Azim Premji’s son Tariq bought a luxury penthouse in central Bengaluru for ₹ 45.7 crore | Today’s news
Bengaluru: Tariq Premji, non-executive director of Wipro Enterprises Ltd, has bought a penthouse for ₹45.71 crore in a luxury property named 27 Summit in central Bengaluru.
Located in Sampangiram Nagar, the penthouse occupies an area of 7,065 sq. ft. of carpet area and occupies the 25th and 26th floors of a luxury residential tower. It also comes with 11 parking spaces, according to a sales document accessed by real estate data platform Zapkey. The seller of the penthouse is Nestled Haven Developers LLP, part of real estate developer MAIA Estates.
Tariq, the younger son of Wipro Ltd founder Azim Premji, is also the vice-president of the Azim Premji Endowment Fund.
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Last year, another penthouse in the same project was sold with a carpet area of 7,065 square feet ₹54.38 crore from Nestled Haven Developers to the CEO of UK Market Financial Solutions.
“The purchase of the penthouse at ’27 Summit’ is now closed ₹45.7 crore stands out as one of the biggest residential deals in Bengaluru this year. We have seen a steady stream of high-value transactions registered at the 27th Summit in the past, but a ticket size of this magnitude underscores the building’s position as a major ultra-luxury destination in the central business district,” said Sandeep Reddy, co-founder of Zapkey.
A spokesman for MAIA Estates declined to comment. A Wipro spokesperson did not respond to queries. Tariq Premji could not immediately be reached.
Mumbai, India’s most valuable real estate market, and Gurugram have so far topped the charts for a record number of luxury deals, including many ₹100 million transactions. However, Bengaluru, which has always been a more affordable city to live in, is catching up.
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Very wealthy individuals in the city are buying prime real estate for both personal use and investment purposes.
Last year, Shruti Pai, founder and director of Sagework Design, bought a 12,800-square-foot luxury duplex for ₹64 crore in a boutique apartment complex in Bengaluru in one of the most expensive residential deals in the city.
Sale of houses in ₹The Rs 40-60 crore category in Bengaluru has picked up steam over the last couple of years, driven by Indians, family offices and wealthy locals looking for modern homes. First time in Bengaluru ₹The luxury market has crossed 10 million and above ₹1,000 crore in annual revenue by 2024-25, setting a new benchmark for the city’s premium housing sector, according to India Sotheby’s International Realty and CRE Matrix 2025 report.
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The report highlighted strong interest in apartment sizes from 5,000 to 7,000 square feet, reflecting a growing desire for spacious and luxurious living.
In 2024, Bengaluru-based Quess Corp chairman and CEO Ajit Isaac bought a 10,000 sq. ft. property ₹67.5 crore in the prime Koramangala area, making it the most expensive residential transaction in the city.
“Across the city, the ultra-luxury market is diverging from broader residential trends; ultra-high-net-worth individuals are increasingly willing to pay a significant premium for unique ‘villa-in-the-sky’ concepts that offer absolute privacy, low density and premium design,” added Zapkey’s Reddy.
