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.

Mapletree Investments, a Singapore-based private equity organisation, bought a 41-acre Bengaluru property tract from Adarsh Developers. At over ₹1,900 crore, the acquisition is part of Adarsh Developers' debt reduction strategy. The site has 7 million square feet of development potential.