Press Trust of India
Global tech giant Microsoft has bought 16.4 acres of land in Pune for Rs. 520 crore, according to real estate consultant Square yards.
“As per the registration document reviewed by Square Yards, Microsoft’s Indian arm, Microsoft Corporation (India) Pvt Ltd, acquired 66,414.5 square meters (around 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 consultant said in a statement.
The deal incurred a stamp duty of Rs. 31.18 crore and a registration fee of Rs. 30,000 it added.
Earlier in 2022, the company bought 25-acre plot in Pimpri-Chinchwad for Rs. 328 crore. Also, earlier this year, Microsoft owned 48 acre of land in Hyderabad for Rs. 267 crore.
Both deals are part of Microsoft’s broader strategy to expand its presence in India, particularly within its data center operations. The company’s network of data centers already includes locations in Pune, Mumbai, and Chennai solidifying its presence across key markets.
