The land, situated at Hinjewadi, was acquired from Indo World Infotech Metropolis, in accordance with registration paperwork offered by Sq. Yards. The corporate paid stamp responsibility of ₹31.2 crore on the transaction.
The Redmond-based software program big has been investing significantly in India’s industrial actual property. Earlier this 12 months it acquired 48 acres of land in Hyderabad for ₹267 crore, whereas in 2022 it had acquired a 25-acre plot in Pimpri-Chinchwad for ₹328 crore. Each land acquisitions have been for knowledge facilities. It already has knowledge centres in Pune, Mumbai, and Chennai. In response to its web site, it employs round 90 folks in its knowledge centres in Hyderabad and Pune.
The corporate employs over 23,000 folks throughout cities comparable to Bengaluru, Chennai, Hyderabad, Mumbai, and Pune. These groups help varied enterprise capabilities, together with gross sales, advertising and marketing, analysis, growth and buyer help.
In February Microsoft’s chairman and CEO Satya Nadella had pressured on the numerous function that Indian builders have been enjoying in improvements in synthetic intelligence. India has an enormous presence on Microsoft-owned collaborative platform GitHub.
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