Meet Ajit Jain of Berkshire Hathaway who bought apartment at DLF Camellias in Gurugram for Rs 85 crore

Gurugram: Ajit Jain of Berkshire Hathaway buys apartment at DLF Camellias for Rs 85 crore, says report

• Ajit Jain buys DLF Camellias apartment for Rs 85 crore
• Jain is a top Berkshire executive and influential Indian American business leader
• Gurugram leads India in ultra-luxury home sales by value in 2025

Did our AI summary help?

Ajit Jain of Berkshire's insurance operations bought a 7,400 sq ft apartment at Gurugram's DLF Camellias for Rs 85 crore, sources aware of the development said on February 24.

Jain reportedly travelled to Delhi recently to finalise the transaction, they said.

Market observers said that in the post-Covid period, ultra-high-net-worth individuals (UHNIs) are increasingly favouring gated condominiums over standalone bungalows, drawn by the convenience of integrated amenities, enhanced security and access to shared lifestyle facilities within a single development.

Who is Ajit Jain?

Jain is vice-chairman of insurance operations at US conglomerate Berkshire Hathaway. He is touted as one of the most influential Indian business leaders in the US.

Born in India, Jain joined Omaha, Nebraska-based Berkshire in 1986 and led its expansion in reinsurance, with a specialty in pricing for large risks such as natural catastrophes.

Berkshire founder Warren Buffett has credited Jain with adding tens of billions of dollars of shareholder value, and once said that if he, Jain, and late vice chairman Charlie Munger were in a sinking boat and only one could be saved, "Swim to Ajit."

Jain earned a B.Tech in Mechanical Engineering from IIT Kharagpur (1972) and an MBA from Harvard Business School (1978). Jain now mostly lives out of India.

Jain is an older cousin of Anshu Jain, who was the former Co-CEO of Deutsche Bank.

Big ticket deals in Gurugram

Gurugram has in the recent years seen several big-ticket luxury property deals.

Last year, in what was being seen as one of the largest residential property transactions in North India’s super-luxury housing segment, a Delhi-NCR-based businessman had purchased four luxury apartments in DLF’s latest super-luxury offering ‘The Dahlias’ in Gurugram for Rs 380 crore.

Former cricketer Shikhar Dhawan too has purchased an apartment at DLF’s latest super-luxury offering in Gurugram - The Dahlias - for Rs 69 crore.

The Dahlias is DLF’s latest upcoming super-luxury project located on Golf Course Road within Golf Links in Gurugram. DLF5 Golf Links is also home to other high-rise developments such as The Camellias, The Aralias and The Magnolias.

In December 2024, Rishi Parti, CEO and founder of Gurugram-based Info-X Software Technology, had bought a 16,290 sq. ft. penthouse for Rs 190 crore in DLF The Camellias, making it one of the costliest apartment deals in North India.

In January 2024, Smiti Agarwal, a director at Wesbok Lifestyle and wife of V Bazaar CMD Hemant Agarwal, bought an apartment in The Camellias for Rs 95 crore.

Meanwhile, in a striking reshaping of India’s luxury housing map, Gurugram has surged ahead of Mumbai to become the country’s largest market by value for ultra-luxury homes priced at Rs 10 crore and above in 2025.

According to the latest High-End Luxury Housing Report by India Sotheby’s International Realty and CRE Matrix, Gurugram clocked transactions worth Rs 24,120 crore in the Rs 10-crore-plus segment during calendar year 2025 — a record for any Indian city. Mumbai has sold ultra-luxury homes worth Rs 21,902 crore in the Rs 10 crore and above category in 2025.