Ajit Jain, Vice-Chairman of insurance operations at Berkshire Hathaway, has acquired a super-luxury apartment worth around ₹85 crore in Gurugram, in one of the country’s most exclusive residential developments, DLF Camellias.
The apartment, spread across roughly 7,400 square feet, is part of a gated community known for its high-end amenities, privacy and strong security. Sources indicated that Jain was recently in India to complete the transaction. The purchase places him among a growing list of global Indian business leaders and ultra-high-net-worth individuals investing in premium homes in the National Capital Region.
The deal highlights the continued boom in India’s luxury housing segment, particularly in Gurugram, which has emerged as a preferred destination for high-value real estate investments. Industry observers say the city has seen a sharp rise in sales of homes priced above ₹10 crore over the past year, driven by strong demand from top executives, entrepreneurs and non-resident Indians.
Real estate experts note that many wealthy buyers now prefer luxury condominiums in integrated townships over independent houses. Such projects offer managed services, lifestyle facilities, and the convenience of a secure lock-and-leave format for owners who live abroad but visit India periodically.
Non-resident Indians account for a significant share of purchases in projects like The Camellias, with buyers largely coming from the United States, the United Kingdom, Singapore and the Middle East. Apart from lifestyle considerations, these properties are increasingly seen as long-term investments and a base in India amid global economic and geopolitical uncertainties.
Jain is regarded as one of the most influential Indian-origin executives in global finance and a key aide to legendary investor Warren Buffett. An alumnus of IIT Kharagpur and Harvard Business School, he joined Berkshire Hathaway in 1986 and built its reinsurance operations into a major profit centre.
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