Enterprise Software Growth: Microsoft Invests in Pune with Major Land Acquisition
Microsoft's Strategic Land Acquisition
Enterprise software leader Microsoft has recently purchased a 16.4 acre plot in Pune's tech hub, Hinjewadi, for INR 435 Cr. The company has aggressively acquired over 30 acres in the region within just one month, totaling INR 973 Cr in investments.
- Stamp duty paid: INR 27.18 Cr
- Registration fee: INR 30,000
This acquisition follows a similar transaction where the company acquired a 13.6 acre land parcel for INR 520 Cr. Although specific reasons for the purchases remain unclear, Microsoft has been focused on investing in India's real estate sector for establishing data centers and development hubs.
Commitment to Data Center Development
In 2022, Microsoft acquired a significant 25-acre land for a hyperscale cloud capacity data center with a construction capacity of 100 MW. With the booming demand for cloud services in India heightened by increased online businesses, 5G rollout, and data localisation mandates, this move aligns with industry trends.
- Growing online penetration
- Increased demand for digital payments and gaming
Moreover, other tech giants, like Google, are positioning themselves similarly in India, reflecting a strong trend among big tech firms to invest in data centers across the nation.
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.