In one of the prominent real estate deals of the year, Harsh Anand Jain, CEO and Co-founder of Dream11, has purchased a premium apartment at Lodha Malabar on Walkeshwar Road, Malabar Hill, Mumbai, for a staggering Rs 138.4 crore. The transaction marks a significant moment in Mumbai's luxury property market, showcasing the city’s robust demand for ultra-premium residences.
About The Deal
According to official registration documents accessed by IndexTap.com, the sale was executed on January 9, 2025, with a stamp duty payment of Rs 8.3 crore. The property, Flat No. 2301 in Tower A of Lodha Malabar, boasts a sprawling usable carpet area of 9,546 square feet and includes six dedicated car parking spaces. The per square foot price for the transaction stands at an impressive Rs 1.45 lakh, highlighting the exclusivity and prime location of the residence.
The property was sold by Macrotech Developers Ltd, a leading name in real estate development. Lodha Malabar is renowned for its luxurious amenities, superior craftsmanship, and panoramic views of the Arabian Sea, making it a sought-after address among the city’s elite.
This high-profile purchase reflects Mumbai’s enduring appeal to top business executives and entrepreneurs, further cementing its reputation as a global hub for real estate investments.
This landmark deal comes at a time when Mumbai’s luxury real estate sector continues to attract significant attention, driven by rising demand and limited inventory in prime neighborhoods like Malabar Hill.
