Microsoft acquires 16.4- acre land parcel for Rs 520 crore in Pune

Microsoft has recently purchased a 16.4-acre land parcel for Rs 520 crore in Pune’s Hinjewadi area, over two years after buying a 25-acre plot in city’s Pimpri-Chinchwad area for Rs 328 crore as the tech major doubles down on its efforts to develop large data centres in big Indian cities.

With the latest purchase, the US firm has spent Rs 848 crore in Pune on land purchase.

As per the registration document, Microsoft’s Indian arm, Microsoft Corporation (India) Private Limited, acquired 16.4 acres (equivalent to 66,414.5 square meters) of prime land in Pune’s Hinjewadi, one of India’s prominent IT hubs.