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drug firm Micro Labs Limitedis the chairman and managing director of Dilip Surana bought a piece of land and built a bungalow on it Bangalore 66 crores, which is being touted as one of the biggest such deals.
The deal includes land measuring 12,043.22 sq ft and a bungalow measuring 8,373.99 sq ft. fairground layoutAs per the sale deed documents, it was formerly known as Race Course Road.
Surana has bought the property from GG Rajendra Kumar, his wife Sadhna Rajendra Kumar and Manu Gautam. The buyer has paid stamp duty of over Rs 3.36 crore, according to documents shared by CRE MatrixA real estate data analytics firm.
fairground layout In a private layout in the city where Micro Lab CMD already owns a residential property.
Bhavesh Kothari, Founder, Property First, said, “Some big ticket deals have happened in the heart of the city like Race Course Road and Fairfield Layout in Sadashivnagar and there has been no let up in transactions in the super luxury category in Bangalore.”
Bengaluru-based Micro Labs is a pharmaceutical formulations and active pharmaceutical ingredients (API) manufacturer as well as distributor. Its paracetamol brand Dolo 650 is the most prescribed brand in the country.
Micro Labs was founded in Chennai in 1973 by Surana’s father GC Surana. The company has since become one of India’s leading healthcare organizations with a strong presence in the US and Europe as well.
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