Global technology leader Microsoft has made a major investment in India’s IT sector by acquiring a prime land parcel in Pune’s Hinjewadi area for ₹519.72 crore, as reported by Square Yards. This acquisition underscores Microsoft’s growing commitment to expanding its presence in India’s commercial real estate market, particularly for its data center and development operations.
Acquisition Details:
- Land Size: 66,414.5 square meters (approximately 16.4 acres)
- Seller: Indo Global Infotech City LLP
- Stamp Duty: ₹31.18 crore
- Registration Fee: ₹30,000
- Registration Date: August 2024
The latest purchase is part of Microsoft’s broader strategy to bolster its infrastructure in India. The company has previously made significant investments in the region, including a 25-acre plot in Pimpri-Chinchwad for ₹328 crore in 2022 and 48 acres in Hyderabad earlier this year for ₹267 crore.
Microsoft’s expanding network of data centers now includes key locations in Pune, Mumbai, and Chennai. The company’s workforce in India exceeds 23,000 employees across major cities such as Bengaluru, Chennai, Hyderabad, Mumbai, and Pune, supporting various functions from sales to research and development.
In addition to its real estate investments, Microsoft has launched a major skilling initiative in early 2024. The ADVANTA(I)GE INDIA program aims to train 2 million individuals in AI and digital skills by 2025 as part of the company’s “Skills for Jobs” initiative, which is designed to prepare the workforce for future technological advancements.
This latest land acquisition reaffirms Microsoft’s strategic focus on strengthening its foothold in India and advancing its technological and operational capabilities in one of the world’s fastest-growing IT markets.
