NEW DELHI: Ajit Jain, vice-chairman of insurance operations at Berkshire Hathaway, has purchased a 7,400 sq ft apartment at DLF The Camellias in Gurugram for approximately ₹85 crore, according to sources familiar with the transaction. Jain, who typically resides outside India, traveled to Delhi recently to complete the deal.
“NRIs account for over 25% of DLF’s ultra-luxury market, and Jain is a leading figure among them,” noted a source involved with the transaction. “The extensive amenities in such projects are major attractions for individuals who want temporary residences in India.”
Jain did not respond to inquiries via email.
Real estate experts report that post-pandemic, ultra-high-net-worth individuals (UHNIs) increasingly prefer gated condominiums over standalone properties, benefiting from comprehensive facilities on-site.
Recently, RealtyDailyNews highlighted an industrialist’s purchase of four apartments at DLF’s new luxury development, The Dahlias, totaling nearly ₹380 crore, marking one of the highest-value apartment transactions in India.
Gurugram has recently seen record property transactions in NCR, surpassing Lutyens Delhi for the first time. Property prices there have overtaken Mumbai and are now comparable to London and Dubai. Previously, British businessman Sukhpal Singh Ahluwalia acquired an 11,416 sq ft unit in the same project for ₹100 crore.
Info-x Software Technology, represented by director Rishi Parti, also made headlines by acquiring a 16,000 sq ft penthouse for ₹190 crore.
In October 2023, RealtyDailyNews announced the first ₹100-crore transaction in the same residential complex located on Golf Course Road in Gurugram.
