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Microsoft Acquires 16.4-Acre Land Parcel At Pune's Hinjewadi for Rs 520 Crore.
Sep 11, 2024 02:49 pm
By
infodivyadelhi

Divya Delhi: Microsoft pays Rs 520 crore to purchase a 16.4-acre land parcel in Hinjewadi, Pune.According to Square Yards, the multinational software giant Microsoft has made a substantial investment of Rs 519.72 crore in Pune, one of India's most well-known IT centers. Microsoft has been investing more in India's commercial real estate market lately. These assets include data centers, development centers, and flexible office spaces. Microsoft Corporation (India) Private Limited, the company's Indian affiliate, reportedly purchased 66,414.5 square meters (16.4 acres) of premium property in Hinjewadi, Pune, according to the registration paperwork that Square Yards inspected. In August 2024, the land acquisition from Indo Global Infotech City LLP was documented in the deal. A Rs. 30,000 registration charge and Rs. 31.18 crore in stamp duty were associated with the sale. Furthermore, Microsoft initiated a significant skill-building program in India at the beginning of 2024 with the goal of providing 2 million people with digital and AI 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.