Microsoft buys land in Hyderabad for Rs 267 cr to build data centre

Microsoft has acquired 48 acres of land in Hyderabad for a deal worth around '267 crore. The property, located about forty kilometers from Hyderabad, is part of Microsoft's plans to expand its data centre business. The acquisition adds to its existing network of three data centre regions in India, Pune, Mumbai, and Chennai. Microsoft currently operates an India Development Centre (IDC) in Hyderabad, which has been instrumental in the development of its technological offerings.