Enterprise Software Impact: Microsoft Acquires 16.4 Acres in Pune for INR 435 Cr
Significant Acquisition in Pune
Microsoft, a leading player in the enterprise software sector, has expanded its real estate footprint in Pune by acquiring a 16.4 acre plot in the city's tech hub, Hinjewadi. For a total of INR 435 Cr, this recent purchase follows shortly after another acquisition in the area.
Investment Details
- Previous Purchase: A 13.6 acre plot for INR 520 Cr.
- Stamp Duties: Paid INR 27.18 Cr for the latest acquisition.
- Registration Fee: INR 30,000 was also processed as part of the transaction.
This move highlights Microsoft's ongoing commitment to establishing data centers and development hubs in India. With cumulative investments exceeding INR 973 Cr in recent months, the tech giant aims to leverage India's growing digital economy.
Rising Demand for Data Centers
The demand for enterprise software and related data services in India has surged due to increased online engagement, the proliferation of digital payments, and the rollout of 5G. Major companies, including Microsoft and Google, are actively acquiring land to develop data centers across the nation, reflecting a strategic response to the booming demand.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.