Life sciences firm Micro Labs Ltd has purchased a 3-acre plot in Bengaluru's eastern suburb of Hoodi for a total consideration of Rs 111 crore, according to property registration documents accessed by PropStack, in what is one of the most expensive real estate deals in Karnataka's capital over the past few years.
Micro Labs, headquartered in Bengaluru, is a significant player in various therapies as well as active pharmaceutical ingredients. The company is mostly known for its Dolo-650 brand of paracetamol tablets.
The seller in this deal has been identified as Anushka Constructions, with the agreement being registered on October 5. Micro Labs paid Rs 6.22 crore as stamp duty for the purchase, according to the documents.
Moneycontrol has reached out to Micro Labs for comment on the deal, including the intended purpose for the land, and the story will be updated when a response is received.
In other top real estate deals in Bengaluru earlier this year, personnel management firm Quess Corp's founder and chairman Aji Isaac purchased a 10,000 square feet plot in the city's Koramangala suburb for Rs 67.5 crore. Elsewhere in Indiranagar, businessman Shrinibash Sahoo bought an 8,800 square feet-sized plot for Rs 47.5 crore.
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