Dream11 Co-founder Harsh Jain Buys Rs 138 Crore Luxury Apartment in Mumbai’s Malabar Hill
Harsh Anand Jain, the CEO and co-founder of Dream11, has acquired a luxurious sea-view apartment in the prestigious Malabar Hill area of Mumbai for Rs 138 crore. The property, located on the 23rd floor of SOBO, is a testament to Jain's success in the Indi
Harsh JainDream11Malabar HillLuxury ApartmentReal EstateReal Estate MumbaiJan 15, 2025
Jain has acquired a lavish sea-view apartment in Malabar Hill, one of Mumbai’s most exclusive neighborhoods, for a staggering Rs 138 crore.
The acquisition, located on the 23rd floor of the iconic SOBO (South Bombay) building, further cements Jain’s position as one of the most successful entrepreneurs in India.
Dream11, the fantasy sports platform co-founded by Jain, has seen exponential growth over the past few years.
The company has become a household name, particularly among cricket enthusiasts, and has played a significant role in popularizing fantasy sports in India.
Jain’s success with Dream11 has not only made him a prominent figure in the tech and sports industries but has also earned him a place among the country’s top entrepreneurs.
The newly acquired apartment in Malabar Hill is a testament to Jain’s financial prowess and his vision for luxurious living.
Malabar Hill, known for its scenic views and elite residents, is home to some of the most expensive and sought-after properties in the world.
The SOBO building, where Jain’s apartment is located, is a symbol of luxury and exclusivity, offering residents unparalleled amenities and views of the Arabian Sea.
According to real estate experts, the property market in Malabar Hill has seen a significant increase in demand, particularly from high-net-worth individuals looking for premium living spaces.
The average price per square foot in the area can range from Rs 100,000 to Rs 150,000, making it one of the most expensive real estate markets in the country.
Jain’s new apartment spans over 15,000 square feet and includes multiple bedrooms, a spacious living area, a state-of-the-art kitchen, and a private garden.
The property also comes with top-notch security, 24/7 concierge services, and a range of other facilities that cater to the needs of its elite residents.
Dream11, founded in 2012, has revolutionized the way Indians engage with sports.
The platform allows users to create their own virtual teams and compete against other users for cash prizes.
With a user base of over 100 million, Dream11 has become a leading player in the fantasy sports market and has attracted significant investments from top venture capitalists and institutional investors.
The company’s success can be attributed to its innovative business model and strong leadership.
Jain, along with his co-founder Bhavit Sheth, has been instrumental in shaping Dream11’s growth strategy and expanding its reach across the country.
Under their leadership, Dream11 has also ventured into other sports, including football, kabaddi, and badminton, further diversifying its portfolio.
Dream11’s journey from a startup to a unicorn has been nothing short of remarkable.
The company has not only disrupted the traditional sports industry but has also created new opportunities for millions of sports enthusiasts in India.
Jain’s latest acquisition in Malabar Hill is a fitting tribute to his achievements and a glimpse into the future success of Dream11.
In a recent interview, Jain expressed his excitement about the new property and his vision for Dream11.
'This apartment is a reflection of the hard work and dedication of the entire Dream11 team.
We are committed to continuing our efforts to bring the best fantasy sports experience to our users and to achieve even greater milestones in the years to come,' he said.
As Dream11 continues to grow and expand, Jain’s new home in Malabar Hill will serve as a symbol of the company’s success and the heights it can achieve.
With a strong foundation and a clear vision, Dream11 is poised to remain at the forefront of the fantasy sports industry in India and beyond.
Frequently Asked Questions
Who is Harsh Jain?
Harsh Jain is the CEO and co-founder of Dream11, a popular fantasy sports platform in India. He has been instrumental in the company's growth and has become a prominent figure in the tech and sports industries.
What is Dream11?
Dream11 is a fantasy sports platform that allows users to create virtual teams and compete against other users for cash prizes. It has been a leading player in the fantasy sports market in India, with over 100 million users.
Where is the new apartment located?
Harsh Jain's new apartment is located in Malabar Hill, Mumbai, on the 23rd floor of the SOBO building. Malabar Hill is one of the most exclusive and expensive neighborhoods in the city.
How much did the apartment cost?
The luxury sea-view apartment in Malabar Hill was purchased by Harsh Jain for Rs 138 crore.
What are the features of the apartment?
The apartment spans over 15,000 square feet and includes multiple bedrooms, a spacious living area, a state-of-the-art kitchen, a private garden, top-notch security, 24/7 concierge services, and other premium facilities.
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