In a strategic move to strengthen its presence in the Indian market, global tech giant Microsoft has invested a whopping ₹453 crore in acquiring a land parcel spread across 16.4 acres in Pune’s Hinjewadi.
This significant transaction underscores Microsoft’s commitment to expanding its footprint in India, particularly in areas related to data centers and office spaces.
The Land Deal
The recently acquired land parcel is situated in Hinjewadi, a major IT hub in Pune. Microsoft purchased the property from Viva Highways Limited.
The deal was registered in September 2024. The parcel spans approximately 66,450 square meters (equivalent to 16.4 acres).
The transaction incurred a stamp duty of ₹27.18 crore and a registration fee of ₹30,000.
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This isn’t Microsoft’s first foray into Pune’s real estate market. In the past, the company had acquired another similarly sized land parcel—over 16 acres—in Hinjewadi for ₹519.72 crore.
With this recent purchase, Microsoft has now invested a total of ₹972 crore in land parcels within Pune over the last month.
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Microsoft Expanding Footprint in India
Microsoft’s investments in India’s commercial real estate sector have been on the rise. Beyond land acquisitions, the company has been actively expanding its presence in various domains:
Microsoft’s commitment to data centers aligns with India’s growing digital infrastructure needs. The company continues to invest in development centers, tapping into India’s rich talent pool.
As remote work becomes more prevalent, flexible office spaces are crucial for collaboration and productivity.
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