Putrajaya was founded on October 19, 1995 and is located in the middle of the Multimedia Super Corridor (MSC). Putrajaya is the third Federal Territory of Malaysia; the other two being Kuala Lumpur and Labuan.
The land on which Putrajaya now stands was formerly known as Prang Besar, part of the state of Selangor. The Federal government negotiated with the state on the prospect of another Federal Territory and in the mid-1990s, the Federal government paid a substantial amount of money to Selangor for approximately 11 320 acres (46 km²) of land. As a result of this land purchase, Selangor now completely surrounds two Federal Territories within its borders, namely Kuala Lumpur and Putrajaya.
In 2002, a high speed rail link called KLIA Transit was opened, linking Kuala Lumpur and the Kuala Lumpur International Airport in Sepang, Selangor to Putrajaya. Construction of Putrajaya Monorail system is also underway.
Putrajaya sits on a magnificent 4,931 hectares spread. Its Masterplan is designed along an axial tangent which runs from the northeast to southeast taking full advantage of the natural surroundings. Its undulating terrain treats visitors and residents to commanding vistas of the environment. About 40% of Putrajaya is natural. Lush greenery, botanical gardens are spread across the landscape enhanced by large bodies of water and wetlands.