Micro Labs Acquires 3-Acre Plot in Bengaluru for ₹111 Crore, One of the City’s Most Expensive Land Deals
Life sciences firm Micro Labs Ltd has made a significant investment in Bengaluru’s real estate market, purchasing a 3-acre plot in the eastern suburb of Hoodi for ₹111 crore. The transaction, regarded as one of the most expensive land deals in the city in recent years, was finalised with Anushka Constructions, and the sale was officially registered in October. The property registration documents, accessed through PropStack, a property intelligence platform, highlight the growing demand for prime land in Bengaluru, especially in strategically located areas like Hoodi.
Micro Labs, based in Bengaluru, is a well-established player in the Indian pharmaceutical industry. Known for its wide range of therapeutic products and active pharmaceutical ingredients (APIs), the company is perhaps most famous for its Dolo-650 brand of paracetamol, which became one of the most commonly used over-the-counter medications during the COVID-19 pandemic. The company’s acquisition of this valuable real estate is seen as a strategic move in its ongoing growth efforts.
The deal’s value of ₹111 crore underscores the increasing price of land in Bengaluru, a city that has seen significant appreciation in property values in recent years. Hoodi, where the plot is located, is a fast-developing suburb known for its proximity to the city’s IT and industrial hubs. This connectivity has made Hoodi one of the most attractive areas for both commercial and residential investments. The transaction included a stamp duty payment of ₹6.22 crore, reflecting the high value of the property and the importance of the acquisition for Micro Labs’ future plans.
Although Micro Labs has not disclosed its specific intentions for the newly acquired land, industry experts speculate that it could be part of the company’s plans to expand its operations. Given the size and location of the plot, potential uses could range from the development of new corporate offices to the construction of research and development (R&D) facilities or even new manufacturing units. Hoodi’s proximity to Whitefield, one of Bengaluru’s primary IT hubs, and its well-developed infrastructure make it an ideal location for businesses looking to establish a strong foothold in the city.
Bengaluru’s real estate market has been booming, with increasing demand for land in key areas like Hoodi driving up property prices. The city has long been known as a hub for technology companies, but in recent years, industries such as pharmaceuticals, healthcare, and biotechnology have also started to establish a stronger presence. This diversification of industries has further fueled the demand for land, particularly in locations that offer good connectivity and infrastructure, such as Hoodi. Micro Labs' decision to invest in this area signals its long-term commitment to expanding its footprint in Bengaluru.
Micro Labs employs over 9,500 people and has a strong presence in India’s pharmaceutical sector. The company’s wide range of products and its reputation for producing high-quality APIs make it a key player in both domestic and international markets. The acquisition of this 3-acre plot in Bengaluru can be viewed as a step toward further solidifying the company’s position as a leader in the pharmaceutical industry. While the exact plans for the land remain unclear, it is likely that the company is positioning itself for future growth and expansion, leveraging Bengaluru’s status as a leading city for industries like technology and pharmaceuticals.
The rising demand for land in Bengaluru, particularly in areas with good connectivity and infrastructure, is driving companies like Micro Labs to invest in prime locations. Hoodi’s strategic location near major business and industrial hubs makes it an attractive choice for companies looking to expand their operations or establish new facilities. The ₹111 crore land deal highlights the competitive nature of Bengaluru’s real estate market, where large corporations are increasingly vying for limited prime land.
For Micro Labs, this acquisition could be a key part of its broader growth strategy. The pharmaceutical industry in India is rapidly expanding, with increasing demand for products both domestically and internationally. In this context, securing valuable real estate in a city like Bengaluru, which offers access to a skilled workforce and advanced infrastructure, could be essential for maintaining a competitive edge in the industry. The acquisition of land in Hoodi provides Micro Labs with the opportunity to develop new facilities that could support the company’s research, development, and production efforts in the coming years.
Image- microlabsltd.com
