Berkshire Hathaway's Ajit Jain Acquires Rs 85 Crore Luxury Apartment in Gurugram
Ajit Jain, the vice-chairman of Berkshire Hathaway who oversees the conglomerate's insurance operations, has made a significant real estate investment in India. According to sources quoted in an Economic Times report, Jain has purchased a sprawling 7,400 square foot apartment at DLF The Camellias, an ultra-luxury residential project located in Gurugram. The transaction is valued at approximately Rs 85 crore.
A Trusted Associate of Warren Buffett
Ajit Jain is widely regarded as one of Warren Buffett's most trusted and influential associates within Berkshire Hathaway. As an Indian-origin business leader based in the United States, Jain has spent much of his career living abroad. Sources indicate that he recently traveled to Delhi specifically to finalize this high-value property deal.
Trend Among Non-Resident Indian Buyers
This purchase underscores a broader trend in India's luxury housing market. One individual familiar with the development revealed that non-resident Indians (NRIs) constitute more than 25% of DLF's ultra-luxury housing portfolio. Jain is among the most prominent buyers in this segment, attracted by the premium amenities offered at such developments. These facilities are a major draw for those who plan to spend only part of the year in India, seeking convenience and security.
Shift Towards Gated Condominiums Post-Covid
Property consultants have observed a notable shift in preferences among ultra-high-net-worth individuals since the Covid-19 pandemic. There is an increasing inclination towards secure, gated condominium projects over independent bungalows. Such residences provide access to a wide range of on-site facilities, including:
- Advanced security systems
- Comprehensive wellness and fitness centers
- Concierge and hospitality services
- Community spaces and recreational areas
This trend reflects a desire for enhanced safety, convenience, and a curated lifestyle.
Gurugram's Rising Status in Luxury Real Estate
Gurugram has emerged as a premier destination for luxury property transactions, rivaling global hubs. In 2025, the city witnessed the costliest property deal in the National Capital Region, surpassing Lutyens' Delhi for the first time. Prices per square foot in Gurugram have now exceeded those in Mumbai and reached levels comparable with international markets like London and Dubai.
Notable Transactions in DLF's Ultra-Luxury Projects
The acquisition by Ajit Jain is part of a series of high-profile deals in DLF's luxury developments. Recent transactions include:
- An industrialist purchased four apartments at DLF's new ultra-luxury project, The Dahlias, for close to Rs 380 crore, marking one of the country's most expensive apartment transactions.
- British entrepreneur Sukhpal Singh Ahluwalia acquired an 11,416 square foot apartment in the same project for Rs 100 crore.
- Info-x Software Technology, through its director Rishi Parti, bought a 16,000 square foot penthouse for Rs 190 crore.
Additionally, in October 2023, ET reported the first Rs 100-crore transaction at this residential complex on Gurugram's Golf Course Road, highlighting the sustained demand for premium real estate in the area.
The growing interest from prominent business leaders and NRIs in Gurugram's luxury condominiums signals a robust and evolving market, driven by factors such as security, amenities, and investment potential. As prices continue to climb, the city solidifies its position as a key player in the global luxury real estate landscape.
