Dream11 CEO Harsh Jain Buys Rs 138 Crore Apartment In Mumbai's Malabar Hill
As per latest reports, Jain has acquired a lavish 9,546 square feet flat in the prestigious Lodha Malabar development
Harsh Anand Jain, CEO and co-founder of the premier fantasy sports platform Dream11, has made a significant investment in the Mumbai real estate landscape, purchasing a luxurious apartment in the city’s plush Malabar Hill locality. As per latest reports, Jain has acquired a lavish 9,546 square feet flat in the prestigious Lodha Malabar development for a staggering amount of over Rs 100 crore. The Lodha Malabar project is being constructed by real estate developer Macrotech Developers, also known as Lodha Group.
According to documents accessed by IndexTap.com, a data-driven home-buying platform, the apartment’s acquisition transaction was registered on January 9, for a stamp duty of Rs 8.30 crore, as quoted by Hindustan Times. The apartment, located in Tower 1 on Walkeshwar Road, is in a premium location in one of the most upscale neighbourhoods in Mumbai. It is worth mentioning that the Lodha Malabar development is an upcoming ultra-premium residential tower in the South Mumbai neighbourhood.
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The property deal documents state that Macrotech Developers Ltd has sold the 9,546 square feet apartment for an agreement value of Rs 138.41. It has been registered for Rs 1.45 lakh per square foot, coming with a total of six car parking areas.
Details about the interior and other additional rooms of the apartment are yet to be revealed. Earlier in March 2023, Bajaj Auto Chairman Niraj Bajaj also purchased a sea-facing triplex in the same development for around Rs 252.5 crore. Other units were sold to dignified businessmen including Famy Care founder JP Taparia and Wellknown Polyesters Ltd chairman Anil Gupta.
About Harsh Jain
Speaking about Harsh Jain, his rise from an intern to the CEO of Dream11 has been pretty inspiring. Jain along with his friend Bhavit Sheth founded the fantasy gaming platform, which is now worth over Rs 60,000 crore and counted among the most popular gaming platforms in India. Recognising the potential of fantasy sports in India, the company which was founded in 2008 registered millions of active users over the years. The venture also got the duo in the IDFC FIRST Private & Hurun India’s Top 200 Self-made Entrepreneurs of the Millennia 2024 list.
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