Summary
Microsoft Corporation (India) Pvt Ltd has acquired a 48-acre land parcel in Elikatta Village, Hyderabad, for ₹267 crore, as revealed by documents accessed by Propstack. The purchase, registered on April 18, reflects Microsoft’s strategic expansion plans in the region. While Microsoft has not provided further details, media reports suggest previous land acquisitions in Hyderabad for data center establishment. Additionally, the company has made significant real estate investments in Pune and Noida. This acquisition aligns with a broader trend in the real estate sector, with approximately 101 land deals sealed in the fiscal year 2023-24, totaling nearly 2,989 acres nationwide.
Microsoft Expands Presence in Hyderabad with Land Purchase
Land Acquisition Details
Microsoft Corporation (India) Pvt Ltd has made a significant investment in Hyderabad, acquiring a 48-acre land parcel in Elikatta Village, Telangana, for a whopping ₹267 crore. The sale deed for this transaction was officially registered on April 18, as per documents accessed by Propstack.
Strategic Location and Price Analysis
Situated in Elikatta Village, Farooqnagar Mandal, Ranga Reddy district, this prime land comes at a per-acre price of approximately ₹5.56 crore. The acquisition, facilitated by land aggregator Sai Balaji Developers, underscores Microsoft’s strategic expansion plans in the region.
Microsoft’s Response and Previous Investments
When approached for comment, Microsoft responded, stating that they had “no information to share at this time.” However, media reports suggest that this move aligns with Microsoft’s previous acquisitions in Hyderabad. In 2022, the tech giant had acquired three land parcels in the city to establish a data center.
Nationwide Investments
Microsoft’s real estate investments aren’t limited to Hyderabad. In 2022, the company acquired a commercial plot in Pune spanning 10.89 lakh sq ft from Finolex Industries for ₹328.84 crore. Additionally, the Noida Authority allotted a plot of over 60,000 square meters to Microsoft India (R&D) private limited in sector-145, indicating the company’s widespread expansion plans.
Industry Insights
This acquisition is part of a broader trend in the real estate sector, with approximately 101 separate land deals sealed in the fiscal year 2023-24, totaling nearly 2,989 acres across the country. Microsoft’s latest move reflects the tech industry’s growing presence and investment in India’s real estate landscape.
As Microsoft continues to expand its footprint across India, this latest land acquisition marks another milestone in the company’s growth trajectory, signaling confidence in the region’s potential and future prospects.
