Harsh Anand Jain, CEO and Co-Founder of the popular fantasy sports platform Dream11 has made a significant real estate investment in Mumbai’s exclusive Malabar Hill neighborhood. Jain recently paid a staggering Rs 138.42 crore for a lavish 9,546 sq. ft. flat in the prestigious Lodha Malabar development, according to property documents obtained by IndexTap.com, a data-driven home purchasing platform.
Flat No. 2301, Tower A, Walkeshwar Road is located in one of Mumbai’s most upscale neighborhoods. Lodha Malabar is an upcoming ultra-premium residential tower on Walkeshwar Road in South Mumbai.
Key Details of the Transaction:
Seller: Macrotech Developers Ltd, a leading real estate developer in India.
Purchaser: Harsh Anand Jain, CEO & Co-founder of Dream11, one of the country’s most successful tech startups.
Agreement Value: Rs 138.42 crore.
Stamp Duty: Rs 8.31 crore.
Registration Date: January 9, 2025.
Area: 9,546 sq. ft. (usable carpet area).
No. of Car Parkings: 6.
Price per Square Foot (PSF): Rs 1,45,000
Architect Hafeez Contractor designed the upcoming 31-floor ultra-premium residential project, which aims to redefine modern living with its ultra-premium features. The project will include an indoor pool with stunning views of the Arabian Sea, a meeting room with comfortable lounge seating, an alfresco dining area, and other luxury amenities.
Harsh Jain and Bhavit Sheth co-founded Dream11 in 2008. In 2012, Dream11 introduced freemium fantasy sports to India. Between 2021 and 2023, the Dream11 user base increased from over 100 million to more than 200 million.
Sheth and Jain have secured the seventh spot on the IDFC FIRST Private & Hurun India’s Top 200 Self-made Entrepreneurs of the Millennia 2024 list, with a valuation of Rs 66,500 crore.
Harsh, a lifelong Manchester United, Mumbai Indians, and Indian Cricket Team fan, earned his engineering degree from the University of Pennsylvania and an MBA from Columbia Business School. Harsh pioneered online fantasy sports in India with Dream11 in 2008, combining his passions for sports, gaming, and technology, and is now dedicated to improving sports for all fans. Dream11 is Harsh’s second venture, following the successful acquisition of his social media agency Red Digital.
