Bengaluru’s commercial real estate market continues to attract significant investments as global and domestic companies expand their operations in the city’s key IT corridors. Semiconductor solutions provider Microchip Technology India Pvt Ltd has acquired 1.72 lakh sq ft of office space in the eastern Whitefield area of Bengaluru for ₹176 crore, according to Propstack data.
The acquisition consists of two commercial blocks in EPIP Zone, Phase 2, one of Bengaluru’s established IT hubs. The larger block spans 92,098 sq ft while the smaller measures 80,395 sq ft. Both blocks feature a basement, ground floor, and three upper floors, providing flexible office layouts. Ascendum Solutions India Pvt Ltd is the seller in this transaction, which adds to Whitefield’s growing list of high-value deals.
Whitefield has emerged as a preferred destination for IT, electronics, and R&D companies due to its connectivity, infrastructure, and a balanced mix of commercial and residential developments. The area attracts professionals across industries and continues to see strong leasing activity from companies seeking high-quality office spaces.
Microchip Technology India specializes in semiconductor design and solutions. The acquisition will help the company consolidate its workforce and strengthen operational capabilities in the region. Such moves underline Bengaluru’s strategic importance for global tech firms in India.
Recent transactions highlight the sustained demand in East Bengaluru. Texas-based ExxonMobil Services and Technology renewed its lease for 5.31 lakh sq ft in Prestige Shantiniketan for five years at ₹2.60 crore per month. Similarly, Google IT Services India extended its lease for 8.7 lakh sq ft in Doddanekkundi, committing to an annual rental of ₹90 crore. These deals indicate confidence in Bengaluru’s commercial market, driven by long-term growth potential.
Developers in Whitefield are also investing in flexible office solutions. Sumadhura Group launched its Workship flex space vertical to accommodate startups and mid-sized companies seeking scalable office setups. Brigade Group and other developers continue to enhance infrastructure and connectivity to maintain Whitefield’s competitiveness.
With ongoing infrastructure investments, metro connectivity, and a robust IT ecosystem, Whitefield is poised to remain a central commercial hub in Bengaluru. Microchip Technology’s acquisition reinforces the area’s appeal to global companies and reflects the strong demand for premium office spaces.
This transaction further demonstrates the city’s attractiveness for long-term commercial investments and highlights the continuous expansion of IT and technology firms in Bengaluru. Whitefield’s office market remains resilient, driven by occupier demand, quality infrastructure, and strategic location advantages.
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