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BENGALURU: Tariq Premji, son of renowned philanthropist and Wipro founder Azim Premji, has purchased a luxury duplex penthouse in central Bengaluru for ₹45.7 crore, as per property registration documents from Zapkey.
The apartment is situated in “27 Summit,” an ultra-luxurious residential tower in Sampangiramnagar, close to the city’s CBD. Developed by Maia Estates-backed Nestled Haven Developers, the transaction was recorded in February of this year.
The duplex, known as Penthouse B, occupies the 25th and 26th floors of the tower, covering a carpet area of 7,065 square feet and a super built-up area of 10,602 square feet. The sale also includes 11 covered parking spaces, with the total transaction amounting to ₹45.71 crore. This breaks down to approximately ₹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.
“Securing a penthouse at 27 Summit for over ₹45.7 crore marks one of Bengaluru’s largest residential transactions of the year,” stated Sandeep Reddy, co-founder of the property data analytics firm Zapkey.
“There has been a consistent flow of high-value transactions at 27 Summit in the past, but this scale emphasizes the building’s status as a premier ultra-luxury destination in Bengaluru’s CBD,” he added.
This transaction occurs within the context of a significant increase in high-value residential sales in Bengaluru. Historically viewed as more affordable than cities like Mumbai or Delhi NCR, India’s tech hub has witnessed a rise in ultra-luxury home acquisitions by startup founders, affluent families, and senior executives.
Last year, Infosys founder NR Narayana Murthy purchased a second apartment in Kingfisher Towers for approximately ₹50 crore, while Quest Corp chairman Ajit Isaac bought a property in Koramangala for ₹67.5 crore. Earlier, Esencia Partners, linked to Manipal Hospitals chairman Ranjan Pai, acquired a property on Lavelle Road for ₹165.6 crore.
According to a report from India Sotheby’s International Realty and CRE Matrix, Bengaluru’s housing market for properties priced at ₹10 crore and above exceeded ₹1,000 crore in annual sales for the first time in 2024-25.
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