Manipal Group-Backed Esencia Partners Secures Bengaluru's Lavelle Road Property in ₹165.6 Crore Trophy Deal

A very short relevant intro: 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.

In what has been described as one of Bengaluru's most prominent luxury real estate land acquisitions this year, Esencia Partners—a firm supported by Manipal Group chairman Ranjan Pai—has successfully acquired a prestigious property situated on Lavelle Road for approximately ₹165.6 crore. The site, spanning 25,824 square feet and including existing structures, represents one of the most significant commercial property transactions in the city in recent times.

Transaction Details and Strategic Value

According to reports, the seller of the property was identified as Mira Angeline Cummins, an individual based abroad. The transaction has been valued at approximately ₹64,150 per square foot, a price point that underscores both the scarcity and premium commanded by such prime land parcels in Bengaluru's central business district.

Lavelle Road has long been recognized as one of Bengaluru's most sought-after addresses, surrounded by luxury residences, corporate offices, boutique hotels, and significant institutional infrastructure. Industry experts have noted that large, contiguous land holdings in central Bengaluru are extremely rare, making this acquisition not only a trophy asset but also a strategic bet on long-term value appreciation.

Market Implications and Industry Confidence

The transaction is expected to establish a new benchmark for ultra-luxury land rates in central Bengaluru. Real estate analysts have suggested that this deal signals strong confidence by ultra-high-net-worth individuals and institutional capital in Bengaluru's long-term value trajectory.

Given the limited supply of such premium parcels, the deal could potentially catalyze further high-ticket land acquisitions in the city's most exclusive precincts. The transaction also highlights how capital from prominent business houses is increasingly focused on land ownership and strategic asset repositioning rather than only end-user housing projects.

This acquisition follows a broader trend observed across major Indian metropolitan areas, where luxury real estate continues to attract significant investments from established business families and corporate entities.