Microsoft Boosts Indian Presence with Massive Pune Land Acquisition
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
The transaction, which involved Microsoft's Indian arm, Microsoft Corporation (India) Pvt Ltd, was officially registered in August 2024. The land was purchased from Indo Global Infotech City LLP, with the company incurring a stamp duty of Rs 31.18 crore and a registration fee of Rs 30,000.
This acquisition is in line with Microsoft's broader strategy to grow its data center operations in India. The company has been aggressively expanding its data center network in the country, with existing locations in Pune, Mumbai, and Chennai. This latest purchase is expected to further boost Microsoft's capabilities in the region.
Notably, this is not Microsoft's first major land acquisition in India. In 2022, the company acquired 25 acres of land in Pimpri-Chinchwad for Rs 328 crore. Earlier this year, Microsoft also purchased 48 acres of land in Hyderabad for Rs 267 crore.
Microsoft's expanding data center network is a testament to the company's commitment to the Indian market. With this latest acquisition, Microsoft is well-positioned to meet the growing demand for cloud services and data storage in the country.
About Microsoft
Microsoft is a global technology leader that develops, manufactures, licenses, and supports a wide range of software products, services, and devices. The company is headquartered in Redmond, Washington, and has operations in over 190 countries worldwide.
About Square Yards
Square Yards is a leading real estate consultant that provides a range of services, including property advisory, valuations, and transactions. The company has a strong presence in India and has worked with several major clients in the real estate sector.
to Microsoft?
A The land was sold by Indo Global Infotech City LLP.
Frequently Asked Questions
How much did Microsoft pay for the land in Pune?
Microsoft paid Rs 520 crore for the 16.4 acres of land in Pune.
What is the purpose of Microsoft's land acquisition in Pune?
The land acquisition is part of Microsoft's strategy to grow its data center operations in India.
How many data centers does Microsoft have in India?
Microsoft has data centers in Pune, Mumbai, and Chennai, and is expanding its network with new acquisitions.
Who is the real estate consultant that confirmed the transaction?
Square Yards confirmed the transaction.
What is the name of the company that sold the land to Microsoft?
The land was sold by Indo Global Infotech City LLP.
Related News Articles
Appellate Tribunal Overturns MahaRERA Order, Denies Developer Concessions
The Maharashtra Real Estate Appellate Tribunal (MREAT) has set aside a conditional interest payment order by MahaRERA, directing ITMC developers to pay a 2% interest on outstanding amounts without any concessions.
Metro Brands Promoters Acquire Three More Luxury Apartments in Mumbai’s Worli for Rs 243 Cr
The recent acquisitions highlight significant financial movements and underscore Mumbai's luxury real estate market's continued prominence.
Maharashtra's Political Turmoil: BJP's Bawankule Alleges INDIA Bloc's Ideological Collapse
Chandrashekhar Bawankule, Maharashtra's Minister and BJP's state chief, has accused the INDIA bloc of crumbling under the weight of a lack of coherent ideology and direction.
Understanding the Enemy Property Act, 1968: A Comprehensive Guide
The Enemy Property Act, 1968, is a crucial piece of legislation in India, particularly in the real estate sector. This article delves into the provisions, implications, and recent developments related to this act.
MS Dhoni's Family Office Invests in Real Estate Firm SILA
Real estate services firm SILA has announced a strategic investment from the family office of former Indian cricket captain, Mahendra Singh Dhoni. This move underscores the growing interest of high-profile individuals in the real estate sector.
Tragic Electrocution Occurs While Setting Up Traps in Mulugu
A man was tragically electrocuted while setting up traps to hunt wildlife in the Mulugu district of Telangana. The incident highlights the dangers of tampering with electrical systems and the need for safety measures.