Microsoft Invests Rs 520 Crore in Pune Land Purchase, Expands India Footprint
Microsoft's latest investment in Pune's commercial real estate sector strengthens its presence in India's IT hub
MicrosoftIndiaReal EstatePuneInvestmentReal Estate PuneSep 12, 2024
As per the registration document reviewed by Square Yards, 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. The company's network of data centres already includes locations in Pune, Mumbai, and Chennai, solidifying its presence across key markets.
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 invest in the Pune land purchase?
Rs. 519.72 crore
What is the size of the land acquired by Microsoft in Pune?
66,414.5 square meters (~16.4 acres)
What is the purpose of Microsoft's investment in India's commercial real estate sector?
To expand its presence in India, particularly within its data centre operations
How many employees does Microsoft have in India?
Over 23,000 employees across cities such as Bengaluru, Chennai, Hyderabad, Mumbai, and Pune
What is the name of Microsoft's skilling initiative in India?
ADVANTA(I)GE INDIA
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