Microsoft Expands India Presence with Rs 520 Crore Land Purchase in Pune
Microsoft buys 16.4 acres of land in Pune for Rs 520 crore, as part of its strategy to expand data centre operations in India.
MicrosoftPuneReal EstateData CentreIndiaReal Estate PuneSep 11, 2024
As per the registration document reviewed by Square Yards, Microsoft's Indian arm, 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.
Microsoft, currently led by Satya Nadella, did not share any comment on this deal. Earlier this year, Microsoft secured 48 acres of land in Hyderabad for Rs 267 crore. In 2022, the global tech giant also acquired a 25-acre plot in Pimpri-Chinchwad for Rs 328 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, solidifying its presence across key markets.
The land purchase is seen as a significant move by Microsoft to strengthen its data centre capabilities in India. With the growing demand for cloud computing and data storage, Microsoft is looking to expand its infrastructure to meet the needs of its customers.
Microsoft Corporation (India) Pvt Ltd is a subsidiary of Microsoft Corporation, a global technology company headquartered in Redmond, Washington. The company has been operating in India since 1990 and has a significant presence in the country, with offices in several cities including Bangalore, Hyderabad, and Mumbai.
Square Yards is a real estate consultant that provides services to clients looking to buy, sell, or lease properties in India. The company has a strong presence in the Indian real estate market and has worked with several major clients including Microsoft.
The land purchase by Microsoft is expected to boost the real estate market in Pune, which has seen significant growth in recent years. The city is home to several major IT companies and has a growing startup ecosystem.
Microsoft's expansion plans in India are seen as a positive move by the government, which has been looking to attract more foreign investment in the country. The government has introduced several initiatives to promote the growth of the IT sector, including the 'Digital India' program.
In conclusion, Microsoft's purchase of 16.4 acres of land in Pune for Rs 520 crore is a significant move by the company to expand its data centre operations in India. The deal is expected to boost the real estate market in Pune and promote the growth of the IT sector in the country.
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 purchase in Pune?
The land purchase is part of Microsoft's strategy to expand its data centre operations in India.
Who is the real estate consultant that facilitated the deal?
Square Yards is the real estate consultant that facilitated the deal.
What is the significance of the land purchase for the real estate market in Pune?
The land purchase is expected to boost the real estate market in Pune, which has seen significant growth in recent years.
What is Microsoft's current presence in India?
Microsoft has a significant presence in India, with offices in several cities including Bangalore, Hyderabad, and Mumbai.
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