Karnataka revenue minister Krishna Byre Gowda said the government is probing the sale of a 53.5-acre land parcel by Infosys in Anekal Taluk to real estate developer Puravankara, in a transaction estimated at around ₹250 crore.
Speaking to reporters, the minister said any further action would be based on the findings of the inquiry.
The development follows complaints and allegations concerning the sale and valuation of the land, including claims that the parcel may have been acquired under preferential terms and sold below prevailing market rates.
Infosys has disputed these claims, stating that the land was purchased at market value, was not allotted by the government, and that the divestment was carried out in compliance with internal policies, external approvals, and regulatory requirements.
Gowda’s office confirmed to AIM that an inquiry is underway and said that certain registration officials have been suspended, pending investigation.
While announcing the purchase in December last year, Puravankara, in a statement, said the acquisition aligns with its strategy to expand across Bengaluru micro-markets, supported by improved infrastructure, connectivity, and sustained end-user demand.
The real estate developer said the land parcel at Attibele Hobli in Bengaluru Urban district has a saleable area of 6.4 million square feet and a potential gross development value of over ₹4,800 crore.
Mallanna Sasalu, CEO – South, Puravankara Limited, said, “Before this acquisition, during H1 FY26, we added a total of 6.36 million sqft of developable area in Bengaluru and Mumbai, with an estimated gross development value of ₹9,100 crore. The addition of another ₹4,800 crore brings the potential GDV (gross development value) to ₹13,900 crore and the developable area to 12.76 msft for the year to date.”
Reacting to the issue, Congress MP Karti P Chidambaram had said on X that land given at a concession for a specific purpose should not be sold commercially if that purpose was not fulfilled.
Venture capitalist Mohandas Pai, also responding on X, countered that the land was not government-allotted and had been purchased from the market.
The post Karnataka govt orders probe into Infosys land sale to Puravankara appeared first on Analytics India Magazine.