Microsoft Acquires Prime Hyderabad Land for INR 181 Crore in Strategic Expansion Move

user Admin
  • 5th Dec 2024
  • 1314
  • 0
Microsoft Acquires Prime Hyderabad Land for INR 181 Crore in Strategic Expansion Move
Never miss any update
Join our WhatsApp Channel

Microsoft Expands Hyderabad Footprint with ₹181 Crore Purchase

Microsoft Corporation (India) has acquired 121,000 square yards of land in the village of Nandigama, Hyderabad, from Natco Pharma for ₹181.25 crore.

The deal was recorded in a sales deed sourced from Propstack, reflecting the tech giant's increasing interest in the region.

Strategic Investment for Data Centre Expansion

Industry sources indicated that the acquisition is part of Microsoft’s broader strategy to expand its data center operations in Hyderabad. The purchase highlights the company's focus on strengthening its infrastructure in India, particularly in regions with growing tech ecosystems.

Natco Pharma Clarifies Operational Impact

Natco Pharma stated that the property sold was not part of its core operational assets and would not impact its ongoing business activities. The transaction did not involve the transfer of any substantial portion of the company's operations or assets, ensuring business continuity.

Hyderabad Emerges as a Data Centre Hub

Hyderabad continues to attract significant investments from global tech firms, with Microsoft’s latest move underscoring the city’s potential as a data center hub. The strategic location and infrastructure in Nandigama add to its appeal for tech giants.

 

ALSO READ :- Iconic American Center in South Mumbai Acquired by HoABL Infraworld for INR 56 Crore

Disclaimer

This article is based on publicly available information and sources close to the matter as of December 2024.


Related Topics / Tags

Admin

Author

Admin

...


Comments

Add Comment

No comments yet.

Add Your Comment

Relevant Blogs

General
Khopoli Real Estate - Growth Drivers of an Emerging Hub

Khopoli is transforming into a real estate destination. Its location, infrastructure, and economic activity create opportunities for buyers and invest

General
Equinox India Secures INR 950 Crore via NCDs to Propel Panvel Realty Projects

Mumbai | Strategic Fundraising for Growth Equinox India Developments (formerly Indiabulls Real Estate) has successfully raised ₹950 crore through n

General
How Industrialization is Shaping Khopoli's Real Estate Market

India's economy is growing and investors are always looking around for a place to put their money. There are such sites attracting interest, for examp