69.99 crore. The properties were purchased from Nandan Dhananjay Mehta and Vivaswat Dhananjay Mehta.

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Detailed Property Breakdown

Located in the H-ward of Lonavala, Pune district, the assets span across four different city survey numbers, covering a total area of approximately 1.68 lakh square feet. Out of this, about 3.09 acres were purchased with full ownership rights, which includes an existing structure of approximately 2,100 square feet. Additionally, Tendulkar has secured a 50% share in two other plots.

The shift of high-profile celebrities toward Lonavala highlights the region's evolution into a high-yield luxury real estate hub.

The financial breakdown of the three deeds shows values of ₹63.69 crore, ₹4.56 crore, and ₹1.75 crore, respectively. The buyer paid approximately ₹4.20 crore in stamp duty. On average, the price per square foot for this transaction is calculated at roughly ₹4,168.

Why This Matters

BozokMedia analysis shows that this acquisition is a testament to the growing trend of ultra-wealthy individuals investing in satellite towns near major metros. As Mumbai and Pune continue to expand, Lonavala has emerged as the ultimate 'second-home' destination, offering both privacy and prestige.

Historical Background

Historically, Lonavala has been a beloved retreat for travelers in the Western Ghats. However, over the last two decades, it has undergone a massive transformation. What was once a simple monsoon getaway has turned into a high-end real estate hotspot, attracting Bollywood stars, industrial tycoons, and sporting legends, significantly driving up land valuations in the region.

Did You Know?: Sachin Tendulkar already owns one of the most expensive bungalows in Bandra, Mumbai, making him one of the most significant real estate investors in the country.

Frequently Asked Questions

1. How much land did Sachin Tendulkar buy in Lonavala?
He purchased approximately 3.86 acres of land spread across multiple survey numbers.

2. What was the total cost of the Lonavala property?
The total transaction value was approximately ₹69.99 crore.