Harsh Anand Jain, CEO & Co-founder of fantasy sports platform Dream11, has purchased a luxury sea-view apartment in South Mumbai’s plush Malabar Hill locality for over Rs 138.41 crore.
The transaction for this super-premium apartment spread over a carpet area of 9,546 sq ft is valued at Rs 1.45 lakh per sq ft, making it one of the most expensive property deals in the country based on the per sq ft rate.
Jain has bought this apartment on the 23rd habitable floor of super-luxury residential tower Lodha Malabar on Walkeshwar Road from realty developer Lodha’s listed company Macrotech Developers.
The buyer has paid more than Rs 8.30 crore towards stamp duty alone for the registration of the transaction that took place on January 9, showed the documents accessed through indexTap.com. As part of the deal, Jain will get exclusive access to a total six car parking slots in the tower.
An all-time costliest deal in the country was struck in 2023 when family of industrialist JP Taparia, founder of contraceptive maker Famy Care, purchased a sea-view luxury triplex apartment for over Rs 369 crore in Malabar Hill in the same tower.
ET’s email queries to Dream11 and Macrotech Developers remained unanswered until the time of going to press.
Residential property sales in the top eight cities soared to an unprecedented high in 2024, fuelled by strong demand across mid-income, premium, and luxury segments. The year concluded with an all-time high sales activity.
Mumbai has been leading the pack as the country’s biggest and most expensive property market as it continued the record-setting spree in terms of property deals.
South and Central Mumbai, home to India’s most expensive apartments, have been playing a key role in driving this performance. The micro markets witnessed many large-ticket transactions involving industrialists, top corporate executives, actors, and sports personalities in the last few years.
Source Homevior.in
