Mohandas Pai Debunks "Cheap Govt Land" Claim in Infosys ₹250 Cr Sale

• Former Infosys CFO Mohandas Pai refuted claims by Karti Chidambaram regarding the sale of Infosys land in Bengaluru.
• Pai clarified the 53.5-acre land was privately purchased at market rates, not government-allotted.
• The land, originally for a campus, was sold to Puravankara for ₹250 crore due to changing business needs.
• Puravankara plans a large residential project with an estimated gross development value of over ₹4,800 crore.
• Infosys stated the sale is part of its asset optimization strategy, adhering to all regulations.

Why It Matters: Mohandas Pai confirms Infosys's ₹250 Cr land sale was private, not government-allotted.