"Microsoft Acquires ₹520 Crore Land Parcel in Pune's Hinjewadi"

Global technology leader Microsoft has bolstered its presence in India’s IT sector by acquiring a prime land parcel in Pune’s Hinjewadi IT Park for ₹519.72 crore, according to Square Yards.

The acquisition, finalized in August 2024, encompasses 66,414.5 square meters (approximately 16.4 acres) and was secured from Indo Global Infotech City LLP. The transaction included a stamp duty of ₹31.18 crore and a registration fee of ₹30,000.

This move is part of Microsoft's broader strategy to enhance its commercial real estate holdings in India. The company previously purchased a 25-acre site in Pimpri-Chinchwad for ₹328 crore in 2022 and acquired 48 acres in Hyderabad earlier this year for ₹267 crore.

The new land acquisition aligns with Microsoft's ongoing efforts to expand its data centre operations and strengthen its presence in India's burgeoning digital infrastructure sector. The company currently operates data centres in Pune, Mumbai, and Chennai.

With over 23,000 employees across key cities including Bengaluru, Chennai, Hyderabad, Mumbai, and Pune, Microsoft supports various business functions, such as sales, marketing, research, development, and customer support.

Additionally, Microsoft has launched the “ADVANTA(I)GE INDIA” initiative, aiming to equip 2 million people with AI and digital skills by 2025, as part of its global “Skills for Jobs” program.

This latest investment highlights Microsoft's commitment to deepening its engagement in India and contributing to the nation’s digital growth.

HBL