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Microsoft Corporation recently acquired 48 acres of land in Hyderabad for a deal valued at approximately Rs 267 crore.

The property was purchased from the land aggregator, Sai Balaji Developers, located in Ranga Reddy district, as per the document shared by Propstack, a data analytics firm.

"Microsoft has big plans to expand its data centre business and will be developing one of the biggest data centres in the region. The property is located about forty kilometers from the main city of Hyderabad, and the company paid a premium on the land," said a person aware of the deal

Microsoft's Hyderabad data centre region is an addition to its existing network of three regions in India - Pune, Mumbai, and Chennai - which have been operational for the past five years.

"Microsoft had also acquired two more land parcels in Hyderabad for the data centre business," he said.

In a response to an query, Microsoft said "We have no information to share at this time."

Microsoft currently operates an India Development Centre (IDC) out of Hyderabad spread over 54-acre apart from Bengaluru and Noida. The IDC has played a pivotal role in the development and progression of Microsoft's technological offerings, such as Azure, Windows, Office, and Bing.

Separately, over the past two years, the organisation has been increasing its presence in the flexible office space segment throughout the country