November23 , 2024

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

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    Global expertise titan Microsoft has really made a considerable monetary funding of Rs 519.72 crore in Pune, amongst India’s well-known IT facilities, in accordance withSquare Yards In present years, Microsoft’s monetary investments in India’s industrial property business have really raised, extending data centres, development centres, and adaptable office.

    As per the enrollment file assessed by Square Yards, Microsoft’s Indian arm, Microsoft Corporation (India) Private Limited, obtained 66,414.5 sq. 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 cut price sustained a stamp process ofRs 31.18 crore and an enrollment price ofRs 30,000.

    In 2022, the agency moreover bought a 25-acre story in Pimpri-Chinchwad forRs 328 crore. Earlier this yr, Microsoft protected 48 acres of land in Hyderabad forRs 267 crore. Both gives grow to be a part of Microsoft’s wider technique to broaden to broaden its existence in India, particularly inside its data centre procedures. The agency’s community of knowledge centres at present consists of locations in Pune, Mumbai, and Chennai, strengthening its existence all through important markets.

    Currently, the agency’s labor pressure in India consists of over 23,000 employees all through cities reminiscent of Bengaluru, Chennai, Hyderabad, Mumbai, andPune These teams maintain totally different group options, consisting of gross sales, promoting, research, development, and shopper help. Additionally, in very early 2024, Microsoft launched a big skilling marketing campaign in India, aspiring to gear up 2 million folks with AI and digital skills by 2025. The program, known as ADVANTA( I) GE INDIA, belongs to the agency’s “Skills for Jobs” marketing campaign made to domesticate a future-ready labor pressure.



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