Berkshire Hathaway's Ajit Jain Reportedly Acquires ₹85 Crore Ultra-Luxury Apartment at DLF The Camellias in Gurugram

Ajit Jain, the vice-chairman of insurance operations at Berkshire Hathaway and one of the most trusted associates of legendary investor Warren Buffett, has reportedly purchased a sprawling 7,400 sq ft ultra-luxury apartment at DLF The Camellias in Gurugram for an estimated ₹85 crore, according to sources familiar with the transaction.

Jain, widely recognised as one of the most influential Indian-origin executives in corporate America, is said to have recently travelled to the national capital to finalise the acquisition. He has reportedly spent most of his career and personal life outside India, making this purchase a notable move in the Indian ultra-luxury property market.

Transaction Overview

The deal reportedly further solidifies DLF The Camellias' position as one of India's most prestigious and expensive residential addresses. The project has consistently attracted high-profile buyers, including top businessmen who have acquired luxury residences at The Camellias in recent years.

NRI Demand Continues to Surge in the Ultra-Luxury Segment

Industry sources suggest that non-resident Indians (NRIs) now account for over 25 percent of DLF's ultra-luxury portfolio sales. Jain is reportedly among the most high-profile NRIs to have invested in the project, underscoring a broader trend of NRI investments hitting all-time highs in 2025.

According to market observers, luxury developments offering concierge services, world-class clubhouses, private elevators, and gated security have become a major draw for global Indians looking to secure premium residences in India for seasonal stays. Those considering such investments can refer to the comprehensive NRI guide to buying property in India for detailed insights on the legal and financial process.

Experts note that post-pandemic preferences among ultra-high-net-worth individuals (UHNIs) have shifted significantly, with a growing number reportedly favouring secure, fully serviced condominiums over standalone bungalows. This trend is consistent with the wider pattern of NRIs driving India's real estate boom across major metros.

Gurugram Overtakes Lutyens Delhi in Premium Property Transactions

Gurugram has reportedly recorded the costliest residential transactions in the Delhi-NCR region in 2025, overtaking the traditionally dominant Lutyens Delhi zone for the first time. Per-square-foot pricing in select micro-markets along Golf Course Road has reportedly surpassed benchmarks in Mumbai and is now considered comparable to global cities such as London and Dubai, according to industry analysts. The city's evolving market has prompted many buyers to study the complete guide to Gurgaon circle rates before making investment decisions.

DLF The Camellias has been at the centre of several headline-making transactions in recent months. British entrepreneur Sukhpal Singh Ahluwalia reportedly purchased an 11,416 sq ft apartment for approximately ₹100 crore. In another landmark deal, Info-x Software Technology, through director Rishi Parti, reportedly acquired a massive 16,000 sq ft penthouse for around ₹190 crore in what was described as Gurugram's most expensive luxury deal. These transactions have collectively established The Camellias as a benchmark for ultra-premium residential pricing in India.

What Is Driving Billionaire Buyers to Gurugram?

Several key factors are reportedly fuelling the surge in ultra-luxury demand across Gurugram. The city's proximity to Delhi and Indira Gandhi International Airport remains a significant advantage for business leaders and global executives. Additionally, the concentration of corporate headquarters and multinational offices has made the Golf Course Road micro-market one of the most sought-after addresses in the country.

Gurugram's integrated gated developments now reportedly offer amenities at par with global luxury standards, while the availability of large-format apartments gives it a distinct edge over land-constrained markets such as Mumbai. Recent launches like the Trump Residences Gurugram selling out ₹3,250 crore in a single day and the Elan Group's ₹1,100 crore ultra-luxury project on Dwarka Expressway further highlight the city's growing appeal.

Meanwhile, emerging micro-markets such as Sector 89 in Gurugram are emerging as NCR's next residential growth hubs, broadening the city's luxury footprint beyond its traditional corridors. Major developers including Shapoorji Pallonji have also made significant bets on Gurugram real estate with multi-crore project launches.

Broader Market Implications

Ajit Jain's acquisition reportedly reinforces several emerging trends in India's premium housing landscape. It signals rising NRI confidence in Indian luxury real estate, Gurugram's growing dominance in the ₹50 crore-plus segment, and an increasing appetite for branded gated communities among ultra-wealthy buyers. The deal also reflects the growing globalisation of NCR's premium housing market, a trend explored in detail in the analysis of why India's luxury housing market is set to soar in 2025.

Ultra-luxury condominiums are increasingly being viewed as lifestyle assets rather than purely residential investments, with wealthy individuals reportedly treating them as part of a broader real estate compounding strategy favoured by India's ultra-rich. DLF's own ambitions reflect this momentum, with the company recently announcing plans for massive ₹17,000 crore residential launches in FY26 and setting an ambitious ₹20,000-22,000 crore sales target on the back of strong luxury demand.

Gurugram's Rise as India's Ultra-Luxury Capital

Ajit Jain's ₹85 crore acquisition at DLF The Camellias reportedly underscores Gurugram's transformation into India's leading ultra-luxury real estate hub. With per-square-foot rates now rivalling global cities and sustained NRI participation, the Millennium City has firmly positioned itself at the pinnacle of the NCR property market.

As high-net-worth buyers continue to favour secure, amenity-rich condominiums, Gurugram's premium residential landscape is expected to witness further landmark transactions in the coming quarters. NRIs exploring property investments in the region may also benefit from understanding the latest NRI property sale TDS rules and repatriation guidelines and learning how NRIs can protect their property rights in India.

Disclaimer: This article is intended for informational purposes only and should not be construed as investment, financial, or legal advice. The information presented is based on publicly available reports and sources believed to be reliable at the time of publication. Readers are advised to independently verify all facts, figures, and claims before making any property-related decisions. Real estate investments are subject to market risks, and past transactions do not guarantee future returns. Ghar.tv does not endorse or promote any specific developer, project, or investment opportunity mentioned in this article.