Can We Buy Land on The Moon?

India accomplished a great feat on August 23 when Chandrayaan-3 made a soft landing on the southern pole of the moon. With this accomplishment, the crucial phase of lunar exploration comes to a close. According to ISRO, the moon rover Pragyan rolled out from the lander Vikram to begin its exploration of the unexplored lunar surface.

According to popular belief, there will soon be life on the moon, and humans will be able to relocate there.

Source: https://en.wikipedia.org

As per several media reports, the late actor Sushant Singh Rajput purchased property on the moon. In addition to him, one of his followers gave Shah Rukh Khan a spot on the moon.

The land purchased by Sushant Singh Rajput was through the International Lunar Lands Registry. This is at the Sea of Moscow. Along with him, the other buyers of the lunar land were Rajiv Bagdi from Hyderabad and Lalit Mohta from Bengaluru.

There are rumours that companies like Luna Society International and the International Lunar Lands Registry are in the business of selling moon territory. According to the Lunar Registry, one acre of land on the moon costs USD 37.50. That’s cheap!

It's crucial to keep in mind that according to international organisations, no one is permitted to legally possess the moon. This is so that no single person or nation may claim ownership of the outer world, which is the collective inheritance of the whole human species.

No nation or individual is permitted to lawfully possess a satellite or a planet in space, according to the Outer Space Treaty of 1967. This convention has 114 countries.

But leave it to the scammers. We could have “Moon Cove” or “Everglades on the Moon” as your next real estate investment for your great-grandchildren. And if you let your imagination run, you could have banks looking at bridging and end-financing for your Moon property. How about a “tax haven” for all money looted or laundered on Earth to be stored on the First Moon Bank! Then we could have manufacturing, mining and resource companies tapping on the Moon’s minerals.  Then perhaps we could also have “Moonlywood” with Shah Rukh Khan as the hero. I think you get the picture!

Reference:

What is the price of land on the Moon? It is only Rs..., Zee Media Bureau, updated on 

25 August 2023