An entrepreneur in Hyderabad seems over the moon.

He has bought a five-acre lunar plot and has the legal deed to endorse the claim though how he plans to live there is still not clear.

"If it is not possible [to live on the moon] during my life time, may be in the next generation," says Rajeev V Bagdi, who bought the plot of land on the moon through an Internet transaction for $ 140.

The ownership of the property has been 'authorised by the Lunar Republic and registered with the International Lunar Lands Registry in New York and Paris," a moonstruck Bagdi told PTI.

He has a deed issued by the 'Lunar Republic Interactive' and signed by its legal public registrar on July 27, 2003, that reads, "Rajeev V Bagdi is recorded as the true and legal owner of the properties located at Mare Imbrium (Sea of Rains) 32.8 degree North latitude, 15.6 degree West longitude and track-30."

"I don't know whether the document is legal or not, but I am in the habit of taking risks ... if this venture brings me fortune, I will be very happy," he says.

He also probably does not know that people have been arrested in Europe and the US for online sale of plots on the moon, including the Sea of Tranquility, to unsuspecting customers.

Bagdi, a Masters of Business Administration, is in the cement business.

A bachelor, he lives with his two brothers in a joint family of 28 members and now spells his name as Rajzeev V Baagree for numerological reasons.