Wipro founder Azim Premji’s son buys house worth Rs 45.7 crore in Bengaluru

Bengaluru: Tariq Premji, billionaire philanthropist and son of Wipro Founder Azim Premjihas bought a luxury duplex penthouse in central Bengaluru for Rs 45.7 crore, according to property registration documents shared via Zapkey. The apartment is located at “27 Summit”, an ultra-luxury residential tower in Sampangiramnagar near the city’s CBD. The project is 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. Its carpet area is 7,065 sq ft and super built-up area is 10,602 sq ft. The deal also includes 11 covered car parking spaces. The sale consideration stood at Rs 45.71 crore. Documents show that the price on super built-up area is around Rs 43,123 per square.The project received its occupancy certificate in April 2025.“The purchase of a penthouse at 27 Summit for over Rs 45.7 crore is one of the biggest residential deals in Bengaluru this year,” said Sandeep Reddy, co-founder of property data analytics platform Zapkey.“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 underlines the building’s status as a landmark ultra-luxury destination in Bengaluru’s CBD,” he said.The deal comes amid a sharp increase in high-value residential transactions in Bengaluru. India’s technology capital, long considered more affordable than Mumbai or Delhi NCR, has seen a steady rise 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 bought a Koramangala property for Rs 67.5 crore. Earlier, Essentia Partners, a company linked to Manipal Hospitals chairman Ranjan Pai, had acquired the Lavelle Road property for Rs 165.6 crore.Bengaluru’s Rs 10 crore and above housing market is set to cross Rs 1,000 crore in annual sales for the first time in 2024-25, according to a 2025 report by India Sotheby’s International Realty and CRE Matrix.