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.
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