HighPositive
Announced Sat, 20 Jun · 09:12 IST

Luxury homes emerge as wealth play? Madhusudan Kela buys apartment at DLF’s The Dahlias

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

DLF has sold a luxury apartment in its The Dahlias project in Gurugram to investor Madhusudan Kela for Rs 120.71 crore, validating strong demand for ultra-premium housing from HNIs. The company reported Q4FY26 pre-sales surging 95 percent year-on-year to about Rs 3,970 crore, with FY27 targets of approximately Rs 20,000 crore each in launches and pre-sales. Net cash stood at around Rs 14,200 crore, underscoring the financial strength of the luxury real estate segment.