Microsoft Expands Its Footprint in India with Land Purchase in Pune
Microsoft acquires 16.4 acres of prime land in Hinjewadi, Pune, for Rs 520 crore, marking a significant investment in India's commercial real estate market.
MicrosoftIndiaLand PurchasePuneIt HubCommercial Real EstateData CentersSkilling InitiativeReal Estate PuneSep 11, 2024
Microsoft has acquired 66,414.5 square meters (16.4 acres) of prime land in Hinjewadi, Pune, as per the registration document reviewed by Square Yards. The land purchase from Indo Global Infotech City LLP was documented in August 2024, with a registration charge of Rs. 30,000 and stamp duty of Rs. 31.18 crore.
This is not Microsoft's first major land purchase in India. In 2022, the company bought a 25-acre plot for Rs. 328 crore in Pimpri-Chinchiwad. Earlier this year, Microsoft also acquired 48 acres of land for Rs. 267 crore in Hyderabad. These deals are part of Microsoft's efforts to expand its presence in India, particularly in its data center operations.
Microsoft's data centers are already located in Mumbai, Chennai, and Pune, and the company is strengthening its presence across pivotal markets. With over 23,000 employees across cities like Bengaluru, Chennai, Hyderabad, Mumbai, and Pune, Microsoft India supports several business functions, including sales, research, development, marketing, and customer support.
In addition to its land purchases, Microsoft has also launched a prominent skilling initiative in India, aiming to equip 2 million individuals with digital skills and AI by 2025. The ADVANTA(I)GE INDIA program, part of the company's
Frequently Asked Questions
How much did Microsoft pay for the land in Pune?
Microsoft paid Rs 519.72 crore for the 16.4 acres of land in Hinjewadi, Pune.
What is the purpose of Microsoft's land purchase in Pune?
The land purchase is part of Microsoft's efforts to expand its presence in India, particularly in its data center operations.
How many employees does Microsoft have in India?
Microsoft has over 23,000 employees across cities like Bengaluru, Chennai, Hyderabad, Mumbai, and Pune.
What is the ADVANTA(I)GE INDIA program?
The ADVANTA(I)GE INDIA program is a skilling initiative launched by Microsoft in India, aiming to equip 2 million individuals with digital skills and AI by 2025.
What is Microsoft's 'Skills for Jobs' strategy?
Microsoft's 'Skills for Jobs' strategy is a program aimed at developing a workforce prepared for the future, with a focus on digital skills and AI.
Related News Articles
CREDAI-MCHI Urges Online Access to Mumbai Property Database
In a significant appeal, CREDAI-MCHI and the Practising Engineers, Architects and Construction Industry demand online access to Mumbai's property database to enhance transparency and efficiency in the real estate sector.
Supreme Universal Unveils Phase 2 of Luxurious Supreme Villagio in Pune
Supreme Universal, a prominent name in the real estate industry, has just launched Phase 2 of its luxurious Supreme Villagio project in Pune. This new phase offers a range of amenities and features that cater to luxury living standards, making it an attra
GCCs to Dominate India's Commercial Real Estate by 2024
GCCs are set to control 35% of India's commercial real estate by 2024, up from 26% in 2022, driven by increasing demand for office space.
Japanese Nintendo Enthusiasts Get a Sneak Peek at the Switch 2 Amid Tariff Concerns
Japanese fans of Nintendo gathered for an exclusive event to test the upcoming Switch 2, raising hopes and concerns about the impact of tariffs on the gaming industry.
Aditya Birla Real Estate Surges as Subsidiary Launches New Residential Project
Aditya Birla Real Estate's share price surged by 5% following the announcement of a new residential project by its wholly-owned subsidiary, Birla Estates Private Limited. This move is expected to boost the company's market position and attract more invest
Bollywood Celebrities Spark Real Estate Boom in India
Square Yards, a leading proptech company, has observed that the acquisition of properties, whether commercial or residential, by Bollywood celebrities often boosts market sentiment and drives a surge in real estate transactions across the country.