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, as per property registration documents provided by Zapkey. The apartment is situated in “27 Summit,” an ultra-luxury residential tower located in Sampangiramnagar, close to the city’s CBD.
This project has been developed by Nestled Haven Developers, backed by Maia Estates. The transaction was officially registered in February of this year. The duplex penthouse, designated as Penthouse B, occupies the 25th and 26th floors of the tower. It features a carpet area of 7,065 square feet and a super built-up area of 10,602 square feet. Additionally, the deal includes 11 covered car parking spaces.
The sale price was recorded at Rs 45.71 crore, which translates to approximately Rs 43,123 per square foot based on the super built-up area, according to the documents. The project received its occupancy certificate in April 2025.
“The acquisition of a penthouse at 27 Summit for over Rs 45.7 crore is notable as one of the largest residential transactions in Bengaluru this year,” remarked Sandeep Reddy, co-founder of the property data analytics platform Zapkey. “We have observed a consistent flow of high-value transactions registered at 27 Summit in the past. However, a transaction of this scale highlights the building’s status as a premier ultra-luxury destination in Bengaluru’s CBD,” he further stated.
This deal occurs amidst a significant increase in high-value residential transactions in Bengaluru. India’s technology hub, which has traditionally been viewed as more affordable than Mumbai or Delhi NCR, is experiencing a steady rise in ultra-luxury home acquisitions by startup founders, business families, and senior executives.
Last year, Infosys founder NR Narayana Murthy purchased a second apartment in Kingfisher Towers for approximately Rs 50 crore, while Quest Corp chairman Ajit Isaac acquired a property in Koramangala for Rs 67.5 crore. Previously, Esencia Partners, a firm associated with Manipal Hospitals chairman Ranjan Pai, secured 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
