Microsoft's Big Bet on India: Tech Giant Invests Rs 520 Crore in Pune's Hinjewadi
Microsoft's latest investment in Indian real estate, a 16.4-acre property in Pune's Hinjewadi, marks a significant expansion of its data centre and office space footprint in the country.
MicrosoftIndiaReal EstateData CentresOffice SpaceReal Estate PuneSep 11, 2024
The company's Indian arm, Microsoft Corporation (India) Private Limited, acquired 66,414.5 square meters of prime land in Pune's Hinjewadi, according to registration documents reviewed by Square Yards. The transaction, registered in August 2024, involved the purchase of land from Indo Global Infotech City LLP, incurring a stamp duty of Rs 31.18 crore and a registration fee of Rs 30,000.
This is not Microsoft's first big investment in Indian real estate. In 2022, the company 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. These deals are all part of Microsoft's plan to establish more data centres, development centres, and office spaces to accommodate its growing workforce.
Currently, Microsoft's workforce in India includes over 23,000 employees across cities such as Bengaluru, Chennai, Hyderabad, Mumbai, and Pune. In early 2024, Microsoft launched a skilling initiative in India, aiming to equip 2 million individuals with AI and digital skills by 2025.
Microsoft's network of data centres already includes locations in Pune, Mumbai, and Chennai. The company's investments in the commercial real estate sector have increased in recent times, as it looks to expand its presence in India.
About Microsoft Microsoft is an American multinational technology company headquartered in Redmond, Washington. The company is one of the largest and most successful tech companies in the world, with a market capitalization of over $2 trillion.
About Square Yards Square Yards is a technology-enabled real estate brokerage firm that provides comprehensive solutions for all real estate needs. The company has a strong presence in India and provides research and analysis on the real estate market.
Frequently Asked Questions
How much did Microsoft invest in the Pune property?
Microsoft invested Rs 520 crore in the 16.4-acre property in Pune's Hinjewadi.
What is the purpose of Microsoft's investment in Indian real estate?
Microsoft's investment in Indian real estate is part of its broader strategy to expand its presence in India, particularly within its data centre operations.
How many employees does Microsoft have in India?
Microsoft's workforce in India includes over 23,000 employees across cities such as Bengaluru, Chennai, Hyderabad, Mumbai, and Pune.
What is Microsoft's skilling initiative in India?
Microsoft launched a skilling initiative in India, aiming to equip 2 million individuals with AI and digital skills by 2025.
Where are Microsoft's data centres located in India?
Microsoft's network of data centres already includes locations in Pune, Mumbai, and Chennai.
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