Microsoft expands its Indian footprint with a significant land purchase in Pune, bolstering its data center operations in the country.
MicrosoftPuneLand AcquisitionData CentersIndiaTechnologyReal EstateReal Estate PuneSep 11, 2024
Microsoft paid Rs 520 crore for the 16.4 acres of land in Pune.
The land acquisition is part of Microsoft's strategy to grow its data center operations in India.
Microsoft has data centers in Pune, Mumbai, and Chennai, and is expanding its network with new acquisitions.
Square Yards confirmed the transaction.
The land was sold by Indo Global Infotech City LLP.
Pune witnessed a 3% increase in property sale registrations in September 2024, with 13,397 properties registered, according to Knight Frank India's latest assessment.
Mumbai's high-end real estate market continues to soar with record-breaking property sales, especially in premium areas like Worli. Utpal Sheth's recent purchase of a luxurious sea-view apartment for over INR 123 crore is a prime example of this trend.
Explore the recent advancements in the real estate insolvency sector in India, despite the lack of specific legislation. Discover how innovative solutions and legal frameworks are shaping the future of this critical industry.