Microsoft pays Rs 267 crore for land in Hyderabad, according to Real Estate News.

Microsoft Corporation reportedly paid almost Rs 267 crore to purchase 48 acres of land in Hyderabad.

The land was bought from the Ranga Reddy district land aggregator Sai Balaji Developers, according to a document released by the data analytics company Propstack.

Microsoft intends to build one of the largest data centers in the area as part of its ambitious aspirations to grow its data center business.

According to someone with knowledge of the transaction, the corporation paid a premium for the land, and the location is roughly forty kilometers from Hyderabad’s major metropolis.

Pune, Mumbai, and Chennai are the three existing Microsoft data center regions in India that have been in operation for the previous five years. Hyderabad is the newest location to join this network.

“Microsoft had also bought two more land parcels in Hyderabad for the data centre business,” he stated.
“We have no information to share at this time,” Microsft stated in answer to a question.

Currently, Microsoft has a 54-acre India Development Center (IDC) in Hyderabad, which is located apart from Bengaluru and Noida. The growth and advancement of Microsoft’s technology products, including Azure, Windows, Office, and Bing, have been greatly aided by the IDC.

In addition, the company has been expanding across the nation for the previous two years in the flexible office space market.