Microsoft spent Rs 520 crore for a 16.4-acre plot of property in Pune's Hinjewadi neighbourhood.

This is Microsoft's second significant land purchase in India. Microsoft intensifying its efforts to build massive data centers in major Indian cities. The US Company has now invested Rs 848 crore on Microsoft land acquisition in Pune.

According to the registration document, Microsoft India Corporation Private Limited, the company's Indian subsidiary, purchased 16.4 acres, or 66,414.5 square meters, of valuable land in Hinjewadi, Pune, one of the country's most well-known IT hubs.

In August 2024, a transaction including the acquisition of land from Indo Global Infotech City LLP was registered. Stamp duty on the purchase was Rs 31.18 crore. The deed was recorded with the competent sub registrar on September 6, according to the paperwork.

Microsoft real estate deal paid Rs 267 crore earlier this year to acquire 48 acres of land in Hyderabad.

Both the Pune and Hyderabad transactions, according to proptech platform Square Yards, are a part of Microsoft's larger plan to increase its footprint in India, especially in relation to its data center operations.

The company has already established a strong foothold in important markets with its network of data centers, which includes locations in Pune, Mumbai, and Chennai.

Additionally, Microsoft started a significant skill-building program in India at the beginning of 2024 with the goal of supplying two million people with digital and artificial intelligence capabilities by the end of 2025. ADVANTA (I) GE INDIA is a program that is a component of the company's 'Skills for Jobs' strategy, which aims to develop a workforce prepared for the future.

At the moment, the company employs around 23,000 people in India, spread throughout Bengaluru, Chennai, Hyderabad, Mumbai, and Pune. These groups assist with a range of corporate operations, such as customer service, marketing, sales, and research and development.