Microsoft buys 48-acre land parcel in Hyderabad in a transaction estimated to be worth ₹267 crore

The land parcel that Microsoft has bought is located in Elikatta Village, Hyderabad in Telangana. The sale deed was registered on April 18, documents showed

Published on: May 6, 2024, 17:54:17 IST

By Vandana Ramnani

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Tech giant Microsoft Corporation (India) Pvt Ltd has bought a 48 acre land parcel in Hyderabad for ₹267 crore, documents accessed by Propstack showed.

Tech giant Microsoft has bought an almost 48 acres land parcel in Hyderabad for ₹267 crore (REUTERS/ FILE)

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.

Land aggregator Sai Balaji Developers facilitated the deal, the documents showed.

Responding to a query sent by HT Digital, Microsoft said that it had “no information to share at this time.”

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.

Also Read: More than 101 land deals for approximately 2,989 acres closed in FY-24 across cities, including Ayodhya

ABOUT THE AUTHOR
Vandana Ramnani
Vandana Ramnani leads the real estate vertical at Hindustan Times Digital, bringing over two decades of journalism experience across real estate, education, human resources, and foreign affairs. She specialises in India’s real estate sector, covering residential and commercial markets in Delhi-NCR, Mumbai, and Bengaluru, with in-depth reporting on regulatory developments, urban policy, housing trends, and interviews with industry leaders. Her work has also appeared in the Hindustan Times newspaper and HT Estates. Earlier, Vandana played a key role in establishing the real estate vertical at Moneycontrol (NW18 Group), shaping its editorial direction and market coverage. She has also written extensively on international education for HT Education, tracking global study destinations, policy changes, and student mobility trends, earning the Singapore Education Award 2009 for Best Media Coverage (Print). Her reporting portfolio includes human resources and employment trends for HT ShineJobs and PowerJobs, as well as lifestyle and interior design features for HT Premium Homes. Vandana began her career with the Press Trust of India, gaining strong editorial and reporting expertise. She was also selected for a prestigious fellowship at Fondation Journalistes en Europe in Paris, where she wrote for EuroMag. One of her notable reporting assignments included covering Germany’s capital relocation from Bonn to Berlin. Outside of journalism, Vandana is a passionate traveller, constantly seeking out charming hideaways across India and the lesser-known, offbeat corners of Southeast Asia.Read More

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