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Strengthening India's footprint with one of Bengaluru’s biggest office acquisitions this quarter.

Microchip Secures Prime Whitefield Office Space in ₹176 Crore Deal.                                                                                                                                                     

US-based semiconductor solutions leader Microchip Technology has expanded its presence in India with the acquisition of a major office space in Bengaluru. Through its Indian subsidiary, the company purchased 1.72 lakh sq ft of premium office space in Whitefield’s EPIP Zone for ₹176 crore, making it one of the largest buyouts in the city this quarter. The property, acquired from Ascendum Solution India, a unit of the US-based Vors Group, comprises two mid-sized commercial blocks measuring 92,098 sq ft and 80,395 sq ft, respectively. Each block includes a basement, ground floor, and three upper floors, offering modern infrastructure for large-scale operations. According to the registered sale deed accessed via Propstack, the deal value translates to approximately ₹10,230 per sq ft, positioning it among the high-value transactions in Bengaluru’s eastern IT corridor. This acquisition underlines Microchip’s growing commitment to India as a strategic hub for semiconductor design, development, and innovation.