Sporta Technologies Private Limited, the parent company of Dream11, a popular online gaming app, has leased multiple office spaces in the Worli Mumbai area, according to property registration documents accessed by CRE Matrix.
These spaces, which in total cover 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 worth over ₹334 crore is for five years and 135 car parking spaces have been reserved.
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. In addition, Sporta Technologies has paid a security deposit of over ₹30 crore. The fit-out period will be about six months, and the monthly rent will start in February 2026 at ₹5.07 crore.
Besides that, the lease contract talks about a yearly increase of 4.75%, which will further 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 the source of office space demand from technology, gaming, and startup companies. Ascent Worli is offering a strategic location with connectivity to the central business districts, thus, making it an enticing choice for corporate tenants like Dream11.
The move is in line with the company’s expansion plan, which aims to provide sufficient space for the growth and operational needs and at the same time maintain 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 regarding Mumbai's luxury real estate. 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 at the Lodha Malabar project that Macrotech Developers (Lodha Group) are developing. There was a total of six car parking spaces included in the transaction which was registered on January 9, 2025. The sale was made at the rate of ₹1.45 lakh per sq ft. Additionally, a stamp duty of ₹8.30 crore was paid as part of the transaction.
This purchase is an example of the personal real estate investments made by the top management of Dream11, along with the company's commercial expansion in Mumbai.
The Mumbai commercial real estate market has obtained a steady demand for the technology sector and online platforms. Leases in prime locations such as Worli and Powai remain attractive to landlords as they still can command premium rents, resulting from not only the strategic value of the locations but also the willingness of big corporates to invest in quality office spaces.
CRISIL recently committed to a 15-year lease for 2.5 lakh sq ft of corporate office space in Powai worth nearly ₹600 crore, thus, confirming a trend of high-value office leasing in major business hubs of Mumbai.
As the company takes the big step to expand not only domestically but also internationally, the well-thought-out real estate decisions in Mumbai would be the main contributors to operational efficiency and talent acquisition.
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