DEHLI (Web Desk) – Sonu Nigam has once again drawn attention from the real estate market after offloading additional land holdings in Karjat, a developing peripheral zone near Mumbai that is increasingly being linked with the “Mumbai 3.0” or “Third Mumbai” expansion narrative.
In a recent set of transactions registered on May 12, 2026, Nigam sold five adjoining land parcels located in Savele village, Karjat, collectively measuring around 1.067 hectares. The total deal value stood at approximately ₹95 lakh, according to property registration records. The parcels were purchased by multiple individual buyers and small groups, with each transaction ranging between ₹17 lakh and ₹20 lakh depending on plot size, which varied from roughly 0.20 to 0.225 hectares. Stamp duty of about ₹5.7 lakh was paid for the registrations.
Rather than being viewed as a standalone sale, the transaction highlights a broader pattern of gradual asset monetisation in the Karjat region, where land is being fragmented and absorbed by end-users and small investors rather than large institutional developers. The latest sale comes shortly after a larger divestment by the singer in April 2026, when he sold more than 1.9 hectares of land across four transactions for a combined ₹1.95 crore in the same locality. That earlier set of deals involved similarly structured parcel-wise sales to multiple buyers, indicating a phased exit strategy from land holdings in the region.
Karjat itself, located in Raigad district near Mumbai, has been steadily gaining traction as a second-home and investment destination. Its positioning within the larger “Third Mumbai” development vision has amplified interest from buyers seeking early entry into emerging infrastructure corridors. The area is expected to benefit from planned connectivity upgrades and proximity to major projects such as the Navi Mumbai International Airport, which has been a key driver of speculative and long-term investment interest.
In parallel, related real estate activity linked to the Nigam family has also surfaced in Mumbai’s property market, including high-value residential and commercial transactions in areas such as Madh Island and Santacruz East, further reinforcing the broader theme of asset reshuffling within prime and emerging micro-markets.
Overall, these successive transactions reflect a measured redistribution of land assets in semi-urban Maharashtra, where rising infrastructure expectations are reshaping ownership patterns. Karjat’s evolving profile—from quiet hill station to strategic expansion zone—continues to attract fragmented but consistent investor participation, particularly in parcels suited for gradual development or long-term appreciation.
