Dream11 CEO Harsh Jain Acquires Luxury Apartment in Mumbai’s Malabar Hill for ₹138 Crore

Team Opulnz Abode: 21-08-2025, 14:08: Read Time – 2mins

Harsh Anand Jain, the co-founder and CEO of Dream11, has made headlines with his acquisition of a luxurious apartment in Mumbai’s prestigious Malabar Hill locality. This high-value real estate purchase cements his position as a trailblazer in the fantasy sports arena and a notable player in the Mumbai luxury property market.

A Record-Breaking Deal in Malabar Hill

Jain’s latest acquisition, a sprawling 9,546-square-foot flat in the Lodha Malabar development, is valued at a staggering ₹138.41 crore. According to IndexTap.com, the transaction was registered on January 9, with Jain paying a stamp duty of ₹8.30 crore.

Key details of the transaction include:

Developer: Macrotech Developers Ltd (Lodha Group)
Price per Square Foot: ₹1.45 lakh
Amenities: Six car parking spaces
Location: Tower 1, Walkeshwar Road, one of South Mumbai’s most upscale neighbourhoods

The Lodha Malabar development, known for its ultra-luxury residences, has attracted several high-profile buyers. This includes prominent figures like Bajaj Auto Chairman Niraj Bajaj, who purchased a sea-facing triplex in the same project for ₹252.5 crore in 2023, and other industrialists such as JP Taparia and Anil Gupta.

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The Lodha Malabar Development: A Jewel of South Mumbai

The Lodha Malabar project, crafted by the Lodha Group, is an architectural masterpiece offering unparalleled luxury. Located in the heart of Malabar Hill, this development is designed for an elite clientele, offering breathtaking sea views and world-class amenities.

Highlights of the property include:

Prestigious Address: Walkeshwar Road, synonymous with exclusivity and grandeur.
Premium Features: This will likely include state-of-the-art interiors, expansive layouts, and opulent amenities.
Elite Community: Home to several prominent industrialists and business magnates.

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Harsh Jain: From Visionary Entrepreneur to Real Estate Aficionado

Harsh Jain and co-founder Bhavit Sheth have built Dream11 into India’s leading fantasy sports platform. Founded in 2008, the platform has grown exponentially, boasting a valuation of over ₹60,000 crore and millions of active users.

Jain’s entrepreneurial journey is both inspiring and groundbreaking:

Education: He interned at several global firms before co-founding Dream11.
Achievements: Named in the IDFC FIRST Private & Hurun India’s Top 200 Self-Made Entrepreneurs of the Millennia 2024 list.
Impact: Dream11 has revolutionized fantasy sports in India, catering to cricket, football, and other sports enthusiasts.

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Luxury Property Market in Mumbai: The Malabar Hill Appeal

Malabar Hill, a preferred destination for India’s elite, has seen several high-value real estate transactions in recent years.

Key Factors Driving Demand:

Prime Location: Proximity to South Mumbai’s business districts and cultural landmarks.
Exclusivity: A limited supply of ultra-premium properties attracts high-net-worth individuals.
Amenities: Properties like Lodha Malabar offer unmatched luxury, panoramic views, and modern conveniences.
Investment Value: Despite its high price point, Malabar Hill properties are considered valuable long-term assets.

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An Iconic Purchase for an Iconic Entrepreneur

Harsh Jain’s acquisition of this ₹138 crore luxury apartment in Lodha Malabar underscores his stature as one of India’s leading entrepreneurs and real estate connoisseurs. This deal reflects a broader trend of successful individuals investing in high-value properties offering exclusivity and long-term appreciation.

As Mumbai’s luxury property market thrives, projects like Lodha Malabar remain benchmarks for opulence and sophistication, drawing India’s elite to its doors.

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Realty Z Estate: Your Trusted Partner in Luxury Real Estate

At Realty Z Estate, we specialize in curating unparalleled real estate opportunities tailored to your lifestyle and aspirations. Whether you’re seeking a luxury residence in Mumbai’s elite neighbourhoods like Malabar Hill or exploring high-value properties across India, our seasoned experts guide you every step of the way.

With over 15 years of experience working with top developers nationwide, we understand every project phase—residential, commercial, industrial, or warehousing. Our commitment to excellence ensures that you find a property and a space that perfectly aligns with your vision of luxury and comfort.

Explore iconic projects like Lodha Malabar or other exclusive properties that redefine elegance. Connect with Realty Z Estate today to discover homes that are more than just addresses—they’re legacies. Wherever your dream home may be, we’ll help you find it. Don’t just look around the corner; look across the globe with Realty Z Estate.