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Microsoft’s Indian arm has bought the land from Indo World Infotech Town LLP. (Document Photograph)
Microsoft Company (Republic of India) Non-public Restricted, bought 66,414.5 sq. meters (16.4 acres) of high land in Pune’s Hinjewadi.
World tech vast Microsoft has made an important funding of Rs 519.72 crore in Pune, one in every of Republic of India’s important IT hubs, in keeping with Sq. Yards. In recent times, Microsoft’s investments in Republic of India’s business actual property sector have greater, spanning information centres, building centres, and versatile administrative center areas.
As according to the registration file reviewed by means of Sq. Yards, Microsoft’s Indian arm, Microsoft Company (Republic of India) Non-public Restricted, bought 66,414.5 sq. meters (16.4 acres) of high land in Pune’s Hinjewadi. The transaction, registered in August 2024, concerned the acquisition of land from Indo World Infotech Town LLP. The offer incurred a stamp accountability of Rs. 31.18 crore and a registration charge of Rs. 30,000.
In 2022, the corporate additionally bought a 25-acre plot in Pimpri-Chinchwad for Rs. 328 crore. Previous this moment, Microsoft join 48 acres of land in Hyderabad for Rs. 267 crore. Each do business in are a part of Microsoft’s broader method to increase to increase its presence in Republic of India, in particular inside of its information centre operations. The corporate’s community of knowledge centres already comprises places in Pune, Mumbai, and Chennai, solidifying its presence throughout key markets.
Lately, the corporate’s staff in Republic of India comprises over 23,000 staff throughout towns akin to Bengaluru, Chennai, Hyderabad, Mumbai, and Pune. Those groups assistance numerous trade purposes, together with gross sales, advertising and marketing, analysis, building, and buyer assistance. Moreover, in early 2024, Microsoft introduced a significant skilling initiative in Republic of India, aiming to equip 2 million people with AI and virtual abilities by means of 2025. This system, referred to as ADVANTA(I)GE INDIA, is a part of the corporate’s “Skills for Jobs” initiative designed to foster a future-ready staff.
