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The Economic Times

Kshitij Anand

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

Madhusudan Kela DLF Luxury Gurugram India Golf GURGAON

India’s wealthy investors are increasingly turning to luxury real estate as a store of value and long-term wealth creation asset, with veteran investor Madhusudan Murlidhar Kela becoming the latest to make a marquee purchase.

DLF has sold a residential apartment in its ultra-luxury project The Dahlias in Gurugram to Kela for Rs 120.71 crore, according to media reports. This reinforces the growing appetite among high-net-worth individuals (HNIs) and ultra-high-net-worth individuals (UHNIs) for premium residential assets.

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