Microsoft Acquires Rs 520 Crore Land Parcel in Pune’s Hinjewadi: Square Yards

Pune / September 11, 2024: Global tech giant Microsoft has purchased about 16.5 acres of land for Rs. 519.72 crore in Pune, according to Square Yards. As per the registration document reviewed by Square Yards, Microsoft’s Indian arm, Microsoft Corporation (India) Private Limited, acquired 66,414.5 square meters (about 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, a statement from Square Yards said.

In the recent years, Microsoft’s investments in India’s commercial real estate sector have increased, spanning data centers, development centers, and flexible office spaces.

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 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.