Vikrant Shekhawat : Sep 12, 2024, 06:00 AM
Microsoft News: Microsoft, one of the world's largest tech companies, has announced a major real estate investment in India. The company has bought 16.4 acres of land in Pune by spending Rs 520 crore. The move is part of the company's strategy to expand its operations and infrastructure in India.In which area has the purchase been made?According to real estate consultant Square Yards, Microsoft has bought 66,414.5 square meters (about 16.4 acres) of land in Hinjewadi area of Pune in August 2024. The deal has been done with Indo Global Infotech City LLP. The transaction attracts stamp duty of Rs 31.18 crore and registration fee of Rs 30,000. However, Microsoft has not issued any official statement on this transaction.Microsoft's real estate strategy in IndiaThis new purchase by Microsoft reflects the continuation of the company's real estate investment in India over the past few years. In 2022, the company bought a 25-acre plot in Pimpri-Chinchwad, Maharashtra for Rs 328 crore. Subsequently, earlier this year, Microsoft acquired 48 acres of land in Hyderabad for Rs 267 crore.These purchases are aimed at expanding the company's data center network in India. Currently, Microsoft's data centers are located in Pune, Mumbai and Chennai, strengthening the company's presence in key markets.Microsoft's presence and strategy in IndiaTo expand its operations in India, Microsoft is constantly investing in real estate. The company aims to create critical physical infrastructure for its cloud services, data centers and other technical facilities. Given the growing demand for digital and technological infrastructure in India, this investment strategy of Microsoft is an important step towards the long-term growth and sustainability of the company.ConclusionThis new real estate investment by Microsoft not only reflects the company's growing presence in India but also indicates how the tech giant is implementing its global strategy locally. With the expansion of data centers and technical infrastructure in India, Microsoft is further enhancing its ability to provide better services and faster response to its customers. In the times to come, it will be interesting to see how much success this investment brings to the company and how much it increases its influence in the Indian market.