Microsoft India Invests Rs 520 Crore in Pune's Commercial Real Estate
Microsoft's investments in India's commercial real estate sector have increased, with a recent acquisition of 16.4 acres of land in Pune's Hinjewadi for Rs 520 crore.
Microsoft IndiaPuneCommercial Real EstateData CenterSkilling InitiativeReal Estate PuneSep 11, 2024
In recent years, Microsoft's investments in India's commercial real estate sector have increased, spanning data centers, development centers, and flexible office spaces.
As per the registration document reviewed, Microsoft's Indian arm, Microsoft Corporation (India) Private Limited, acquired 66,414.5 square meters (16.4 acres) of prime land in Pune's Hinjewadi. The transaction, registered in August 2024, involved the purchase of land from Indo Global Infotech City LLP. The deal incurred a stamp duty of Rs 31.18 crore and a registration fee of Rs 30,000.
In 2022, the company also acquired a 25-acre plot in Pimpri-Chinchwad for Rs 328 crore. Earlier this year, Microsoft secured 48 acres of land in Hyderabad for Rs 267 crore. Both deals are part of Microsoft's broader strategy to expand its presence in India, particularly within its data centre operations.
Currently, the company's workforce in India includes over 23,000 employees across cities such as Bengaluru, Chennai, Hyderabad, Mumbai, and Pune. These teams support various business functions, including sales, marketing, research, development, and customer support.
Additionally, in early 2024, Microsoft launched a major skilling initiative in India, aiming to equip 2 million individuals with AI and digital skills by 2025. The program, known as ADVANTA(I)GE INDIA, is part of the company's \
Frequently Asked Questions
How much did Microsoft India invest in Pune's commercial real estate?
Rs 520 crore
What is the location of the acquired land?
Hinjewadi, Pune
What is the purpose of Microsoft's investment in India?
To expand its data center operations and presence in India
How many employees does Microsoft have in India?
Over 23,000
What is the name of Microsoft's skilling initiative in India?
ADVANTA(I)GE INDIA
Related News Articles
Attack on Real Estate Employee: Minor Dispute Turns Violent, Leaves Victim in Critical Condition
A brutal attack on a real estate employee in Lucknow's Vibhutikhand area has left the victim fighting for his life. The incident occurred over a minor dispute, which escalated into a violent confrontation.
Mumbai Real Estate Fraud: Co-Owner Arrested for ₹67.5 Crore Scam
The owner of Amikrupa Land Developers, a Mumbai-based real estate company, has been arrested for defrauding a businessman of ₹67.5 crore. Stay updated on this real estate fraud case in Mumbai!
Gujarat Government Seeks Public Input on Revised Real Estate Jantri Rates
The Gujarat government is adopting a more transparent approach by soliciting public feedback on revised jantri rates to align with current market conditions, addressing previous discrepancies and fostering optimism in the real estate sector.
Amitabh and Abhishek Bachchan Acquire Luxurious Properties in Mumbai’s Mulund West
In a significant real estate move, the renowned Bollywood actors Amitabh and Abhishek Bachchan have recently purchased properties worth nearly ₹25 crore in Mumbai’s Mulund West. Discover the details of these high-value acquisitions and the Bachchan family
3 Lucrative Ways to Invest in Real Estate for the New Year
Explore the latest trends in real estate investment, including fractional ownership, REITs, and mutual funds, in high-growth areas like Pune, Goa, and Hyderabad.
Mumbai: Mall of Homes 2025 Expo Sees Over 14,000 Visitors on Day One, Rethinking Real Estate
The three-day event is set to revolutionize the real estate buying experience with cutting-edge schemes and technology-driven solutions, attracting a massive crowd on its opening day.