Microchip Acquires Prime Office Space in Bengaluru for ₹176 Crore
US-based semiconductor solutions major Microchip Technology, through its Indian subsidiary Microchip Technology India Pvt. Ltd., has made a significant move in the Bengaluru office market. The company has acquired 1.72 lakh sq ft of office space in Whitefield for ₹176 crore, 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 in the transaction is Ascendum Solution India, part of the Cincinnati-headquartered Vora Group, which has interests in IT services, business solutions, and real estate. The asset comprises two mid-sized blocks—one measuring 92,098 sq ft and another measuring 80,395 sq ft—both configured as basement, ground, 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, according to the sale document shared by Propstack, a data analytic firm.
The acquisition comes at a time when global technology companies are increasingly looking to consolidate and own office assets in India’s IT capital rather than relying entirely on long-term leasing. Microchip, which designs and supplies microcontrollers, analog, mixed-signal, and security products to industries including automotive, aerospace, and consumer electronics, has been expanding its engineering and R&D presence in India. Market experts say the buyout underscores the company’s long-term growth plans in the country, especially in a sector where India has become a critical hub for semiconductor design talent.
“Despite a volatile global macro environment, India continues to see sustained demand for premium office space from technology companies. Whitefield remains a preferred location for semiconductor and electronics firms due to its established ecosystem and availability of engineering talent,” said a senior executive at a global property consultancy. The deal also highlights an emerging trend of corporates directly acquiring fully built office blocks to secure long-term control and hedge against rental escalations.
For Ascendum, the sale is consistent with a strategy of monetising real estate assets and redeploying capital into its core technology services. Industry trackers note that Bengaluru’s office market has been resilient with institutional investors and corporates driving demand. Despite infrastructure bottlenecks, Whitefield continues to attract large occupiers, supported by improving metro connectivity and a strong base of global corporations.
With the semiconductor industry poised for exponential growth driven by AI, automotive electrification, and advanced electronics, Microchip’s decision to deepen its India footprint through this acquisition reinforces Bengaluru’s position as a global centre for high-end R&D and design.
