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Gurugram Real Estate News: Madhusudan Murlidhar Kela Purchases Luxury Apartment in DLF The Dahlias for Over ₹120 Crore
India's luxury real estate market continues to grow at a fast pace. In another major deal, leading real estate company DLF Limited has sold a luxury apartment in The Dahlias, Gurugram, to well-known investor Madhusudan Murlidhar Kela for ₹120.71 crore.
According to property documents accessed by CRE Matrix, this is one of the biggest luxury apartment transactions in Gurugram this year. The deal highlights the strong demand for premium homes in the National Capital Region (NCR).
The apartment is located on a higher floor of Tower 1 in The Dahlias, a premium residential project in DLF City Phase 5, Sector 54, Gurugram. The project is one of the most luxurious residential developments in NCR.
Property documents show that the apartment has a carpet area of around 6,233.39 square feet. It also comes with five dedicated car parking spaces, making it suitable for luxury living.
The sale price of the apartment is ₹120.71 crore, including applicable taxes and other charges. Based on the transaction documents, the apartment was sold at more than ₹1.93 lakh per square foot, making it one of the costliest residential deals in Gurugram.
The agreement was registered on April 15, 2026. Since the transaction was completed through an allotment agreement by the developer, the stamp duty paid was ₹100, as mentioned in the property documents.
The documents also reveal that the buyer will make the payment in around 11 installments. DLF is expected to hand over possession of the apartment by December 31, 2031, after receiving the Occupation Certificate (OC) from the authorities.
Madhusudan Murlidhar Kela is one of India's well-known investors and market experts. He has more than 30 years of experience in the capital markets and is respected for his investment decisions.
In 2018, he founded MK Ventures, an investment firm that focuses on high-growth business opportunities. His latest investment in DLF The Dahlias Gurugram reflects the growing interest of successful investors in luxury real estate.
The Dahlias is among the most premium residential projects developed by DLF in Gurugram. The project is spread across around 7.5 million square feet and will feature 420 luxury residences across 8 towers, each rising to 29 levels.
The development will also include 15 exclusive duplex penthouses, offering world-class luxury and premium amenities. Since its launch, The Dahlias has attracted industrialists, business leaders, entrepreneurs, and high-net-worth individuals looking for luxury homes in Gurugram.
The project has become one of the most talked-about luxury developments in NCR because of its premium location, spacious apartments, and high-end lifestyle.
The Dahlias have played an important role in DLF's sales performance. During FY26, DLF reported total sales bookings of ₹20,143 crore.
Although this was slightly lower than the previous year's record sales of ₹21,223 crore, The Dahlias remained one of the company's strongest-performing projects.
The project alone generated ₹4,828 crore in sales during FY26. In the March quarter, DLF sold 32 luxury apartments, supported by strong buyer demand and rising property prices.
DLF Home Developers Managing Director Aakash Ohri recently said that The Dahlias was the biggest contributor to the company's fourth-quarter sales of around ₹3,967 crore. The project also helped DLF achieve its annual sales target despite delays in launching some other projects.
The company also shared that Non-Resident Indians (NRIs) contributed around 15% of the total sales in The Dahlias. DLF estimates that the remaining 40% of the inventory of the project has a potential sales value of nearly ₹24,000 crore at current prices.
