Microsoft Soon To Launch Tech Hub In Noida
Microsoft India has bought 60,000 square metres of land costing Rs 104 crore to set up a world-class technology hub. Microsoft soon to launch tech hub in Noida. This will result to attract more software companies to Noida and the Microsoft facility will be used as an information technology (IT) and information technology-enabled service (ITeS) facility.
According to the sources, the investment by Microsoft would increase employment opportunities. Moreover, the National Capital Region (NCR) and attracts more IT companies to invest in the area.
The land premium is Rs 104 crore of which 40 per cent is to be paid within a month to execute a sale deed and the remaining 60 per cent in eight six monthly instalments within four years, they said.
The project is estimated to complete in the next ...