Moneycontrol.com-Micro Labs buys 3-acre plot in Bengaluru for Rs 111 cr, one of the city's most expensive deals
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.
