Esencia Partners, a firm backed by Manipal Group chairman Ranjan Pai, has acquired a prestigious 25,824 sq ft property on Lavelle Road in Bengaluru for approximately ₹165.6 crore, marking one of the city's most significant luxury real estate transactions this year.

A historic ₹165.66 crore bungalow sale on Lavelle Road has established new pricing benchmarks in Bengaluru's ultra-luxury real estate segment, marking a defining moment for India's Silicon Valley as it joins the ranks of Mumbai and Delhi in the premium property market.