Pune News: Microsoft Acquires 16.4 Acres of Prime Land in Hinjewadi for Rs 520 Crore
Pune News: Microsoft Acquires 16.4 Acres of Prime Land in Hinjewadi for Rs 520 Crore
Microsoft Corporation (India) Pvt. Ltd. has completed the purchase of a 16.4-acre land parcel in Pune’s Hinjewadi for Rs 519.72 crore, according to Square Yards. This marks a major investment in one of India’s leading IT hubs. The acquisition is part of Microsoft’s broader strategy to expand its presence in India’s commercial real estate sector, including data centers, development centers, and flexible office spaces.
The deal, finalized in August 2024, involved the purchase of land from Indo Global Infotech City LLP. As per registration records, Microsoft paid Rs 31.18 crore in stamp duty and a registration fee of Rs 30,000.
This acquisition follows Microsoft’s other recent investments, such as the purchase of 25 acres in Pimpri-Chinchwad for Rs 328 crore in 2022 and 48 acres in Hyderabad earlier this year for Rs 267 crore. These transactions are in line with the company’s strategy to expand its data center operations across key locations like Pune, Mumbai, and Chennai.
Microsoft currently employs over 23,000 people in India, with offices in major cities such as Bengaluru, Chennai, Hyderabad, Mumbai, and Pune. The workforce supports various functions, including sales, marketing, research, development, and customer service. Earlier in 2024, Microsoft launched the ADVANTA(I)GE INDIA initiative, which aims to provide AI and digital skills training to 2 million people by 2025 as part of its “Skills for Jobs” program, designed to build a future-ready workforce in India.
