Microsoft Acquires 16.4-Acre Land Parcel At Pune’s Hinjewadi for Rs 520 Crore

Global technology titan Microsoft has actually made a substantial financial investment of Rs 519.72 crore in Pune, among India’s famous IT centers, according toSquare Yards In current years, Microsoft’s financial investments in India’s industrial property industry have actually raised, extending information centres, growth centres, and adaptable workplace.

As per the enrollment file assessed by Square Yards, Microsoft’s Indian arm, Microsoft Corporation (India) Private Limited, obtained 66,414.5 square meters (16.4 acres) of prime land in Pune’sHinjewadi The deal, signed up in August 2024, entailed the acquisition of land from Indo Global Infotech City LLP. The bargain sustained a stamp task ofRs 31.18 crore and an enrollment cost ofRs 30,000.

In 2022, the firm additionally got a 25-acre story in Pimpri-Chinchwad forRs 328 crore. Earlier this year, Microsoft protected 48 acres of land in Hyderabad forRs 267 crore. Both offers become part of Microsoft’s wider method to broaden to broaden its existence in India, specifically within its information centre procedures. The firm’s network of information centres currently consists of places in Pune, Mumbai, and Chennai, strengthening its existence throughout vital markets.

Currently, the firm’s labor force in India consists of over 23,000 workers throughout cities such as Bengaluru, Chennai, Hyderabad, Mumbai, andPune These groups sustain different organization features, consisting of sales, advertising, study, growth, and client assistance. Additionally, in very early 2024, Microsoft released a significant skilling campaign in India, intending to gear up 2 million people with AI and electronic abilities by 2025. The program, referred to as ADVANTA( I) GE INDIA, belongs to the firm’s “Skills for Jobs” campaign made to cultivate a future-ready labor force.