Azim Premji's Son Buys 45 Cr Bengaluru Sky Villa

Synopsis:  Tariq Premji, son of Wipro founder Azim Premji, purchases Rs 45.71 crore luxury penthouse in central Bengaluru, reflecting the rapid growth of the city’s ultra-premium real estate market.

Azim Premji’s younger son, Tariq Premji, has purchased an ultra-luxury penthouse in central Bengaluru for approximately Rs 45.71 crore, highlighting the continued growth of the city’s premium residential real estate market. The high-value transaction is among the most notable luxury housing deals recorded in Bengaluru this year and reflects increasing demand for exclusive “villa-in-the-sky” residences among India’s wealthy business families and startup entrepreneurs.

The duplex penthouse is located in 27 Summit, a premium residential development in Sampangiramnagar near Richmond Road in Bengaluru’s central business district. Developed by MAIA Estates through its subsidiary Nestled Haven Developers LLP, the project has emerged as one of the city’s most sought-after luxury addresses. According to property registration documents, the apartment features a carpet area of 7,065 square feet and a super built-up area of 10,602 square feet. The transaction values the property at more than Rs 43,000 per square foot, underscoring the rising value of centrally located ultra-premium residences in Bengaluru.

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The penthouse also includes 11 covered basement parking spaces and a proportionate undivided land share of nearly 2,952 square feet. Industry experts note that such large-format residences offering privacy, exclusivity, and luxury amenities are increasingly attracting high-net-worth individuals seeking spacious homes in core urban locations.

Bengaluru’s luxury housing segment has witnessed significant momentum over the past few years, driven by the city’s thriving technology ecosystem, startup culture, and growing concentration of affluent professionals and entrepreneurs. Premium neighborhoods such as Sampangiramnagar, Indiranagar, Richmond Town, and Koramangala have experienced rising demand for boutique luxury developments and penthouses that combine world-class design with strategic connectivity.

Tariq Premji is associated with Premji Invest, the investment arm of the Premji family office, which manages investments across sectors including technology, healthcare, financial services, and consumer businesses. He also serves on the board of Wipro Enterprises and is involved with the Azim Premji Foundation, known for its philanthropic initiatives focused on education and social development in India.

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The transaction further reinforces Bengaluru’s position as a rapidly expanding hub for luxury real estate, where demand for exclusive residential properties continues to rise alongside the city’s economic and entrepreneurial growth.