Microsoft Purchase Land in Hinjawadi | SaudaGhar 2024

Microsoft Purchase Land in Hinjawadi | SaudaGhar 2024

15 Sep 2024

 

Microsoft's recent purchase of 16.5 acres of land in Hinjawadi for ₹520 crores, at a rate of ₹32 crores per acre, signals a significant impact on local real estate prices. Previously, Microsoft bought 25 acres in Pimpri-Chinchwad for ₹328 crores. While these high-value purchases will likely push land prices up in the area, the potential development of data centers may not generate substantial employment, thus limiting a broader market impact. Similar land acquisitions in Hyderabad were comparatively cheaper, highlighting Pune’s escalating real estate rates.

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