Microsoft India Expands Pune Footprint with ₹453 Crore Land Purchase
Microsoft has invested in another land parcel in Pune's Hinjewadi, a major IT hub, for ₹453 crore.
Microsoft IndiaPune Real EstateHinjewadi It HubCommercial Real EstateData CentersReal EstateSep 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, the documents showed. 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, the property registration documents showed. It had earlier bought a similar sized land parcel of over 16 acres in Pune's Hinjewadi for Rs. 519.72 crore, documents accessed by Square Yards showed.
With this Microsoft has so far bought land parcels worth ₹972 crore in the last one month in Pune. In recent years, Microsoft’s investments in India's commercial real estate sector have increased, spanning data centers, development centers, and flexible office spaces.
Microsoft's real estate deals in India have been on the rise. In 2022, Microsoft Corporation (India) had acquired 10.89 lakh sq ft of commercial plot in Pune from Finolex Industries for a consolidated amount of ₹328.84 crore.
Earlier this year, Microsoft secured 48 acres of land in Hyderabad for Rs. 267 crore. “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.
Demonstrating this trend, our data intelligence research on registered land transactions indicates that more and more tech-oriented global companies are expanding their presence in India for new office spaces, development centres, and data centres,\
Frequently Asked Questions
How much did Microsoft India invest in the land parcel in Pune?
Microsoft India invested ₹453 crore in the land parcel in Pune.
What is the size of the land parcel purchased by Microsoft India in Pune?
The land parcel purchased by Microsoft India in Pune is approximately 16.4 acres.
What is the name of the company from which Microsoft India purchased the land parcel in Pune?
Microsoft India purchased the land parcel in Pune from Viva Highways Limited.
How much stamp duty was incurred on the land deal in Pune?
The stamp duty incurred on the land deal in Pune was Rs. 27.18 crore.
What is the total value of land parcels purchased by Microsoft India in Pune in the last one month?
Microsoft India has purchased land parcels worth ₹972 crore in the last one month in Pune.
Related News Articles
Mumbai Real Estate Developer and CEO Embroiled in ₹13.65 Crore Fraud Case
A Mumbai-based real estate developer and CEO have been booked for allegedly forging documents and duping a partner of ₹13.65 crore in a Bhandup land deal.
Mumbai Property Registration Revenue Surges 52% YoY to Rs 1,081 Crore This Diwali
According to data from the Inspector General of Registration (IGR), Maharashtra, property registrations in Mumbai witnessed a remarkable 22% year-over-year increase, with 11,861 homes registered in October 2024, compared to 9,736 in November 2023.
AI Bubble Deflating: Zoho's Sridhar Vembu Stresses Importance of Real Engineering Work
Zoho CEO Sridhar Vembu discusses the potential deflation of the AI bubble and emphasizes the enduring importance of real engineering work in the tech industry.
ED Seizes ₹19.61 Crore from Karrm Developers Linked to Vivek Oberoi in Real Estate Scandal
The Enforcement Directorate (ED) in Mumbai has taken action against Karrm Developers, a real estate firm associated with actor Vivek Oberoi, by seizing assets worth ₹19.61 crore. The action is part of an ongoing investigation into financial misconduct in the affordable housing sector.
Mumbai Sees Record-Breaking Property Registration in March 2025
Mumbai witnessed a surge in property registration in March 2025, driven by the impending hike in reckoner rates set to take effect from April 2025. This surge highlights the robust demand in the city's real estate market.
Private Equity Investments Fuel 133% Surge in Real Estate Deal Volumes in Q1 2025
Real estate deal volumes soared by 133% in the first quarter of 2025, driven predominantly by private equity (PE) investments, which accounted for 88% of the total transactions.