Infosys seems to be on a land buying spree – which has led our “social activists” who get bored doing nothing to come out and start questioning their land buying – calling it “land grabbing”! Infosys, it seems already has 4000 acres of land across the country… and now it buy be going for a huge parcels in future.
How many acres of land does Infosys own?
The company declined to reveal the figure, saying it is “in the silent period before the quarter results.”
But rough estimates — provided by sources at Bangalore-based builder Sobha Developers, the real development firm that is in charge of executing Infosys campuses — indicates that the company owns around 4,000 acres of land across India, where it has built, and is continuing to build, huge campuses.
“Is Infosys a real estate company or an IT firm? I fail to understand why they are greedy for land,” says agitated social activist K Krishna Raghav, who supported an agitation by farmers who protested against the Karnataka government’s decision to give land to Infosys reportedly at a throwaway price in Bellandur, a village on the outskirts of Bangalore.
“Why does Infosys need lots of land? Why do they need a golf course at their campus when people do not have living space in Bangalore?” asks Raghav.
It seems that they are going to go for a lot more!
Infosys officials say
the company is acquiring so much land because it is strapped for space.
The company these days is building an additional space of 31,76,400
square feet at various development centres across India.
Wow!! Thats a huge amounts of land!! Wonder if Infosys is making a smart investment or just buying on hype?