Microsoft Expands India Presence with Rs 519.72 Crore Land Acquisition in Hinjawadi
Microsoft invests heavily in India's commercial real estate, focusing on data centres, development facilities, and flexible workspaces.
MicrosoftIndiaHinjawadiPuneData CentreCommercial Real EstateReal Estate PuneSep 11, 2024
In recent years, Microsoft has ramped up its investments in India's commercial real estate, focusing on data centres, development facilities, and flexible workspaces. According to the registration documents, Microsoft Corporation (India) Private Limited acquired 66,414.5 square meters (16.4 acres) of prime land in Pune's Hinjawadi. The transaction, completed in August 2024, saw the purchase of land from Indo Global Infotech City LLP, with the company paying Rs 31.18 crore in stamp duty and Rs 30,000 as the registration fee.
This acquisition is not the first for Microsoft in India. In 2022, the company acquired 25 acres in Pimpri-Chinchwad for Rs 328 crore, followed by the purchase of 48 acres in Hyderabad earlier this year for Rs 267 crore. These acquisitions align with the company's strategy to expand its footprint in India, particularly in the data centre space. Microsoft's network already covers key markets such as Pune, Mumbai, and Chennai.
Currently, Microsoft employs more than 23,000 people across India, with offices in cities like Bengaluru, Chennai, Hyderabad, Mumbai, and Pune. The workforce supports various functions, including sales, marketing, research, development, and customer service. In early 2024, Microsoft launched a significant initiative, ADVANTA(I)GE INDIA, aimed at training 2 million people in AI and digital skills by 2025. This effort is part of its “Skills for Jobs” program, designed to prepare a skilled workforce for the future.
About Microsoft Microsoft is a global technology leader that enables digital transformation for the era of an intelligent cloud and an intelligent edge. The company's mission is to empower every person and organization on the planet to achieve more.
Key Points
- Investment Microsoft India invested Rs 519.72 crore in land acquisition.
- Location The acquired land is 66,414.5 square meters (16.4 acres) in Hinjawadi, Pune.
- Expansion The purchase is part of Microsoft's broader plan to enhance its data centre operations and presence in India.
- Previous Purchases Recent acquisitions include land in Pimpri-Chinchwad and Hyderabad.
- Workforce Microsoft employs over 23,000 people across several cities in India.
- Skilling Program ADVANTA(I)GE INDIA aims to train 2 million individuals in AI and digital skills by 2025.
Frequently Asked Questions
What is the value of Microsoft's recent land acquisition in Hinjawadi, Pune?
Rs 519.72 crore
How many acres of land did Microsoft acquire in Hinjawadi, Pune?
16.4 acres
What is the purpose of Microsoft's land acquisition in Hinjawadi, Pune?
To expand its data centre operations and strengthen its presence in India
How many people does Microsoft employ across India?
Over 23,000 people
What is the name of Microsoft's skilling program launched in 2024?
ADVANTA(I)GE INDIA
Related News Articles
China Boosts Property Market with $562 Billion in Credit and Housing Renovations
China unveils a major support package to inject $562 billion into the property market and renovate a million homes, aiming to revive economic growth and address housing issues.
Danube Properties Expands to Abu Dhabi and Ras Al-Khaimah, Eyes Mumbai Market
Danube Group, a leading UAE-based real estate developer, is set to expand its presence to Abu Dhabi and Ras Al-Khaimah, driven by interest from Indian investors.
Gruhas and Brigade Group Launch Rs 300 Crore Fund for Real Estate Startups
The SEBI-registered Category II Alternative Investment Fund (AIF) aims to support pre-series A and series A stage startups in the real estate sector, addressing the growing need for innovation in the industry.
Investors Losing Appetite for Real Estate: Morgan Stanley Report Reveals
Morgan Stanley report highlights decline in investors' interest in real estate. Find out the reasons behind this trend.
Rustomjee Group's Dr. Rakesh Setia on the Future-Ready Real Estate in India
Since its inception in 1996, Rustomjee Group has been a prominent player in Mumbai's real estate sector, with a portfolio spanning residential, commercial, and industrial projects. Dr. Rakesh Setia, the visionary leader, shares insights on how the company
Indian Stock Market Faces Sharp Decline as Various Sectors Take a Hit
The Indian stock market witnessed a significant plunge of over 1% today, driven by mixed economic cues. Key sectors such as real estate, public sector banks, metals, auto, and pharma experienced substantial declines, with the real estate sector being the