Microsoft's Strategic Land Acquisition in Pune's Hinjewadi Area
Wednesday, 11 September 2024, 03:05
Microsoft's Strategic Land Acquisition
In August 2024, Microsoft finalized the purchase of a substantial 16.4-acre land parcel in the bustling Hinjewadi area of Pune for ₹520 crore. This strategic investment underscores Microsoft's long-term vision for expansion in India's vibrant tech sector.
Details of the Transaction
- The land was acquired from Indo Global Infotech City LLP.
- Registration of the sale deed occurred in August 2024.
- This acquisition is part of a broader strategy to enhance Microsoft's operations in India.
With this move, Microsoft signals its commitment to driving technological innovation in the region, reinforcing Pune's status as a leading hub for tech development.
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.