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Land Acquisition

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Microsoft land acquisition Pune September 2024

Microsoft Invests ₹520 Crore in Prime Pune Land Parcel

Microsoft has acquired a 16.4-acre land parcel in Pune’s Hinjewadi for ₹519.72 crore, marking a significant investment in India’s commercial real estate sector. This purchase, registered in August 2024, is part of Microsoft’s broader strategy to enhance its data center operations and infrastructure across key Indian IT hubs, following similar investments in Pimpri-Chinchwad and Hyderabad.
Revolutionizing Mumbai’s Real Estate: The Impact of Infrastructure Development on the MMR Landscape

CTIL Acquires 10 Acres of Prime Land in Worli, Mumbai for Rs. 1100 Cr

CTIL has acquired 10 acres of prime leasehold land in Worli, Mumbai, from Mr. Nusli Wadia for Rs. 1100 crore. The land, set to be developed by Birla Estates, significantly enhances CTIL’s real estate holdings, contributing an estimated Rs. 14,000 crore in booking value potential and expanding their contiguous land portfolio to 30 acres with a combined value of Rs. 28,000 crore.