Omaha-based global investment giant Berkshire Hathaway’s Vice Chairman of Insurance, Ajit Jain, has purchased a 7,400-square-foot apartment for ₹85 crore at Gurugram’s famous DLF Camellias, Hindustan Times reported on Tuesday, 24 February.
Ajit Jain, who has mostly lived outside India, reportedly traveled to Delhi to finalize the luxury apartment deal.
According to the HT report, NRIs continue to account for nearly 15–20% of buyers at The Camellias, with interest coming primarily from the US, UK, Singapore, Hong Kong and the Middle East.
The amenities offered by luxury housing projects like DLF Camellias attract people who are looking to stay for a few months in India. The report quoted industry insiders as saying that ongoing geopolitical uncertainties have further encouraged high-net-worth individuals to maintain a residential base in India, both as a personal anchor and as a strategic real estate investment.
Ajit Jain is also known as one of the most influential Indian business leaders in the United States.
Gurugram property prices
Located in Gurugram, DLF Camellias is one of the most luxurious housing projects in India, which attracts a lot of high-net-worth individuals to buy properties.
According to media reports, after the COVID-19 global pandemic, people are preferring gated communities instead of standalone bungalows as they can use the facilities present inside their compound.
As per an India Sotherby’s International Realty (ISIR) report, cited by news agency PTI, the luxury home sales in Gurugram have risen 80% to ₹24,120 crore in 2025, fueled by higher volume and an increase in prices.
The report highlighted that the city has become India’s fastest-growing luxury residential market with transactions reaching an all-time high of ₹24,120 crore for homes priced at ₹10 crore and above in 2025, compared to its earlier level of ₹13,384 crore in 2024.
Who is Ajit Jain?
Ajit Jain, who was born in 1950, holds a mechanical engineering degree from IIT Kharagpur. Before working at Berkshire Hathaway, he also worked briefly with IBM as an engineer and salesperson back in 1972.
In 1986, Jain joined Berkshire’s National Indemnity Co, thereby entering the global investment conglomerate, Berkshire Hathaway. Over the years, he worked with founder Warren Buffett, eventually becoming a ‘trusted’ senior official at the company.
At a shareholders’ meeting of the company, Buffett once mentioned that he completely trusts Indian-origin Ajit Jain regarding his conglomerate’s ventures into artificial intelligence (AI). Jain is currently serving the company as the vice chairman of insurance operations.
