Bollywood singer Sonu Nigam has sold over 1.9 hectares of land in Karjat near Mumbai for a total consideration of ₹1.95 crore, according to property registration documents accessed by CRE Matrix. The transactions highlight increasing activity in peripheral land markets around Mumbai.
Four Transactions Across Savele Village
The land parcels are located in Savele village in Karjat taluka of Raigad district. They were sold through four separate transactions to multiple buyers.
- 0.405 hectares sold for ₹50 lakh
- 0.718 hectares sold for ₹75 lakh
- 0.607 hectares sold for ₹50 lakh
- 0.208 hectares sold for ₹20 lakh
All four transactions were registered on April 7, 2026, with buyers paying a total stamp duty of ₹11.70 lakh.
Karjat’s Rising Importance in Mumbai 3.0 Vision
Karjat, a scenic hill station in Maharashtra’s Raigad district, is steadily emerging as a key node in the Mumbai 3.0 (Third Mumbai) development vision. As urban expansion accelerates, the region is increasingly attracting both investors and second-home buyers.
Moreover, its proximity to the upcoming Navi Mumbai International Airport will significantly boost real estate demand. In response, the Maharashtra government is actively supporting this growth through infrastructure development and land pooling policies. Also, investment-friendly initiatives are aimed at creating a new economic hub.
Infrastructure Driving Demand
Improved connectivity is playing a crucial role in Karjat’s rise as a real estate destination. For instance, the Atal Setu has enhanced accessibility between Mumbai and Navi Mumbai, thereby indirectly benefiting surrounding regions like Karjat.
Currently, Karjat is located approximately 50 to 100 km from key parts of Mumbai, including South Mumbai, BKC, Borivali, and Thane. As a result, travel time typically ranges between 90 and 180 minutes, depending on traffic and route.
Karjat Real Estate Market: A Growing Investment Hub
Over the past few years, Karjat has rapidly evolved into a prominent land investment hotspot on Mumbai’s outskirts. This is primarily because of the infrastructure upgrades and rising demand for plotted developments. Consequently, developers from the Mumbai real estate market are actively launching projects catering to villas, farmhouses, and second homes.
At the same time, competitive land pricing continues to attract a diverse mix of investors and end-users. Looking ahead, as connectivity further improves and large-scale developments take shape, Karjat is surely going to witness sustained real estate momentum, thereby reinforcing its position as a key growth corridor near Mumbai.
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