Boddu Jagannath Rao, a Non-Resident Indian (NRI) hailing from Veeravalli in the Bapulapadu Mandal of the Krishna district, who now resides in the United States. Rao has taken a truly unique step by purchasing two acres of lunar land and registering them in the names of his daughters.
In the wake of the successful ‘Chandrayaan-3’ mission by the Indian Space Research Organization (ISRO), there is a burgeoning interest in lunar real estate. According to reports from MENAFN, people are now contemplating the possibility of land ownership on the moon. One such visionary is Boddu Jagannath Rao, a Non-Resident Indian (NRI) hailing from Veeravalli in the Bapulapadu Mandal of the Krishna district, who now resides in the United States. Rao has taken a truly unique step by purchasing two acres of lunar land and registering them in the names of his daughters.
Rao’s journey into lunar real estate began during his time abroad when he stumbled upon the concept of lunar land sales. His belief in the eventual human habitation of the moon led him to explore this intriguing investment opportunity back in 2005. He reached out to the Lunar Land Registry, an organization dedicated to facilitating the sale of lunar land parcels. His quest for knowledge even took him to the headquarters of the Lunar Republic Society in New York, where he gathered more information about lunar land sales.
Convinced of the potential value of such an investment, Rao made the momentous decision to purchase two acres of lunar land, with each acre registered in the name of one of his daughters. To solidify his ownership, he received a registration claim deed detailing the land parcel numbers, the names of lunar areas designated by international research institutes, and a registration certificate featuring precise latitude and longitude coordinates for the two acres of lunar land.
With the success of ‘Chandrayaan-3’ and the increasing interest in lunar exploration, it seems that the idea of lunar real estate investment is no longer confined to the realm of science fiction but is becoming a reality for NRIs and space enthusiasts alike
Fast forward to August of this year, when another lunar real estate purchase made headlines. Rupesh Masson, a prominent businessman and educator from Jammu, joined the ranks of lunar landowners. Masson serves as the regional director of UCMAS for Jammu and Kashmir and Leh. His unique acquisition involved securing land on the moon, specifically in an area known as “Luna Earths Moon, Tract 55-Parcel 10772,” which is colloquially referred to as the “Lake of Happiness” or “LaFelicitatis.”
Masson shed light on his lunar property acquisition, revealing that he obtained the land through The Lunar Registry, situated in New York City. The purchase was officially certified on August 25, marking a noteworthy addition to the growing list of individuals who are venturing into lunar real estate investments.
With the success of ‘Chandrayaan-3’ and the increasing interest in lunar exploration, it seems that the idea of lunar real estate investment is no longer confined to the realm of science fiction but is becoming a reality for NRIs and space enthusiasts alike.
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