MICROSOFT BUYS 48 ACRE LAND PARCEL IN HYDERABAD FOR ₹267 CRORE
Tech giant Microsoft Corporation (India) Pvt Ltd has bought a 48 acre land parcel in Hyderabad for ₹267 crore, documents accessed by Propstack showed.
The sale deed was registered on April 18, the documents showed.
The per acre price for the land parcel, located in Elikatta Village, Farooqnagar Mandal, Ranga Reddy district, Hyderabad in Telangana, works out to be around ₹5.56 crore, the documents showed.
An email has been sent to Microsoft.
According to media reports, in 2022, Microsoft had acquired three land parcels in Hyderabad for around ₹275 cr to establish a data center.
In 2022, Microsoft Corporation (India) had acquired 10.89 lakh sq ft of commercial plot in Pune from Finolex Industries for a consolidated amount of ₹328.84 crore. The commercial plot is located at Pimpri Waghere in Pune and has been acquired through an agreement with Finolex Industries to transfer the lease for ₹328.84 crore, the documents showed. The company had then paid a stamp duty of ₹16.44 crore on the deal, the documents showed.
Also Read: Finolex Industries sells leasehold rights of 25 acres of land in Pune for ₹470 crore
The Noida Authority in 2021 had allotted a plot spanning over 60,000 square metre to Microsoft India (R&D) private limited in sector-145 at a premium of ₹103.66 crore.
Also Read: Noida allots 60k-sqm plot to Microsoft in sector-145
Real estate developers and entities sealed approximately 101 separate land deals in fiscal year 2023-24, cumulatively accounting for nearly 2,989 acres across the country, according to data shared by Anarock.
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2024-05-06T12:27:54Z dg43tfdfdgfd