Microsoft India Expands its Footprint with ₹453 Crore Land Purchase in Pune's IT Hub
Pune real estate market sees significant investment from global tech giant Microsoft
Microsoft IndiaPune Real EstateHinjewadi It HubCommercial Real EstateData CentersDevelopment CentersReal Estate PuneSep 13, 2024
The recent land deal in Pune, registered in September 2024, involved the purchase of 66,450 square metres (approximately 16.4 acres) from Viva Highways Limited. This transaction was registered on September 5. The deal incurred a stamp duty of Rs. 27.18 crore and a registration fee of Rs. 30,000.
Microsoft's investments in India's commercial real estate sector have increased in recent years, spanning data centers, development centers, and flexible office spaces. The company had earlier acquired 10.89 lakh sq ft of commercial plot in Pune from Finolex Industries for a consolidated amount of ₹328.84 crore.
In FY-24, over 83 land deals for over 1,135 acres closed in top seven cities alone, remaining 18 deals over 1,853 acres in tier 2 and 3 cities. Among the top cities, NCR clocked 29 land deals for more than 313 acres, followed by MMR with 19 land deals for approximately more than 157 acres.
Anand Moorthy, co-founder and CBO, Capital Market & Services, Square Yards, said, 'India is the most exciting market for tech expansion right now, having a strong talent pool across the country and a maturing infrastructure for global tech giants.'
Microsoft has so far bought land parcels worth ₹972 crore in the last one month in Pune. The company's real estate deals in India are expected to continue, with many more investments planned in the coming years.
About Square Yards
Square Yards is a leading real estate consultancy firm in India, providing data intelligence research on registered land transactions.
About Microsoft
Microsoft is a global technology company, providing a range of software, services, and solutions to individuals and businesses.
About Anarock
Anarock is a leading real estate consultancy firm in India, providing research and analysis on the Indian real estate market.
Frequently Asked Questions
How much did Microsoft invest in the land parcel in Pune?
Microsoft invested close to ₹453 crore in the land parcel in Pune.
What is the size of the land parcel purchased by Microsoft in Pune?
The land parcel purchased by Microsoft in Pune is approximately 16.4 acres.
What is the name of the company from which Microsoft purchased the land parcel in Pune?
Microsoft purchased the land parcel in Pune from Viva Highways Limited.
How many land deals were closed in FY-24 in top seven cities?
Over 83 land deals for over 1,135 acres were closed in FY-24 in top seven cities.
What is the expected trend in Microsoft's real estate deals in India?
Microsoft's real estate deals in India are expected to continue, with many more investments planned in the coming years.
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