Microsoft India Makes Significant Property Investment in Hinjewadi, Pune

Microsoft Expands Property Holdings in India

Microsoft India has recently acquired a prime 16.4-acre property in Pune's Hinjewadi area for approximately Rs 520 crore. This substantial investment showcases Microsoft's increasing commitment to expanding its commercial presence in India's burgeoning real estate sector.

Details of the Transaction

• The official registration documents indicate that Microsoft Corporation (India) Private Limited acquired 66,414.5 square meters of land from Indo Global Infotech City LLP.
• This transaction, completed in August 2024, incurred a stamp duty of Rs 31.18 crore along with a registration fee of Rs 30,000.

Strategic Importance of the Purchase

Microsoft's investment in this property follows its previous acquisitions, including a 25-acre plot in Pimpri-Chinchwad in 2022 for Rs 328 crore and 48 acres of land in Hyderabad for Rs 267 crore earlier this year. The company's focus on establishing more data centers, development centers, and office spaces is a key component of its strategy to accommodate its growing workforce in India.

Looking Ahead

With over 23,000 employees across major cities like Bengaluru, Chennai, and Pune, Microsoft is set to continue enhancing its operations in India. In addition to property investments, the tech giant recently launched a skilling initiative aimed at empowering 2 million individuals with AI and digital skills by 2025.