26 November l Navi Mumbai
The business real estate market in Mumbai has just witnessed a remarkable deal, highlighting the trust and expansion of India’s top technology firms. Sporta Technologies Pvt Ltd, the parent company of the popular gaming platform for fantasy Dream11 has signed one of Mumbai’s most extensive single-tenant office leases in 2025.
The principal lease deal includes a vast 1.70 million square feet (or 170,000 square feet) in office spaces in Ascent Worli, a prestigious commercial property developed through K Raheja Pvt Ltd.
The massive footprint will extend over four important floors: 4th, 6th, 7th and 8th floors. The decision to choose Worli as a premium and central business district is a sign of an increasing trend in which the top fintech, tech and consumer-platform businesses are moving into premium central office spaces that indicate growth and a desire for top-quality infrastructure. The size of this deal suggests the possibility of a major expansion or the fusion of Dream11’s activities.
It’s not only a huge deal in terms of size, but also in terms of value. This lease, legally signed on the 17th November 2025 is worth in excess of Rs334 crore over the term.
The lease is through five consecutive months (60 months) and comes with a lock-in time of 36 months that guarantees an ongoing commitment. The company was required to pay an amount of security for the lease that was more than Rs30 crore, in stamp duties alone was higher than Rs94 lakh.
The monthly rent for the premises is set to begin at approximately Rs5.07 crore starting from February 2026. Importantly, the agreement includes an annual rent increase (escalation) of 4.75%.
- Year 1 Monthly Rent: Rs5.07 crore
- Year 5 Projected Monthly Rent: Rs6.11 crore
The deal also provides practical amenities, including 135 reserved car parking slots. The company took possession of the space for internal fit-outs back in August 2025, allowing for a six-month preparation period before full operations begin.
This enormous real estate commitment by Dream11’s parent company is a strong indicator of their confidence in long-term, sustained growth within the Indian market, companies are choosing to invest heavily in premium physical infrastructure, showing that even digital-first businesses value a top-tier corporate presence, for the Mumbai commercial real estate market, this transaction serves as a benchmark. It showcases the intense and resilient demand from the tech and online gaming sectors, which is likely to keep corporate leasing rates high in sought-after localities like Worli, for observers tracking corporate investment and office absorption rates, the lease highlights the strong pull of Mumbai as a commercial hub for major digital players.
As a side note, this corporate move follows a high-profile personal real estate purchase earlier in 2025, when Dream11’s CEO, Harsh Anand Jain, acquired a luxury apartment in South Mumbai for Rs138 crore, both the corporate lease and the personal purchase reflect the increasing influence and financial success of the company’s leadership and the business itself.
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Disclaimer – This article is based on reported public domain information regarding the Dream11 parent company’s commercial lease. Figures are approximate.
Source –
Hindustan Times
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