The seller in this transaction is identified as Anushka Constructions, with the agreement registered on October 5. According to property registration documents, Micro Labs paid ₹6.22 crore in stamp duty for the purchase.
Life sciences company Micro Labs Ltd has acquired a 3-acre plot in Hoodi, an eastern suburb of Bengaluru, for a total sum of Rs 111 crore, as per property registration documents accessed by PropStack. This transaction ranks among the most expensive real estate deals in Karnataka’s capital in recent years.
Bengaluru-headquartered Micro Labs, known for its prominence in various pharmaceutical therapies and active pharmaceutical ingredients, is best recognized for its Dolo-650 paracetamol tablets.
The seller in this deal has been identified as Anushka Constructions, with the agreement registered on October 5. Micro Labs paid Rs 6.22 crore in stamp duty for the purchase, according to the documents.
Moneycontrol has reached out to Micro Labs for comments regarding the intended use of the land, and updates will follow once a response is received.
In other major real estate transactions in Bengaluru this year, Quess Corp’s founder and chairman Aji Isaac purchased a 10,000 square foot plot in the Koramangala area for Rs 67.5 crore, while businessman Shrinibash Sahoo bought an 8,800 square foot plot in Indiranagar for Rs 47.5 crore.
