Dream11 CEO Harsh Jain Buys ₹138 Crore Luxury Apartment in Mumbai

Dream11 CEO Harsh Jain: Luxury real estate is witnessing a significant rise in demand in India, with Mumbai leading the way. Dream11's CEO and co-founder Harsh Jain has made headlines by purchasing a luxury apartment in Malabar Hill, one of Mumbai's most exclusive neighborhoods, for over ₹138 crore.

A Record-Breaking Deal

According to reports, Jain purchased the apartment from realty developer Lodha’s Macrotech Developers. The property, located on the 23rd floor of Lodha Malabar Tower, spans 9,546 square feet, making it one of the most expensive deals in Mumbai's real estate market.

Cost Breakdown

Price per Square Foot: ₹1.45 lakh
Stamp Duty Paid: Over ₹8.30 crore
Extras: The deal includes 6 parking slots within the tower.
The property registration took place on January 9, 2025.

Mumbai's Luxury Real Estate Boom

Mumbai has become the epicenter of India’s booming luxury real estate market, with the Malabar Hill area attracting some of the wealthiest individuals. South and central Mumbai, in particular, are experiencing a surge in high-value property transactions.

In 2023, a sea-view triplex in the same tower was purchased by J.P. Taparia’s family for ₹369 crore, marking India’s most expensive real estate deal.

Increasing Demand for Luxury Properties

The rise in demand for luxury real estate in India is being driven by the growing number of billionaires. Mumbai, often referred to as India’s financial capital, continues to dominate this segment.

Dream11’s Growth and CEO’s Success

Dream11 has become a household name in India’s fantasy sports industry, contributing to the financial success of its CEO, Harsh Jain. The purchase of this high-value apartment reflects Jain’s growing wealth and his entry into Mumbai's elite real estate circle.

No Official Announcement Yet

While the transaction has been registered, no official announcement has been made by Macrotech Developers, Dream11, or Harsh Jain regarding the deal.