Microchip Technology, a US-based semiconductor giant, has acquired 1.72 lakh sq ft of office space in Bengaluru’s Whitefield for ₹176 crore, making it one of the city’s largest commercial property transactions this quarter. The deal covers two blocks in the EPIP Zone, a prime eastern IT corridor, and ranks among the premium acquisitions with a value of around ₹10,230 per sq ft.
Deal Details
The purchased asset from Ascendum Solution India, part of the Cincinnati-headquartered Vora Group, includes blocks of 92,098 sq ft and 80,395 sq ft, each spanning a basement, ground, and three upper floors. Whitefield’s strong connectivity and infrastructure continue to attract global tech and R&D companies.
Strategic Impact
Microchip’s acquisition is part of its expansion strategy to consolidate and strengthen its India operations, leveraging Bengaluru’s position as a major semiconductor and electronics hub. The EPIP Zone is increasingly favoured for both flexible and owned office spaces by multinational occupiers seeking long-term control and stability.
Sector Trends
Other major deals in Whitefield this year include Google renewing 8.7 lakh sq ft and ExxonMobil’s five-year extension on 5.31 lakh sq ft, highlighting ongoing occupier confidence in Bengaluru’s commercial real estate market.
Flexinsights Take
Microchip Technology’s Bengaluru acquisition reaffirms the city’s leadership in India’s office space market, fueled by world-class infrastructure, talent, and strategic investments. Such moves highlight a growing shift toward direct ownership by global players, supporting long-term R&D and innovation.
