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Ace investor Madhusudan Murlidhar Kela has purchased a 6,233 sq ft ultra-luxury apartment for approximately INR 121 crore in DLF’s under-construction residential project, The Dahlias, at DLF Phase 5, Gurugram. The sale agreement was registered earlier this year, according to CRE Matrix. The transaction comes as DLF continues strong sales momentum at its 17-acre super-luxury development, which has a revenue potential of around INR 40,000 crore and has already recorded apartment sales worth INR 18,562 crore.
Ace investor Madhusudan Murlidhar Kela has acquired a 6,233 sq ft ultra-luxury apartment for approximately INR 120.71 crore in real estate developer DLF’s under-construction residential project, The Dahlias, located in DLF Phase 5, Gurugram. According to real estate data analytics firm CRE Matrix, which reviewed the agreement for sale document, the transaction was registered earlier this year on April 15, 2026.
CRE Matrix stated that the apartment forms part of DLF’s premium housing project, The Dahlias, which was launched in October 2024. The agreement for sale recorded a total consideration of INR 120.71 crore for the property. The company’s spokesperson declined to comment on the individual transaction.
The Dahlias is a 17-acre super-luxury residential development comprising 420 apartments and penthouses in DLF Phase 5, Gurugram. At the time of its launch, DLF opened bookings for the units with the objective of maximising the project’s overall sales value. The development has an estimated revenue potential of around INR 40,000 crore.
The project has witnessed significant sales since its launch. According to DLF’s latest presentation, the company had sold apartments worth INR 18,562 crore in The Dahlias up to March 2026. Company data further indicated that around 60 per cent of the total apartments in the ongoing project have been sold so far.
The transaction involving Kela reflects continued demand for high-value residential properties in Gurugram’s luxury housing market, where branded developments by established developers have attracted interest from affluent individual buyers and investors. However, DLF did not provide any comments regarding the specific purchase.
DLF remains one of India’s largest real estate developers with a substantial portfolio spanning residential and commercial developments. Since its inception, the company has developed more than 185 real estate projects covering over 352 million sq ft.
The group currently has around 280 million sq ft of development potential across residential and commercial segments, including projects under execution. Its operations are primarily divided between the development and sale of residential properties and the development and leasing of commercial and retail assets through its annuity business.
Source - PTI
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