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Ajit Jain, Vice-Chairman of Insurance Operations at Berkshire Hathaway and a long-time associate of investor Warren Buffett, has bought a luxury apartment worth INR 85 crore in Gurugram's premium residential project DLF The Camellias. The 7,400 square-foot residence marks one of the high-value transactions in India's ultra-luxury segment and reflects sustained demand among high-net-worth individuals including NRIs for centrally located, amenity-rich housing in the National Capital Region (NCR). The deal is understood to have set an effective rate of around INR 1.10 lakh per square foot for this configuration and was finalised recently when Jain travelled from overseas to complete documentation. Gurugram's super-luxury housing segment has been recording record sales values, further underlining the city's emergence as a preferred address for affluent homebuyers.
Ajit Jain, Vice-Chairman of Insurance Operations at Berkshire Hathaway, has acquired an ultra-luxury apartment in DLF The Camellias, Gurugram, in a transaction valued at approximately INR 85 crore, according to property market sources and media reports. The purchase was concluded this week and adds another marquee deal to the city's high-end residential market. Advertisement
The residence, measuring about 7,400 square feet, is situated within DLF The Camellias, a 17.5-acre luxury project in one of Gurugram's most prestigious sectors. The transaction is understood to be among the highest-priced deals for this specific configuration and reportedly sets an effective benchmark of around INR 1.10 lakh per square foot for units of this size in the development. Brokers familiar with the deal said documentation was completed recently when Jain travelled to Delhi to formalise the purchase.
Industry participants described the acquisition as a reflection of persistent demand from ultra-high-net-worth individuals and globally mobile buyers in India's luxury housing segment. The Camellias has emerged as a marquee address in the National Capital Region (NCR), offering high-end amenities, extensive privacy features and a premium lifestyle that has appealed to both domestic and overseas investors. Demand for such residences has remained strong, with several high-value transactions recorded in recent quarters.
Observers noted that Gurugram's ultra-luxury home market has been particularly active, with total sales in the INR 10 crore and above segment reaching record values. Brokers point to factors such as proximity to corporate hubs, international connectivity and superior lifestyle infrastructure that have bolstered the city's appeal relative to mature luxury markets like Mumbai. The purchase by Jain, a globally recognised business executive of Indian origin, underscores that trend.
Market analysts highlighted that ultra-luxury residential transactions often serve as sentiment indicators for broader confidence in premium real estate. The Camellias developed by DLF Ltd has hosted several noteworthy deals in recent years, with high-net-worth individuals and foreign buyers making significant investments. This latest acquisition further consolidates Gurugram's reputation as a hub for trophy homes among India's affluent and global elite.
While official comment from Jain or DLF was not immediately available, real estate advisors indicated that the property was intended for end use rather than speculative investment, coinciding with reports of increased global mobility among affluent Indians and their preference for managed luxury residences that can also serve as family homes during regular visits.
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