Microchip picks up office space in Bengaluru for ₹176 crore

Bengaluru US-based semiconductor solutions major Microchip Technology, through its Indian subsidiary Microchip Technology India, has acquired 1.72 lakh sq ft of office space in Whitefield for ₹176 crore in one of the largest office space buyouts recorded in the city this quarter. The registered sale deed, accessed through Propstack, shows that the purchase includes two commercial blocks located at 170-172, Phase 2, EPIP Zone, Whitefield.

The seller, Ascendum Solution India, is part of Cincinnati-based Vora Group, with interests in IT services, business solutions, and real estate. The asset includes two mid-sized blocks measuring 92,098 sq ft and 80,395 sq ft, each consisting of a basement, ground floor, and three upper floors.

The deal value translates to nearly ₹10,230 per sq ft, placing it among the premium transactions in Bengaluru's eastern office corridor.