Infosys sells 53.5-acre Anekal land to Puravankara for Rs 250 crore

BENGALURU: Infosys has sold a 53.5-acre land parcel in Anekal Taluk to Bengaluru-based real estate firm Puravankara in a deal valued at Rs 250 crore, sources told TOI.Puravankara’s land acquisition is aligned with the company’s strategy to expand across Bengaluru micro-markets, supported by improved infrastructure, strong connectivity, and sustained end-user demand.An email sent to Infosys on the transaction did not elicit a response till press time.In a stock exchange filing, managing director Ashish Puravankara said the acquisition is part of the company’s ongoing efforts to systematically add quality developable land to its launch pipeline across strategic micro-markets. The move reflects a disciplined, long-term approach to growth and confidence in the fundamentals of these markets to create large, sustainable communities.The land parcel at Attibele Hobli is strategically located and has a saleable area of 6.4 million sq ft, with a potential gross development value (GDV) of over Rs 4,800 crore.Mallanna Salasu, CEO–South, Puravankara, said that before this acquisition, during H1 FY26, the company added a total of 6.3 million sq ft of developable area in Bengaluru and Mumbai, with an estimated GDV of Rs 9,100 crore. The addition of another Rs 4,800 crore brings the potential GDV to Rs 13,900 crore and the developable area to 12.7 million sq ft for the year to date.Salasu added that earlier this year the company advanced its Bengaluru growth plans through strategic acquisitions, including a partnership with KVN Property Holdings LLP for a 24.5-acre parcel at KIADB Hardware Park in North Bengaluru, with a developable area of 3.48 million sq ft and a potential GDV of over Rs 3,300 crore. The company has also entered into a joint development for a 5.5-acre parcel in Balegere, East Bengaluru, offering a developable area of 0.85 million sq ft and a potential GDV of over Rs 1,000 crore.