Bangalore Bungalow sold at 166 cr
Esencia Partners, backed by Ranjan Pai of the Manipal Group, purchased a central Bengaluru bungalow for ₹166 crore highlights the growing appetite for premium property investments in the city’s core areas. Such transactions often signal confidence in Bengaluru’s luxury real estate market, especially in prime localities like Lavelle Road, Richmond Town, or Cunningham Road, where land is scarce and values remain strong.
It also reflects a broader trend of high-net-worth individuals and investment firms diversifying into marquee residential and commercial assets in India’s top metros.
The deal involves Esencia Partners, an investment firm backed by Ranjan Pai, chairman of the Manipal Group, purchasing a bungalow in central Bengaluru for about ₹166 crore.
Key details reported about the transaction: Bangalore Bungalow
Location: The property is situated in one of Bengaluru’s most premium central neighbourhoods – Lavelle Road , near MG Road.
Size: The bungalow sits on roughly 25,824 square feet of land sold at Rs 64166/sqft
Buyer: The purchase was made through Esencia Partners, which is Ranjan Pai’s family office investment arm.
Seller: The property was reportedly owned by a Mira Angeline Cummins – An Australian National
Purpose: The acquisition is believed to be for personal or long-term investment use, not a commercial development.
Valuation: At ₹166 crore, the deal translates to one of the highest per-square-foot rates for residential property in Bengaluru, underscoring the demand for prime central locations.
This transaction adds to a series of high-value property purchases by business leaders and investors in Bengaluru’s central zones, reflecting both the city’s economic strength and its enduring real estate appeal.
Esencia Partners : Esencia Partners is the family office investment firm of Dr. Ranjan Pai, the chairman of the Manipal Group, one of India’s leading education and healthcare conglomerates.
Esencia Partners essentially serves as the investment arm through which Ranjan Pai channels his personal wealth into both strategic and long-term opportunities across sectors.
Dr Ranjan Pai : Dr. Ranjan Pai is an entrepreneur, investor, and the Chairman of the Manipal Education and Medical Group (MEMG) — a diversified conglomerate with interests in education, healthcare, and financial services. Dr. Ranjan Pai is widely regarded as a visionary who blends traditional business values with modern investment strategies, shaping the future of India’s education and healthcare sectors.
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