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DLF sells Kolkata Tech Park 1 for Rs 637-cr as growth strategy

Monday, 02 Dec 2024
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DLF Info City Developers (Kolkata) a subsidiary of DLF Cyber City Developers has signed an agreement to sell Kolkata Tech Park 1 to RDB Primarc Techno Park for Rs 637 crore. Kolkata Tech Park 1, an IT park in eastern India, boasts a gross leasable area of 1.49 million sq. ft. 

The move will contribute to Bengal’s technology ecosystem while benefiting from DLF’s expertise and established systems, along with a focus on sustainable development and operational excellence. This divestment aligns with DLF's broader strategy to double its rental income by FY26 through increased capex commitments aimed at expanding its rental portfolio. 

DLF plans to double its rental income by FY26, reinforcing its commitment to growth. 

Most of these rental assets are managed under DLF Cyber City Developers (DCCDL), a joint venture between DLF and GIC, Singapore's sovereign wealth fund.

 

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