Tariq Premji Bags ₹45.71 Cr ‘Villa in the Sky’ in Central Bengaluru
Key Highlights of the Deal
Transaction & Layout Particulars
Capital Outlay: Concluded at an absolute value of ₹45.71 crore, establishing a formidable benchmark for the city’s central micro-markets this year.
The Configuration: A sprawling multi-level duplex layout (Penthouse B) positioned high up on the 25th and 26th stories.
Space Dimensions: Encompasses 7,065 square feet of clear carpet area and scales up to a total super built-up footprint of 10,602 square feet.
Unit Pricing: Reflects a premium rate of roughly ₹43,123 per square foot when calculated against the total built-up area.
Exclusive Allocations: The deal includes an uncommonly large parcel of 11 secured basement vehicle berths alongside a 2,952-square-foot undivided stake in the project land.
🏢 Development & Location Characteristics
The Property: Hosted within “27 Summit”, an ultra-premium high-rise situated in Sampangiramnagar—an understated neighborhood valued for its low-density urban layout.
The Developer Force: Executed by Nestled Haven Developers LLP, a development vehicle backed by premium luxury builder MAIA Estates.
Project Status: Fully finished and ready for immediate fit-outs, with the official occupancy certificate issued in April 2025.
📈 Buyer Profile & Micro-Market Shifts
The High-Profile Investor: Tariq Premji, younger son of tech titan Azim Premji. He oversees critical operations as Vice President of the Azim Premji Endowment Fund and serves on the board of Wipro Enterprises.
The Wider Market Indicator: The transaction highlights a profound structural shift in Bengaluru’s high-end property landscape. Driven by corporate scions, venture partners, and returning expatriates, demand for vertical luxury estates has completely decoupled from standard market trends, pushing the city’s elite ₹10-crore-plus housing tier past historic transaction volumes.
BENGALURU: The upper echelon of Bengaluru’s luxury housing market has logged another landmark transaction. Tariq Premji, son of tech pioneer and legendary philanthropist Azim Premji, has acquired a sprawling duplex penthouse in the heart of the city for a consideration of ₹45.71 crore.
According to public property registration records, the high-profile transaction emphasizes an escalating appetite among India’s ultra-high-net-worth individuals (UHNWIs) for exclusive, low-density vertical estates located within immediate striking distance of prime urban business districts.
Anatomy of an Ultra-Luxury Asset
The newly registered residence is located inside “27 Summit”, a premium tower in Sampangiramnagar—a pocket of central Bengaluru valued for its understated profile and low-density footprint.
The project was developed by Nestled Haven Developers LLP, an entity associated with Bengaluru-based luxury developer MAIA Estates. Designed to mirror the expansive privacy of independent bungalows while leveraging the security and views of a high-rise, the property positions itself at the absolute apex of the city’s vertical luxury market.
The core metrics of the transaction present an impressive layout:
| Asset Attribute | Metric & Details |
| Unit Type | Luxury Duplex Penthouse (Penthouse B) |
| Location | 27 Summit, Sampangiramnagar, Central Bengaluru |
| Floor Placement | 25th and 26th Floors |
| Carpet Area | 7,065 square feet |
| Super Built-Up Area | 10,602 square feet |
| Total Consideration | ₹45.71 Crore |
| Calculated Rate | ~₹43,123 per sq. ft. (on super built-up area) |
| Allocated Parking | 11 covered basement car spaces |
| Undivided Land Share | 2,952 square feet |
The project, which received its occupancy certificate in early 2025, stands out for its high unit-to-acre ratio. The layout features soaring sky decks and bespoke architectural finishes tailored to multi-generational family wealth.
The Geography of Central Power Corridors
While traditional wealth pockets in Bengaluru have historically gravitated toward sprawling villa developments in the suburbs or established enclaves like Koramangala, the appeal of Sampangiramnagar lies in its immediate proximity to the Central Business District (CBD).
The property sits just minutes away from major commercial and luxury lifestyle epicenters:
Lavelle Road & MG Road: Providing instant entry to elite fine dining, luxury retail, and premier corporate offices.
Richmond Road & Residency Road: Offering seamless connectivity across central transit networks.
For corporate leaders and legacy investors, this location eliminates the city’s infamous commuting friction while preserving a quiet, elite residential retreat.
The Legacy Connection
The buyer, Tariq Premji, is deeply involved in managing the broader Premji ecosystem. He serves as a Non-Executive Director on the board of Wipro Enterprises and plays a critical operational role as the Vice President of the Azim Premji Endowment Fund. An alumnus of Bengaluru’s St. Joseph’s College of Commerce, his choice to anchor a major residential asset in central Bengaluru further cements the family’s deep roots in the city’s evolving landscape.
Market Perspective: The Rise of the Vertical Mansion
Local micro-market trackers point out that this transaction represents one of the largest single-ticket residential acquisitions executed in Bengaluru recently. Observers indicate that while isolated high-value bookings have consistently filtered out of 27 Summit since its launch, a deal crossing the ₹45-crore threshold sets an entirely new pricing benchmark for the central micro-market.
Historically, transactions of this scale were almost exclusively concentrated in South Mumbai’s luxury towers or New Delhi’s Lutyens-adjacent developments. However, Bengaluru’s luxury segment has officially decoupled from standard market trends.
Propelled by an influx of tech entrepreneurs, venture capital partners, family offices, and returning non-resident Indians (NRIs), demand for low-density vertical penthouses has surged. Institutional reports show that the city’s super-premium ticket sizes (crossing ₹10 crore) are hitting historic annual volume milestones—cementing the “villa in the sky” as the definitive trophy asset for India’s elite.
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