Microsoft Expands India Presence with Rs 520 Crore Investment in Pune Property
Microsoft's latest investment in commercial real estate is part of its broader strategy to expand its presence in India, with a focus on data centres, development centres, and office spaces.
MicrosoftIndiaReal EstateData CentresPuneReal EstateSep 11, 2024
As per the registration document reviewed by Square Yards, Microsoft's Indian arm, Microsoft Corporation (India) Private Limited, acquired 66,414.5 square meters of prime land in Pune's Hinjewadi. The transaction, registered in August 2024, involved the purchase of land from Indo Global Infotech City LLP. The deal incurred a stamp duty of Rs 31.18 crore and a registration fee of Rs 30,000.
This investment is not an isolated incident. In 2022, Microsoft acquired a 25-acre plot in Pimpri-Chinchwad for Rs 328 crore. Earlier this year, the company secured 48 acres of land in Hyderabad for Rs 267 crore. Both deals are part of Microsoft's plan to establish more data centres, development centres, and office spaces to accommodate its growing workforce.
Currently, Microsoft's workforce in India includes over 23,000 employees across cities such as Bengaluru, Chennai, Hyderabad, Mumbai, and Pune. In early 2024, the company launched a skilling initiative in India, aiming to equip 2 million individuals with AI and digital skills by 2025.
Microsoft's network of data centres already includes locations in Pune, Mumbai, and Chennai. With this latest investment, the company is poised to further expand its presence in India, solidifying its position as a major player in the country's tech industry.
About Microsoft Microsoft is a global technology company that develops, manufactures, licenses, and supports a wide range of software products, services, and devices. The company's Indian arm, Microsoft Corporation (India) Private Limited, is headquartered in Bengaluru and has operations across the country.
Information Microsoft has been increasing its investments in India in recent years, with a focus on expanding its data centre operations, developing new technologies, and skilling the local workforce. The company's latest investment in Pune is part of this broader strategy.Square Yards is a technology-enabled real estate brokerage firm that provides a platform for buying, selling, and renting properties.
Frequently Asked Questions
How much did Microsoft invest in the Pune property?
Microsoft invested approximately Rs 520 crore in the 16.4-acre land in Pune's Hinjewadi.
What is the purpose of Microsoft's investment in India?
Microsoft's investment in India is part of its broader strategy to expand its presence in the country, particularly within its data centre operations.
How many employees does Microsoft have in India?
Microsoft has over 23,000 employees across cities such as Bengaluru, Chennai, Hyderabad, Mumbai, and Pune.
What is Microsoft's skilling initiative in India?
Microsoft launched a skilling initiative in India, aiming to equip 2 million individuals with AI and digital skills by 2025.
What is the name of the company from which Microsoft purchased the land in Pune?
Microsoft purchased the land from Indo Global Infotech City LLP.
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