Microsoft India Acquires 25-Acre Land Parcel Near Hyderabad for ₹181 Crore
Global tech giant Microsoft has purchased a 25-acre land parcel in Mekaguda, near Hyderabad, for ₹181.25 crore. This marks another significant land acquisition in the company's recent spree across India.
MicrosoftHyderabadLand AcquisitionReal EstateIndiaReal Estate PuneDec 04, 2024
The land was acquired from Natco Pharma Limited and Time Cap Pharma Labs Pvt Ltd. The deal involved a stamp duty of ₹9.96 crore, a registration fee of ₹3.62 crore, and other charges of over ₹18 lakh. An email query has been sent to Microsoft Corporation (India) Pvt Ltd, while Natco Pharma Ltd and Time Cap Pharma Labs Pvt Ltd could not be reached for comment. The story will be updated if a response is received.
Microsoft Corporation India has been actively purchasing land parcels over the past two years. The company has invested close to ₹1,000 crore by acquiring over 30 acres of land in Pune’s Hinjewadi, a major IT hub, as per property registration documents accessed by Square Yards. In August, Microsoft Corporation (India) bought around 16 acres of land in Pune from Viva Highways for ₹453 crore. In 2022, Microsoft acquired 10.89 lakh sq ft of a commercial plot in Pune from Finolex Industries for ₹328.84 crore.
The land acquisition spree by Microsoft reflects the company's strategic expansion in India’s growing tech and real estate sectors. The recent deal in Hyderabad adds to the company’s significant footprint in key IT hubs across the country.
Land deals across India have also seen a significant uptick. According to a report by property consultancy CBRE, over 100 land deals spanning approximately 1,700 acres were closed across six major cities in India between January and September 2024. The land deal volume increased by 65% year-on-year compared to the same period last year. Delhi-NCR led the land deal activity with an approximately 32% share, with Gurgaon accounting for the highest land deal share at around 65% and Noida/Greater Noida at about 20%.
Microsoft’s recent acquisitions underscore its commitment to expanding its presence in India’s tech and real estate markets. The company's strategic land purchases are likely to support the development of new facilities and infrastructure, further boosting its operations in the region.
Frequently Asked Questions
How much did Microsoft pay for the 25-acre land parcel in Mekaguda?
Microsoft paid ₹181.25 crore for the 25-acre land parcel in Mekaguda, near Hyderabad.
Who were the sellers of the land parcel to Microsoft?
The land parcel was sold to Microsoft by Natco Pharma Limited and Time Cap Pharma Labs Pvt Ltd.
What other significant land acquisitions has Microsoft made in India recently?
Microsoft has acquired over 30 acres of land in Pune’s Hinjewadi and around 16 acres of land in Pune from Viva Highways. In 2022, the company also acquired a commercial plot of 10.89 lakh sq ft in Pune from Finolex Industries.
What is the significance of Microsoft's land acquisition spree in India?
Microsoft’s land acquisitions reflect the company's strategic expansion in India’s growing tech and real estate sectors, supporting the development of new facilities and infrastructure.
What is the current trend in land deals across major Indian cities?
According to a report by CBRE, over 100 land deals spanning approximately 1,700 acres were closed across six major cities in India between January and September 2024, with a 65% increase year-on-year in deal volume.
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