Hinjewadi Land Purchase Archives - Square Feat India https://squarefeatindia.com/tag/hinjewadi-land-purchase/ Real Estate News Website Fri, 13 Sep 2024 10:48:22 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://squarefeatindia.com/wp-content/uploads/2019/12/squrefeatindia_favicon.png Hinjewadi Land Purchase Archives - Square Feat India https://squarefeatindia.com/tag/hinjewadi-land-purchase/ 32 32 Microsoft Buys 2nd Land Parcel for Rs 453 Crore in Pune https://squarefeatindia.com/microsoft-buys-2nd-land-parcel-for-rs-453-crore-in-pune/ Fri, 13 Sep 2024 10:48:22 +0000 https://squarefeatindia.com/?p=7790 Microsoft has strengthened its presence in India by acquiring a 66,450 square meter land parcel in Pune’s Hinjewadi area for Rs. 453 crore. This marks Microsoft's second major land purchase in Pune within the past month. The investment supports the company's strategy to expand its commercial real estate and data center operations in India. Microsoft’s recent acquisitions align with its broader goal of increasing its footprint in the Indian market, following similar deals in Pimpri-Chinchwad and Hyderabad. Additionally, Microsoft’s ADVANTA(I)GE INDIA initiative aims to train 2 million people in AI and digital skills by 2025.

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]]> Microsoft has purchased a land parcel in Pune’s Hinjewadi area for Rs. 453 crore, marking its second significant land acquisition in the region within the past month. This transaction follows an August deal where Microsoft acquired 66,415 square meters (16.4 acres) of land in the same locality for approximately Rs. 520 crore.

The recent land deal, finalized in September 2024, involved 66,450 square meters (about 16.4 acres) bought from Viva Highways Limited. The acquisition, registered under Microsoft Corporation (India) Private Limited, included a stamp duty of Rs. 27.18 crore and a registration fee of Rs. 30,000.

This purchase is part of Microsoft’s broader strategy to enhance its commercial real estate holdings in India. The company has previously bought 25 acres in Pimpri-Chinchwad for Rs. 328 crore in 2022 and 48 acres in Hyderabad for Rs. 267 crore earlier this year.

Microsoft, which employs over 23,000 people across Indian cities such as Bengaluru, Chennai, Hyderabad, Mumbai, and Pune, is also focusing on expanding its data center operations in the country. The company’s ADVANTA(I)GE INDIA initiative aims to train 2 million people in AI and digital skills by 2025.

Also Read: Microsoft Invests ₹520 Crore in Prime Pune Land Parcel

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