Ajit Jain Buys ₹85 Crore Apartment in Gurugram

• ₹85 crore deal for 7,400 sq ft apartment at DLF The Camellias

• Gurugram emerging as NCR’s ultra-luxury property hotspot

• NRIs contribute over 25% to DLF’s premium housing portfolio

Ajit Jain, Vice Chairman of Insurance Operations at Berkshire Hathaway, has purchased a high-end apartment worth around ₹85 crore in Gurugram.

The 7,400 sq ft residence is located at DLF The Camellias, one of the most exclusive residential developments in the National Capital Region (NCR). According to reports, Jain recently travelled to Delhi to finalise the transaction.

Gurugram has rapidly positioned itself as a prime destination for ultra-premium housing. In recent years, the city has recorded some of the most expensive apartment deals in the Delhi-NCR market — even surpassing traditional luxury hubs like Lutyens’ Delhi in total transaction values.

Property consultants note that post-pandemic buying patterns have shifted, with ultra-high-net-worth individuals (UHNIs) preferring secure, gated condominiums over standalone bungalows. Projects such as The Camellias offer private clubhouses, concierge services, wellness centres, landscaped greens, and advanced security systems — features that appeal particularly to Non-Resident Indians (NRIs) who spend limited time in India but expect global living standards.

Industry insiders say NRIs already account for over 25% of DLF’s ultra-luxury sales portfolio, and Jain’s purchase further underlines that trend.

The Gurugram luxury segment has seen several headline-grabbing transactions recently. At The Dahlias, another premium development by DLF Limited, an industrialist reportedly acquired four apartments for nearly ₹380 crore.

British businessman Sukhpal Singh Ahluwalia is also said to have purchased an 11,416 sq ft apartment for ₹100 crore in the same project. In another major transaction, Rishi Parti, director of Info-x Software Technology, reportedly bought a 16,000 sq ft penthouse for ₹190 crore.

Such deals indicate that Gurugram’s per square foot pricing is now competing with global cities, placing it on par with international luxury destinations.

Who Is Ajit Jain?

Ajit Jain is regarded as one of the most influential Indian-origin executives in global finance. An alumnus of the Indian Institute of Technology Kharagpur, he began his career selling IBM computers before moving to the United States to pursue higher studies at Harvard University.

In 1986, he joined Berkshire Hathaway under the leadership of legendary investor Warren Buffett. Despite having no prior insurance background, Jain rose swiftly within the organisation and went on to lead its reinsurance operations. Over the decades, he has been credited with designing complex risk policies and contributing billions of dollars in profits to the conglomerate.

Jain’s purchase signals continued strength in India’s ultra-luxury residential market, particularly in Gurugram. With strong NRI participation, high-end amenities, and limited supply of premium inventory, the city is increasingly becoming the preferred address for global Indian business leaders and investors.