Microsoft India Invests ₹453 Crore in Pune's IT Hub Hinjewadi, Expands Footprint in India
Microsoft India has acquired a 16.4-acre land parcel in Pune's Hinjewadi for ₹453 crore, marking its second major land deal in the city in recent times.
Microsoft IndiaPuneHinjewadiIt HubReal EstateLand DealInvestmentSquare YardsAnarockReal Estate NewsSep 13, 2024
The recent land deal in Pune, registered in September 2024, involved the purchase of 66,450 square meters (approximately 16.4 acres) from Viva Highways Limited. This transaction was registered on September 5 and incurred a stamp duty of ₹27.18 crore and a registration fee of ₹30,000.
Microsoft had earlier bought a similar-sized land parcel of over 16 acres in Pune's Hinjewadi for ₹519.72 crore. With this deal, 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. The company's real estate deals in India include the acquisition of 10.89 lakh sq ft of commercial plot in Pune from Finolex Industries for ₹328.84 crore in 2022.
Earlier this year, Microsoft secured 48 acres of land in Hyderabad for ₹267 crore. India is emerging as a key market for tech expansion, with a strong talent pool and maturing infrastructure.
“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 centers, and data centers,
Frequently Asked Questions
How much did Microsoft India invest in the land parcel in Pune's Hinjewadi?
Microsoft India invested ₹453 crore in the 16.4-acre land parcel in Pune's Hinjewadi.
What is the total value of land parcels bought by Microsoft in Pune in the last one month?
Microsoft has bought land parcels worth ₹972 crore in the last one month in Pune.
What is the size of the land parcel acquired by Microsoft in Hyderabad earlier this year?
Microsoft secured 48 acres of land in Hyderabad for ₹267 crore earlier this year.
How many land deals were sealed by real estate developers and entities in fiscal year 2023-24?
Approximately 101 separate land deals were sealed by real estate developers and entities in fiscal year 2023-24.
Which city clocked the most land deals in the top seven cities in FY-24?
NCR clocked 29 land deals for more than 313 acres in FY-24.
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.