Microsoft acquires a 48-acre plot in Hyderabad. Here’s how much it paid

Tech giant Microsoft Corporation recently acquired 48 acres of land in Hyderabad in a transaction estimated to be worth around Rs 267 crore.

The acquisition of the property was facilitated through Sai Balaji Developers, a land aggregator situated in Ranga Reddy district, as indicated in the documentation shared by data analytics company Propstack, according to a report in The Economic Times (ET)

The report quoted a source as saying that the company is expanding its data centre operations and intends to establish one of the largest data centres in the area. The source added that the property, situated around 40 km away from Hyderabad’s central hub, commanded a premium price from the company.