Microchip Technology Expands in Bengaluru with ₹176 Crore Office Acquisition
Microchip Technology India has secured a significant 1.72 lakh sq ft office space in Bengaluru's Whitefield for ₹176 crore, marking a substantial expansion in the city's eastern IT corridor.
Microchip TechnologyBengaluruOffice SpaceReal EstateWhitefieldReal EstateAug 22, 2025
The seller of the property is Ascendum Solutions India Pvt Ltd. Each block spans a basement, ground, and three floors, with built-up areas of 92,098 sq ft and 80,395 sq ft, respectively. The EPIP Zone in Whitefield is a prominent area known for its IT parks and residential developments. It is a well-connected locality with a mix of commercial and residential spaces, attracting a large number of working professionals.
Microchip Technology focuses on delivering high-quality semiconductor designs and solutions. Bengaluru’s Whitefield is one of the city’s most sought-after commercial hubs, driven by strong occupier demand from IT, R&D, and electronics firms. This acquisition underscores Microchip's commitment to expanding its footprint in one of India's leading tech hubs.
In previous transactions in East Bengaluru, Texas-based energy giant ExxonMobil Services and Technology had renewed its lease for five years for nearly 5.31 lakh square feet of office space in Bengaluru's eastern IT corridor of Whitefield for a monthly rent of ₹2.60 crore. The space, located in Prestige Shantiniketan, is spread across multiple floors in Crescent 1 (floors 4,5,6,7,8) and Crescent 2 (floors 1,2,4,5,6,7).
In April 2025, Google IT Services India renewed its lease for 8.7 lakh sq ft of office space in East Bengaluru’s Doddanekkundi, with an annual rental commitment of ₹90 crore. The five-year agreements, registered in April, cover office spaces in the Kyoto West and East Towers at Bagmane Capital Business Park. The documents showed that the company previously leased the space under Google Connect Services India Pvt Ltd from February 4, 2020, to November 24, 2024. The lease was renewed through one of the company's affiliates, Google IT Services India.
Whitefield remains a strong growth corridor for office real estate, driven by infrastructure investments, metro connectivity, and robust demand from both domestic and global companies. The area is seeing strong leasing activity, with recent transactions from developers like Sumadhura Group and Brigade Group. The area is also a focus for managed office spaces, with the Sumadhura Group launching its flex space vertical Workship in Whitefield.
Queries have been emailed to Microchip and Ascendum Solutions, and the copy will be updated if a response is received.
Frequently Asked Questions
What is the size of the office space Microchip Technology has acquired in Bengaluru?
Microchip Technology has acquired 1.72 lakh sq ft of office space in Bengaluru.
How much did Microchip Technology pay for the office space in Bengaluru?
Microchip Technology paid ₹176 crore for the office space in Bengaluru.
Where is the office space located in Bengaluru?
The office space is located in the EPIP Zone, Phase 2, along the eastern IT corridor of Whitefield in Bengaluru.
Who sold the office space to Microchip Technology?
The seller of the office space is Ascendum Solutions India Pvt Ltd.
What are some other significant office space transactions in East Bengaluru?
Other significant transactions include ExxonMobil renewing its lease for 5.31 lakh sq ft and Google IT Services renewing its lease for 8.7 lakh sq ft in East Bengaluru.
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