New Delhi: Gurugram is fast emerging as a hub for ultra-luxury residential properties, and the latest high-profile buyer is Ajit Jain, the Vice Chairman of Insurance Operations at Berkshire Hathaway and one of Warren Buffett’s most trusted executives. Jain, a Non-Resident Indian (NRI) and an alumnus of IIT Kharagpur, has purchased a ₹85 crore (approx. $10 million) flat in the prestigious DLF The Camellias development. The sprawling apartment spans 7,400 sq. ft. and was finalized during Jain’s recent visit to Delhi.
NRIs Drive Ultra-Luxury Demand
According to The Economic Times, NRIs contribute over 25% of sales in DLF’s ultra-luxury segment, and Ajit Jain is among the most prominent of these buyers. Such projects are particularly attractive to wealthy NRIs who spend a few months in India but prefer residences offering all premium amenities in a gated community. Jain is regarded as one of the most influential Indian business leaders in the U.S.
Post-Pandemic Shift in Buying Patterns
Real estate experts note that after the COVID-19 pandemic, high-net-worth individuals increasingly prefer gated apartments over standalone bungalows, as these offer comprehensive amenities in a single location. Recently, a leading industrialist purchased four flats worth ₹380 crore in DLF’s new super-luxury project The Dahlias, marking one of India’s most expensive residential deals.
Gurugram Overtakes Traditional Luxury Hubs
Property prices in Gurugram have surged rapidly. In 2025, Gurugram surpassed Delhi’s Lutyens’ Zone in high-end real estate rates, with per square foot prices now exceeding Mumbai’s and rivaling global cities like London and Dubai.
Historic Deals in the Ultra-Luxury Segment
Other notable ultra-luxury transactions include British businessman Sukhpal Singh Ahluwalia, who acquired an 11,416 sq. ft. apartment for ₹100 crore, and InfoX Software Technology’s director Rishi Party, who purchased a 16,000 sq. ft. penthouse for ₹190 crore.
Gurugram Leading India’s Ultra-Luxury Market
The latest High-End Luxury Housing Report by India Sotheby’s International Realty (ISIR) and CRE Matrix highlights that in 2025, sales of homes priced ₹10 crore and above reached ₹24,120 crore. Gurugram has firmly established itself as India’s fastest-growing ultra-luxury residential market, even surpassing Mumbai in total transaction value.
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