“Microsoft Acquires 48 Acres in Hyderabad for ₹267 Crore in Land Deal”

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Tech giant Microsoft Corporation (India) Pvt Ltd has made a significant investment in Hyderabad, acquiring a 48-acre land parcel worth ₹267 crore. The transaction, revealed through documents accessed by Propstack, indicates Microsoft’s continued expansion and investment in India’s tech infrastructure.

The purchased land, situated in Elikatta Village, Farooqnagar Mandal, Ranga Reddy district, Telangana, was officially registered on April 18. The per-acre price for this prime real estate translates to approximately ₹5.56 crore, showcasing the substantial scale and value of the deal.

Sai Balaji Developers acted as the land aggregator facilitating this transaction, further highlighting the collaborative efforts in bringing about such major acquisitions.

When approached for comment by HT Digital, Microsoft responded with a statement indicating that they currently have no information to share regarding this development.

This acquisition follows Microsoft’s strategic investments in India’s tech landscape. In 2022, the company had previously acquired three land parcels in Hyderabad for approximately ₹275 crore, earmarked for establishing a data center, as reported by media sources.

Furthermore, in the same year, Microsoft Corporation (India) acquired a significant commercial plot spanning 10.89 lakh sq ft in Pune from Finolex Industries for ₹328.84 crore. The acquisition was facilitated through an agreement with Finolex Industries, with additional stamp duty payments confirming the transaction.

These investments underscore Microsoft’s commitment to expanding its operational footprint in India, aligning with the country’s growing prominence in the global tech industry. The recent land acquisition in Hyderabad is indicative of Microsoft’s continued focus on strengthening its infrastructure and capabilities in the region.

Additionally, the broader real estate landscape in India has seen considerable activity, with approximately 101 separate land deals totaling nearly 2,989 acres across the country in the fiscal year 2023-24, as per data shared by Anarock. This highlights the ongoing dynamism and investment potential in India’s real estate sector, particularly within the tech and commercial segments.

Sources By Agencies