Real estate major DLF has entered into an agreement to sell its Kolkata tech park and 25.9 acres of land to Srijan Group for Rs 670 crore.
The transaction, initiated in April 2025, includes the sale of Kolkata Tech Park 1 for Rs 637 crore through DLF Cyber City Developers, the company’s rental arm. The IT/ITeS SEZ property, comprising a constructed building and an 8.15-acre freehold land parcel with a gross leasable area of 10,54,357 sq. ft., was sold for Rs 409.86 crore, according to a regulatory filing.
Additionally, DLF executed an agreement with Gangapurna Projects, part of Srijan Group, to sell 17.75 acres of vacant land for Rs 260 crore, subject to standard adjustments outlined in the definitive documents.