Dream11 Leases 1.70 Lakh Sq Ft at Ascent Worli in Mumbai for ₹334 Crore
Sporta Technologies Private Limited, the parent company of Dream11, a popular online gaming app, has leased multiple office spaces in the Worli area of Mumbai, according to property registration documents accessed by CRE Matrix.
These spaces, which total around 1.70 lakh square feet, are spread across the 4th, 6th, 7th, and 8th floors of Ascent Worli, a commercial building by K Raheja Pvt Ltd. The lease is valued at over ₹334 crore and includes 135 car parking spaces. The transaction was formally recorded with a stamp duty of more than ₹94 lakh and a registration fee of ₹1,000 on November 17, 2025. Additionally, Sporta Technologies has paid a security deposit of over ₹30 crore.
The fit-out period for the new office spaces will be about six months, and the monthly rent will start in February 2026 at ₹5.07 crore. The lease contract includes a yearly increase of 4.75%, which will raise the rent to ₹5.31 crore in the second year, ₹5.57 crore in the third year, ₹5.83 crore in the fourth year, and ₹6.11 crore in the fifth year.
Mumbai's Worli, a prime commercial hub, has been a sought-after location for office space by technology, gaming, and startup companies. Ascent Worli's strategic location and connectivity to central business districts make it an attractive choice for corporate tenants like Dream11. The move aligns with the company's expansion plans, providing ample space for growth and operational needs while maintaining a presence in one of the most desired office markets in Mumbai.
Harsh Anand Jain, the CEO, and Co-Founder of Dream11, has also been in the news for his personal real estate investments in Mumbai. In January 2025, he acquired a luxury apartment of 9,546 sq ft in the Walkeshwar area of South Mumbai for over ₹138 crore, as per property registration documents obtained from IndexTap.com. The flat is part of the Lodha Malabar project developed by Macrotech Developers (Lodha Group) and includes six car parking spaces. The transaction was registered on January 9, 2025, at a rate of ₹1.45 lakh per sq ft, with a stamp duty of ₹8.30 crore.
This personal real estate investment by Jain underscores the broader trend of top management making significant property investments alongside the company's commercial expansion in Mumbai. The Mumbai commercial real estate market continues to see steady demand from the technology sector and online platforms. Leases in prime locations like Worli and Powai remain attractive to landlords due to their strategic value and the willingness of major corporates to invest in high-quality office spaces.
For instance, CRISIL recently committed to a 15-year lease for 2.5 lakh sq ft of corporate office space in Powai, valued at nearly ₹600 crore, further confirming the trend of high-value office leasing in major business hubs of Mumbai. As Dream11 expands both domestically and internationally, these well-thought-out real estate decisions in Mumbai will contribute significantly to operational efficiency and talent acquisition.
