New Delhi: Ajit Jain, vice-chairman of insurance operations at US conglomerate Berkshire Hathaway, and among the most trusted executives of chairman Warren Buffett, has bought a 7,400 sq ft apartment at DLF The Camellias in Gurugram for around ₹85 crore, said three people aware of the deal. Jain, who has mostly lived outside India, recently travelled to Delhi to finalise the transaction, the people said.
Ajit Jain, vice-chairman of insurance operations at Berkshire Hathaway and a close confidant of chairman Warren Buffett, has purchased a 7,400 sq ft apartment at DLF The Camellias in Gurugram for around Rs 85 crore, according to a report by The Economic Times, citing three people aware of the transaction.
Jain, who has largely lived outside India, recently travelled to Delhi to conclude the deal, the report said.
NRIs already contribute over 25% of DLF’s ultra-luxury portfolio, and Jain is among the most prominent NRIs,” a person aware of the development told the newspaper. “The amenities offered at such projects are a major attraction for those who wish to spend a few months in India.” Jain is widely regarded as one of the most influential Indian-origin business leaders in the United States.
Property consultants said that in the post-Covid period, ultra-high-net-worth individuals (UHNIs) are increasingly favouring gated luxury condominiums over standalone bungalows, given the convenience and access to premium facilities within the complex.
The report also noted that an industrialist recently purchased four apartments at DLF’s latest super-luxury project, DLF The Dahlias, for nearly Rs 380 crore, marking one of the costliest apartment deals in the country.
Gurugram has recorded the most expensive property transaction in the NCR in 2025, overtaking Lutyens’ Delhi for the first time. Per-square-foot prices in the city have surpassed Mumbai levels and are now comparable with global hubs such as London and Dubai. Earlier, British businessman Sukhpal Singh Ahluwalia acquired an 11,416 sq ft apartment at the same project for Rs 100 crore.
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Ajit Jain of Berkshire’s insurance operations bought a 7,400 sq ft apartment at Gurugram’s DLF Camellias for Rs 85 crore, sources aware of the development said on February 24.
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Ajit Jain, Vice Chairman of Insurance Operations at Berkshire Hathaway led by legendary investor Warren Buffett, has purchased an ultra-luxury apartment at DLF The Camellias in Gurugram for around Rs 85 crore.
According to Kshitij Jain, founder of Rizin Advisory Pvt Ltd, who brokered the deal, Ajit Jain bought a 7,400 sq ft apartment in the project. The transaction is understood to be the highest-priced deal for the introductory 7,400 sq ft configuration, setting a benchmark of nearly Rs 1.10 lakh per sq ft, according to a Hindustan Times report. The documentation for the purchase was finalised last week. The acquisition is said to be for end use rather than investment. The report indicates that Jain is likely to visit India more frequently and stay closer to family members.
Why The Camellias Remains a Top Choice
Spread across 17.5 acres, The Camellias is often compared to a seven-star hotel lifestyle, offering high-end amenities, privacy and exclusivity. It has become one of India’s most prestigious residential addresses.
The Camellias has seen several big-ticket transactions in recent years. In September 2025 alone, four deals worth Rs 270 crore were recorded.
British businessman Sukhpal Singh Ahluwalia bought an 11,416 sq ft apartment for Rs 100 crore. Deepinder Goyal registered an apartment in March 2025 that he had purchased earlier for Rs 52.3 crore. In December 2024, Rishi Parti bought a penthouse for Rs 190 crore, the most expensive deal so far.
Ajit Jain, vice-chairman of insurance operations at Berkshire Hathaway and a close aide of Warren Buffett, has acquired a 7,400 sq ft apartment at DLF’s ultra-luxury project, The Camellias, for approximately ₹85 crore. The transaction adds to a growing list of marquee deals in Gurugram’s high-end housing market, which has seen record valuations in recent years.
Industry insiders note that non-resident Indians now account for more than a quarter of DLF’s ultra-luxury home sales. For global Indian executives and business leaders, gated condominiums such as The Camellias have become a preferred asset class, offering concierge services, private club facilities, and layered security. Post-pandemic, ultra-high-net-worth individuals have shifted decisively toward integrated luxury communities rather than standalone bungalows, with in-house amenities and managed services emerging as key draws.
Gurugram’s luxury housing segment has witnessed some of the highest per square foot valuations in the National Capital Region, at times surpassing even Lutyens’ Delhi and matching benchmarks in global cities like London and Dubai. Recent marquee transactions include British businessman Sukhpal Singh Ahluwalia purchasing an 11,416 sq ft apartment in The Camellias for around ₹100 crore, and Info-X Software Technology’s Rishi Parti acquiring a 16,000 sq ft penthouse for nearly ₹190 crore.
DLF’s broader super-luxury portfolio has also seen landmark deals. Its newer project, The Dahlias, recently recorded a multi-apartment purchase valued at nearly ₹380 crore, ranking among the most expensive residential transactions in India.
Jain’s investment further underscores Gurugram’s emergence as a preferred destination for global Indian executives and industrialists seeking high-value residential assets within secure, amenity-rich developments. With demand for luxury housing continuing to rise, Gurugram is positioning itself as one of the country’s most dynamic real estate markets, attracting both domestic and international buyers.
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