Bengaluru: Tariq Premji, the son of billionaire philanthropist and Wipro founder Azim Premji, has acquired a luxury duplex penthouse in central Bengaluru for Rs 45.7 crore, according to property registration documents shared by Zapkey.
Property Details
The apartment is located at "27 Summit," an ultra-luxury residential tower in Sampangiramnagar, near the city's central business district (CBD). The project has been developed by Maia Estates-backed Nestled Haven Developers. The transaction was registered in February this year.
The duplex penthouse, identified as Penthouse B, spans the 25th and 26th floors of the tower. It boasts a carpet area of 7,065 square feet and a super built-up area of 10,602 square feet. The deal also includes 11 covered car parking spaces.
The sale consideration stood at Rs 45.71 crore, which works out to approximately Rs 43,123 per square foot on the super built-up area, as per the documents. The project received its occupancy certificate in April 2025.
Market Context
"The purchase of a penthouse at 27 Summit for over Rs 45.7 crore stands out as one of the largest residential deals in Bengaluru this year," said Sandeep Reddy, cofounder of property data analytics platform Zapkey. "We have seen a steady trickle of high-value transactions registered at 27 Summit in the past. But a ticket size of this magnitude underscores the building’s position as a landmark ultra-luxury destination in Bengaluru’s CBD," he added.
The deal comes amid a sharp rise in high-value residential transactions in Bengaluru. India’s technology capital, long considered more affordable than Mumbai or Delhi NCR, has seen a steady increase in ultra-luxury home purchases by startup founders, business families, and senior executives.
Last year, Infosys founder NR Narayana Murthy bought a second apartment in Kingfisher Towers for around Rs 50 crore, while Quest Corp chairman Ajit Isaac purchased a Koramangala property for Rs 67.5 crore. Earlier, Esencia Partners, a firm linked to Manipal Hospitals chairman Ranjan Pai, acquired a Lavelle Road property for Rs 165.6 crore.
According to a 2025 report by India Sotheby’s International Realty and CRE Matrix, Bengaluru’s Rs 10 crore-and-above housing market crossed Rs 1,000 crore in annual sales for the first time in 2024-25.
