Special Offer!

“Prestige, Price, and Prime Location — Bengaluru’s Luxury Real Estate Gets a New Benchmark.”

Ranjan Pai’s Esencia Partners Acquires Prime Lavelle Road Property for ₹165.6 Crore

Manipal Group Chairman Ranjan Pai, through his investment firm Esencia Partners, has purchased a premium 25,824 sq ft property on Bengaluru’s prestigious Lavelle Road for ₹165.6 crore, according to documents accessed by Zapkey. The property, previously owned by Australian national Mira Angeline Cummins, includes two existing buildings of about 3,339 sq ft each. Registered on September 9, 2025, the transaction underscores the increasing demand for ultra-prime assets in Bengaluru’s central business district. Located near UB City and Cubbon Park, the site is surrounded by luxury residences, boutique hotels, and corporate offices. Experts noted that the deal, valued at around ₹6.4 lakh per sq ft, reflects the extreme scarcity and premium attached to such prime parcels in the heart of the city.