DLF Ltd sold a 6,233 square foot apartment to veteran investor Madhusudan Kela for ₹120 crore in its ultra-luxury project The Dahlias in Gurugram. The apartment is located on the 20th floor of Tower 1 and includes five car parking spaces, according to registration documents accessed by CRE Matrix, a real estate data analytics firm.
The Dahlias project, launched in late 2024, has seen strong sales with nearly 60% of its inventory sold so far. The deal with Kela highlights growing demand for premium homes in Gurugram, where wealthy buyers increasingly view luxury residences as both wealth preservation and investment assets. The transaction was confirmed through official registration records.
This sale underscores a broader trend in the Indian real estate market, where luxury housing projects are attracting high-net-worth individuals. Comparable projects by other developers have also reported robust sales, reflecting confidence in the premium segment despite broader economic uncertainties. DLF’s ability to secure marquee buyers like Kela reinforces its position in the luxury residential market.
The Dahlias project continues to attract affluent buyers, with DLF having sold nearly 60% of its inventory since launch. The company is expected to report further sales milestones in its upcoming quarterly disclosures, reflecting sustained interest in high-end residential properties in Gurugram.