Microsoft Corp India Secures 16 Acres of Land in Pune - A Dive into Real Estate Expansion
Microsoft Corp India’s Strategic Land Acquisition
In a noteworthy development, Microsoft Corp India has finalized the purchase of approximately 16 acres of prime real estate in Pune from Viva Highways for a staggering Rs 453 crore. This transaction, registered in September 2024, has drawn keen attention from property experts at Square Yards.
Details of the Transaction
- Total area acquired: 66,450 square meters (around 16.4 acres).
- Incurring a stamp duty: Rs 27.18 crore.
- Registration fee: Rs 30,000.
This acquisition is a part of Microsoft's strategic push to enhance its footprint in India's tech landscape, especially focusing on data centre expansion. Prior to this, Microsoft had also acquired a plot in Pune for Rs 520 crore and one in Pimpri-Chinchwad for Rs 328 crore.
Analyzing the Bigger Picture
Such land acquisitions exemplify Microsoft Corp India’s long-term strategy to solidify its data centre operations across key locations like Pune and Hyderabad. These strategic moves not only enhance operational capabilities but also reflect the growing demand for tech infrastructure in the region.
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.