Ranjan Pai’s firm acquires Bengaluru bungalow for ₹166 crore
Representational Image BENGALURU: The luxury property market in Bengaluru has reached unprecedented heights with the sale of a prime bungalow located at 50 Lavelle Road, marking the city’s most expensive property transaction both in total value and per square foot. The 25,824 sq. ft. site was purchased by Esencia Partners, associated with Manipal Group chairman Ranjan Pai, for Rs 165.66 crore—an extraordinary Rs 64,166 per sq ft, a record for central Bengaluru. This sale underscores the remarkable growth in Bengaluru’s ultra-luxury residential sector, where deals in the Rs 40 crore to Rs 60 crore range have become more frequent, pivoting…