In a significant real estate transaction, IT giant Infosys has divested a substantial land holding in Bengaluru to prominent developer Puravankara Limited. The deal, valued at approximately Rs 250 crore, involves a 53.5-acre plot located in the Anekal Taluk area.
Strategic Acquisition for Expansion
This acquisition is a key part of Puravankara's strategic plan to strengthen its presence across key micro-markets in Bengaluru. The company cited improved infrastructure, robust connectivity, and consistent end-user demand as drivers for this expansion. In an official stock exchange filing, Managing Director Ashish Puravankara stated that the move reflects a disciplined, long-term growth strategy and confidence in the market fundamentals to build large, sustainable communities.
The company did not receive a response from Infosys regarding the transaction details prior to publication.
Details of the Land and Development Potential
The acquired land parcel is situated in Attibele Hobli and is considered a strategically located asset. It boasts a significant saleable area of 6.4 million square feet. Puravankara estimates the Gross Development Value (GDV) of projects on this land to exceed a staggering Rs 4,800 crore.
Boosting the Development Pipeline
Mallanna Salasu, CEO–South for Puravankara, provided context on the company's aggressive growth. He revealed that prior to this deal, in the first half of the financial year 2025-26 (H1 FY26), the company had already added 6.3 million sq ft of developable area in Bengaluru and Mumbai, with an estimated GDV of Rs 9,100 crore.
With the addition of the new Infosys land, the total potential GDV for the year-to-date jumps to approximately Rs 13,900 crore. The cumulative developable area now stands at an impressive 12.7 million square feet.
Sarasu also highlighted other strategic moves made earlier this year to accelerate the company's Bengaluru plans:
- A partnership with KVN Property Holdings LLP for a 24.5-acre parcel at KIADB Hardware Park in North Bengaluru. This offers a developable area of 3.48 million sq ft and a potential GDV over Rs 3,300 crore.
- A joint development agreement for a 5.5-acre site in Balegere, East Bengaluru, with 0.85 million sq ft of developable area and a potential GDV exceeding Rs 1,000 crore.
This series of acquisitions underscores a major consolidation and growth phase for Puravankara in the competitive Bengaluru real estate market, leveraging large-scale land banks from corporate sellers like Infosys.
