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

17 Jan 2025 CW Team

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.

Infrastructure Transport

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..