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.

Shruti R Pai, wife of Manipal Group Chairman Ranjan Pai, purchased a luxury apartment in Bengaluru's upscale Jayamahal Extension for ₹64 crore, setting new pricing benchmarks in the premium residential market.

SEBI-registered alternative investment fund (AIF) Triveda Capital has raised 80 crore in its first close, aiming to raise 250 crore. Ranjan Pai, chairman of Manipal Education and Medical Group, led the investment, a milestone for the new fund.