Microsoft has acquired a 48-acre parcel of land in Hyderabad, expanding its presence in India's growing cloud market. Microsoft has committed to strengthening the data center infrastructure of India with this strategic land acquisition, which is valued at around Rs267 crore.
Propstack is a firm that analyzes real estate information. According to public records, the land transaction was completed on the 18th of April. The property is located in Elikatta Village within Farooqnagar Mandal of the Ranga Reddy District, Hyderabad, Telangana. The price per acre is Rs 5.56 crore. This shows the value Microsoft places on this location.
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Sai Balaji Developers, a land aggregator, played an important role in the facilitation of this transaction. Microsoft has yet to comment officially on the specifics of this acquisition. However, experts in the industry believe that Microsoft's intention is to build a large data center facility on newly purchased land.
Microsoft has been active in land purchases throughout 2022. This is the latest news. The company purchased three land parcels for Rs275 crore in Hyderabad last year. This further strengthened its ambitions to build a data center in this region.
Microsoft has expanded beyond Hyderabad. Finolex Industries sold Microsoft a large commercial plot in Pimpri Waghere (Pune) that measures 10.89 lakh square feet. The company acquired this property from Finolex Industries in 2022. Microsoft has a multi-pronged strategy to strengthen its cloud infrastructure in key Indian cities. This Rs328.84 billion strategic acquisition is a good example of this.
Microsoft wants to meet the growing demand from businesses and consumers for cloud services by expanding its footprint in India. Microsoft's strategic investment will allow it to be a leader in India's journey towards digital transformation.
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