Dream11 Co-Founder Purchases Rs 1.38 Bn Apartment in Malabar Hill
Real Estate

Dream11 Co-Founder Purchases Rs 1.38 Bn Apartment in Malabar Hill

Harsh Anand Jain, the CEO and Co-founder of Dream11, a fantasy sports platform, has purchased a luxurious sea-view apartment in the prestigious Malabar Hill area of South Mumbai for over Rs 1.38 billion. This super-premium apartment, which spans a carpet area of 9,546 sq ft, has been valued at Rs 1.45 lakh per sq ft, making it one of the priciest property deals in India based on this rate.

Jain acquired the apartment on the 23rd habitable floor of the ultra-luxurious residential tower Lodha Malabar, located on Walkeshwar Road, from the real estate developer Lodha’s listed company, Macrotech Developers.

According to documents accessed via indexTap.com, the buyer has paid more than Rs 80.30 million in stamp duty for the registration of the transaction, which took place on January 9. As part of the deal, Jain has secured exclusive access to six car parking slots in the tower.

In 2023, the most expensive deal ever in the country was made when the family of industrialist JP Taparia, the founder of contraceptive maker Famy Care, bought a sea-view luxury triplex apartment for over Rs 3.69 billion in the same tower.

Despite email inquiries to Dream11 and Macrotech Developers, no responses were received before publication.

In 2024, residential property sales in the top eight cities surged to an all-time high, driven by strong demand across the mid-income, premium, and luxury segments. Mumbai has continued to lead as the country’s largest and most expensive property market, maintaining a record-setting streak in property deals. South and Central Mumbai, home to the nation’s priciest apartments, have played a significant role in driving this growth, with numerous large-ticket transactions involving industrialists, top corporate executives, actors, and sports figures in recent years.

Harsh Anand Jain, the CEO and Co-founder of Dream11, a fantasy sports platform, has purchased a luxurious sea-view apartment in the prestigious Malabar Hill area of South Mumbai for over Rs 1.38 billion. This super-premium apartment, which spans a carpet area of 9,546 sq ft, has been valued at Rs 1.45 lakh per sq ft, making it one of the priciest property deals in India based on this rate. Jain acquired the apartment on the 23rd habitable floor of the ultra-luxurious residential tower Lodha Malabar, located on Walkeshwar Road, from the real estate developer Lodha’s listed company, Macrotech Developers. According to documents accessed via indexTap.com, the buyer has paid more than Rs 80.30 million in stamp duty for the registration of the transaction, which took place on January 9. As part of the deal, Jain has secured exclusive access to six car parking slots in the tower. In 2023, the most expensive deal ever in the country was made when the family of industrialist JP Taparia, the founder of contraceptive maker Famy Care, bought a sea-view luxury triplex apartment for over Rs 3.69 billion in the same tower. Despite email inquiries to Dream11 and Macrotech Developers, no responses were received before publication. In 2024, residential property sales in the top eight cities surged to an all-time high, driven by strong demand across the mid-income, premium, and luxury segments. Mumbai has continued to lead as the country’s largest and most expensive property market, maintaining a record-setting streak in property deals. South and Central Mumbai, home to the nation’s priciest apartments, have played a significant role in driving this growth, with numerous large-ticket transactions involving industrialists, top corporate executives, actors, and sports figures in recent years.

Next Story
Infrastructure Urban

Allcargo Gati Strengthens Doddaballapura’s Industrial Growth

Doddaballapura, once renowned for its silk sarees, has evolved into a major industrial hub, housing an Apparel Park and diverse manufacturing units producing textiles, paints, and machinery. The region’s strategic location and robust infrastructure have attracted national and international companies, boosting Karnataka’s economy.For the past four years, Allcargo Gati has been a key logistics partner, ensuring efficient distribution of goods across India. With a structured supply chain strategy—65 per ent to the north, 15-20 per cent west, 10-15 per cent east, and 5 per cent south—the c..

Next Story
Infrastructure Transport

Kolkata Metro to Suspend Green Line Services on March 8-9

The Kolkata Metro Railway has announced a complete traffic block on the East West Metro Corridor (Green Line) on March 8 and 9 for testing the Communication-Based Train Control (CBTC) system. Services will also be partially disrupted on the evening of March 7 and the morning of March 10. The Green Line, India’s first underwater metro tunnel and home to the country’s deepest metro shaft, runs from Howrah Maidan to Salt Lake Sector V. This line’s first phase was inaugurated in 2020 by then Railway Minister Piyush Goyal. Additionally, the Kolkata Metro recently introduced a paper ..

Next Story
Infrastructure Urban

India and Nepal Sign MoU to Strengthen WASH Sector Cooperation

India and Nepal signed a Memorandum of Understanding (MoU) on March 3, 2025, to enhance cooperation in the Water, Sanitation, and Hygiene (WASH) sector, including waste management. The signing ceremony took place at Sushma Swaraj Bhawan in New Delhi, attended by India’s Union Minister of Jal Shakti, CR Patil, and Nepal’s Minister of Water Supply, Pradeep Yadav. The agreement aims to foster collaboration between the two countries to improve access to clean drinking water and sanitation. It outlines key areas of cooperation such as capacity-building programs for Nepali personnel, techno..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?