Indian IT giant Infosys has issued a clarification regarding the sale of a significant land parcel near Bengaluru, stating the property was purchased through the open market and was not provided by any government authority. This statement comes in response to recent media reports about the transaction.
The Core Clarification from Infosys
Last week, a news report claimed that Infosys had sold a 53.5-acre land plot located near India's tech capital, Bengaluru, to prominent real estate developer Puravankara Ltd. The estimated value of this deal was reported to be around Rs 250 crore. Following this report, Infosys moved to set the record straight about the origin of the land.
The company emphasized a critical point: the land in question was not allotted by any government body. Instead, Infosys acquired this asset through a direct market purchase. This distinction is important for corporate transparency and addresses any potential public misperception about the nature of the asset.
Details of the Reported Transaction
The reported sale, which gained attention in the last week of December 2025, involves a substantial piece of real estate. The buyer, Puravankara Ltd, is a well-known name in the Indian real estate development sector. The transaction highlights the ongoing activity and high value of land in the peripheries of major metropolitan hubs like Bengaluru.
While Infosys has clarified the land's acquisition source, the sale itself points to strategic asset management by the IT major. Companies often review their non-core assets, including land holdings, to optimize their resource allocation and balance sheets.
Context and Implications
This clarification from Infosys underscores the importance of accurate reporting in matters of corporate governance and asset management. For a company of Infosys's stature, maintaining clear records and public communication regarding high-value transactions is paramount.
The Bengaluru region continues to be a hotspot for real estate investments, driven by the growth of the IT sector and urban expansion. Deals of this scale between major corporate entities and real estate developers are closely watched as indicators of market confidence and land valuation trends in the area.
By stating that the land was market-bought, Infosys has effectively closed any speculation about preferential treatment or government-linked allotments, presenting the transaction as a straightforward commercial decision.
