Sporta Technologies, the parent company of Dream11, has finalised a major office lease in Mumbai’s Worli district, marking one of the largest commercial real estate deals in the city this year. The company has taken up 169,250 sq ft of office space spread across four floors in the commercial tower Ascent Worli, located on Sudam Kalu Ahire Marg. The space covers the 4th, 6th, 7th and 8th floors of the building, indicating a significant expansion and consolidation of the company’s operations in the city.
The lease agreement has been signed for a period of 60 months, with a lock-in duration of 36 months. The deal is valued at approximately ₹300 crore over the lease term, placing it among the high-value commercial transactions in Mumbai’s central business zone. Monthly rent is set at ₹5.07 crore, and it will increase by 4.75% annually as part of the escalation clause included in the contract. The company has also secured 135 car-parking spaces, which is a key amenity for corporate occupiers in premium commercial locations.
A security deposit of ₹30.46 crore has been paid along with a CAM deposit of ₹1.26 crore. Maintenance charges are fixed at ₹25 per sq ft per month. In addition, the agreement provides a rent-free fit-out period of five months and 27 days, giving the company adequate time to design and prepare the office space before operations begin.
The large-scale lease highlights the rising demand for Grade-A commercial space in Mumbai, particularly in micro-markets such as Worli that offer strong connectivity and access to top corporate and residential hubs. The transaction also reflects increasing office requirements from digital-first, technology-driven companies that are expanding their workforce and consolidating business functions.
Industry analysts note that the Worli–Lower Parel belt continues to attract steady interest from both Indian and multinational firms due to improved infrastructure, ongoing commercial development and proximity to affluent residential neighbourhoods. Sporta Technologies’ long-term commitment underscores confidence in this corridor and signals sustained leasing momentum in the city’s prime office market.
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