Bengaluru, Oct. 13 -- Esencia Partners, a firm in which Manipal Hospitals head Ranjan Pai is a managing partner, has bought a property in Bengaluru's prime Lavelle Road, an upmarket residential and commercial street, for Rs.165.6 crore.

The area of the site that also has a building constructed on it, is around 25,824 sq. ft. As per the registration data accessed by real estate data platform Zapkey, the property was sold by one Mira Angeline Cummins, an Australian passport holder. The sale deed was signed on 12 September.

Pai is the chairman of the Manipal Education and Medical Group, which runs businesses spread across healthcare, education and private investments.

"This transaction on Lavelle Road is one of the most significant real e...