Microsoft Expands India Presence with Rs 520 Crore Land Acquisition in Pune
Global tech giant Microsoft has acquired 16.4 acres of land in Pune for Rs 520 crore, as part of its broader strategy to expand its data centre operations in India.
MicrosoftPuneLand AcquisitionData Centre OperationsIndia ExpansionReal Estate PuneSep 12, 2024
As per the registration documents, Microsoft Corporation (India) Pvt Ltd acquired 66,414.5 square meters (around 16.4 acres) of prime land in Pune's Hinjewadi. The transaction, registered in August 2024, involved the purchase of land from Indo Global Infotech City LLP.
Earlier this year, Microsoft secured 48 acres of land in Hyderabad for Rs 267 crore. Both deals are part of Microsoft's broader strategy to expand its presence in India, particularly within its data centre operations. The company's network of data centres already includes locations in Pune, Mumbai, and Chennai.
Microsoft's expansion in India is a significant step forward for the company, as it looks to strengthen its position in the country's growing technology sector. With this acquisition, Microsoft is well-positioned to cater to the increasing demand for cloud computing and data storage in India.
The acquisition is also expected to create new job opportunities in the region, as Microsoft looks to expand its workforce to support its growing operations in India.
Information
Microsoft is a global technology company 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.
Square Yards is a leading real estate consultant that provides a range of services, including property valuations, transactions, and advisory services. The company has a strong presence in India and has worked with several major clients, including Microsoft.
Frequently Asked Questions
How much land has Microsoft acquired in Pune?
Microsoft has acquired 16.4 acres of land in Pune for Rs 520 crore.
What is the purpose of Microsoft's land acquisition in Pune?
The acquisition is part of Microsoft's broader strategy to expand its presence in India, particularly within its data centre operations.
How much land has Microsoft acquired in Hyderabad?
Microsoft secured 48 acres of land in Hyderabad for Rs 267 crore.
What is the significance of Microsoft's expansion in India?
Microsoft's expansion in India is a significant step forward for the company, as it looks to strengthen its position in the country's growing technology sector.
What are the expected benefits of Microsoft's acquisition in Pune?
The acquisition is expected to create new job opportunities in the region, as Microsoft looks to expand its workforce to support its growing operations in India.
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