The company’s Indian arm, Microsoft Corporation (India) Private Limited, acquired 66,414.5 square meters (~16.4 acres) of prime land in Pune’s Hinjewadi in four separate deals.
Microsoft news: American technology giant Microsoft has made a major real estate investment. According to the documents accessed by the Square Yards, the company has invested close to Rs. 519.72 crore on land parcels spread across an area of 16.4 acres in Pune’s Hinjewadi. The tech giant, in recent years, has invested big in India’s commercial real estate sector. The company has built data centers, development centers, and flexible office spaces.
The company’s Indian arm, Microsoft Corporation (India) Private Limited, acquired 66,414.5 square meters (~16.4 acres) of prime land in Pune’s Hinjewadi in four separate deals.
As per the sale deed documents, the transactions, registered in August 2024, involved the purchase of land from Indo Global Infotech City LLP. The deal incurred a stamp duty of Rs. 31.18 crore and a registration fee of Rs. 30,000.
An email has been sent to the company. The story will be updated once a response is received.
Other real estate deals
Microsoft Corporation (India), in 2022, expanded its footprint in Pune when it acquied a 10.89-acre commercial plot in the Pimpri Waghere area from Finolex Industries. According to the reports, the acquisition involved the transfer of leasehold rights and, valued at Rs 328.84 crore. Microsoft subsequently paid a stamp duty of Rs 16.44 crore to finalize the transaction.
Earlier this year, Microsoft secured 48 acres of land in Hyderabad for Rs. 267 crore.
Tech giant Microsoft Corporation (India) Pvt Ltd has bought a 48 acre land parcel in Hyderabad for ₹267 crore, documents showed. In 2022, Microsoft acquired three land parcels in Hyderabad for around ₹275 crore to establish a data center, according to media reports.