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A Rs 45.71 crore penthouse deal has put Bengaluru’s luxury housing market back in the spotlight. Wipro heir Tariq Premji’s sprawling sky mansion even comes with 11 parking spaces
Real estate analysts say affluent buyers are increasingly focusing on large-format homes in core city locations rather than conventional residential projects on the outskirts.
Tariq Premji, the younger son of Azim Premji, has purchased an ultra-luxury penthouse in central Bengaluru for Rs 45.71 crore, according to property registration documents accessed through real estate data analytics platform Zapkey.
The duplex apartment is located in 27 Summit, a premium residential tower in Sampangiramnagar developed by Nestled Haven Developers LLP, a subsidiary of Bengaluru-based MAIA Estates.
Details Of The Luxury Penthouse
Registration records show the apartment has a carpet area of 7,065 sq ft and a super built-up area of 10,602 sq ft. Based on the super built-up size, the deal values the property at roughly Rs 43,123 per sq ft. The purchase also includes 11 covered basement parking spaces along with an undivided land share measuring 2,952 sq ft.
Industry experts say the transaction ranks among Bengaluru’s biggest residential property deals of the year. Sandeep Reddy, co-founder of Zapkey, said the scale of the deal highlights the growing appeal of high-end residences in the city’s central business district.
Why 27 Summit Is Drawing Attention
Located off Richmond Road in central Bengaluru, 27 Summit spans around 2.61 acres and comprises 75 residences ranging from 3 BHK apartments to larger 4.5 BHK configurations, as reported by Money Control. The project has increasingly attracted ultra-high-net-worth buyers looking for spacious, low-density developments in prime city locations.
According to market observers, demand for ‘villa-in-the-sky’ style residences has grown sharply among startup founders, senior technology executives, business families and wealthy investors seeking privacy, exclusivity and premium design.
Sandeep Reddy noted that while the development has seen several high-value transactions earlier, a purchase of this size further cements its position as one of Bengaluru’s landmark ultra-luxury addresses.
Bengaluru’s Luxury Housing Market Continues To Surge
Bengaluru’s premium housing segment has remained active over the past year, particularly in central and established neighbourhoods such as Sampangiramnagar, Richmond Town, Indiranagar and Koramangala.
Real estate analysts say affluent buyers are increasingly focusing on large-format homes in core city locations rather than conventional residential projects on the outskirts.
MAIA Estates has emerged as a prominent player in this segment, with a focus on boutique luxury developments across Bengaluru.
Who Is Tariq Awards?
Tariq Premji is associated with the Premji family office and investment platform, Premji Invest, which manages investments across sectors including technology, healthcare, consumer businesses, financial services and growth-stage ventures. The investment arm has backed several Indian startups and companies over the years and is regarded as one of the country’s leading private investment platforms.
Tariq completed his commerce degree from St Joseph’s College in Bengaluru. In 2018, he was appointed to the board of Wipro Enterprises and is also involved with the Azim Premji Foundation.
His father, Azim Premji, is widely regarded as one of India’s most influential business leaders and philanthropists, having committed a substantial portion of his wealth towards education and social development initiatives through the foundation.
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