Esencia Partners Buys Prime Bengaluru Property for Rs 165.6 Crore

Esencia Partners, the investment firm linked to Manipal Group Chairman Ranjan Pai, has purchased a high-value plot on Lavelle Road in Bengaluru for ₹165.6 crore.

This deal, completed on September 9, 2025, highlights the strong demand for premium land in the city's central areas.

The 25,824 sq ft site is in the upscale Shantala Nagar area and includes two buildings, each around 3,340 sq ft. It's close to popular spots like UB City mall, Cubbon Park, and Vittal Mallya Road, surrounded by luxury homes, hotels, and offices.

The seller was Mira Angeline Cummins, an Australian national. The price works out to about ₹64,150 per sq ft, showing how valuable land is in this sought-after location where big plots are hard to find.

Key Highlights: 

• Esencia Partners Acquires Prime Bengaluru Lavelle Road Property for ₹165.6 Crore
• Ranjan Pai-Linked Firm Buys Luxury Plot in Shantala Nagar Amid Bengaluru Real Estate Boom
• Bengaluru Luxury Land Sees Record Deals as Esencia Partners Expands Portfolio

"This transaction on Lavelle Road is one of the most significant real estate deals in Bengaluru this year," said Sandeep Reddy, cofounder of data analytics firm Zapkey, which uncovered the documents. "The price underscores the immense value and scarcity of land in one of the city's most prestigious addresses. Large, independent land parcels are a rarity in central Bengaluru, making this a prized trophy asset."

Ranjan Pai, known for leading the Manipal education empire, has been active in Bengaluru's luxury market. His wife, Shruti Pai, bought a ₹64 crore duplex in Jayamahal Extension earlier in June 2025.

This purchase comes during a busy time for Bengaluru real estate. In August, TCS signed a major lease deal, and Google expanded its campus. Experts see Pai's move as a sign of confidence from wealthy investors in the city's future.

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While infrastructure challenges persist, deals like this suggest luxury properties will keep attracting big buyers. Neither Pai nor the seller commented on the transaction, but more high-end investments are expected soon.