Want to buy land on moon? Know about this Jammu man who bought plot there after Chandrayaan-3 success

Two days after India made history with Chandrayaan-3 successful landing on Moon on August 23, a businessman and educationist from Jammu and Kashmir, Rupesh Masson, finalised the deal to buy land on moon. 

49-year-old Masson, who is also the regional director of UCMAS for Jammu and Kashmir and Leh, shared the details of his land property on moon with HT. He said that he bought land at “Luna Earths Moon, Tract 55-Parcel 10772 known as Lacus Felicitatis (Lake of Happiness).”

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Masson purchased the land from The Lunar Registry at New York City and it was certified on August 25, he told HT.

“Ideas of occupying space on the moon are a reflection of our quest to see what lies beyond, which is itself a reflection of our quest for deeper meaning within ourselves,” he told HT's Ravi Krishnan.

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Explaining the thought behind buying a plot on the moon, he said that the moon is either a token of hope in a future. It can also serve as a cost-effective psychological escape hatch for the person confronting climate change.

He said that purchase of land on moon can serve as a satisfaction of some sense for people of some degree of preparedness of different future. He also mentioned about around 675 celebrities and three former presidents of the USA who own extra-terrestrial land on moon and on different planets.

Chandrayaan-3 success an impetus to real estate sector in Moon

The success of India's lunar space mission Chandrayaan-3 also gave a boost to the sale of land in moon. “Due to extremely high order volume following the successful landing of Chandrayaan-3, we are currently experiencing lengthy processing and fulfilment delays,” said The Lunar Registry on its official website. The entity is facing delays in the process of documents submission. It also assured to speed up the process and requested people to be patient.

How to buy land in Moon?

One of the options, that was used by the Jammu-based businessman is to buy a plot on moon from Lunar Registry. Rupesh Masson bought land at Luna Earths Moon, Tract 55-Parcel 10772 known as Lacus Felicitatis (Lake of Happiness) from the company. The current rate of he plot on this location on moon is ₹2,405 per acre ($29.07/acre), as shown on the website. There are other locations on the moon, like sea of rains, Bay of Rainbows, etc.

The International Lunar Lands Registry (ILLR) was created in 1999 to provide a standardized and simplified system for registering claims to real property on moon.