Microsoft Corp Acquires 25-Acre Land in Pimpri-Waghere for Data Centre
The US-based software giant Microsoft Corporation intends to build a large hyperscale data centre in Pune as part of its multi-city data centre strategy for India. Tech giant Microsoft has acquired a 25-acre commercial plot to set up a hyper-scale data centre in Maharashtra’s Pune. The tech company has acquired the commercial plot from Finolex Industries. The plot in Pune’s Pimpri-Waghere neighbourhood has been purchased for close to Rs 329 crore. The Pune-based firm has transferred its leasehold rights of this particular plot to Microsoft Corporation for the next 37 years, until August 2059. The property has the potential to develop a hyper-scale cloud capacity data centre with a built-out capacity of 100 MW. Microsoft had reportedly paid a stamp duty of Rs 16.44 crore on the transaction. The multi-nation company has also not revealed the total investment it will be making at the data centre. Microsoft is also working on data centres in Hyderabad and has already signed a pact with the Telangana government.
Tags : US software giant Microsoft Corporation data centre Pune Pimpri-Waghere