DLF, one of India’s largest real estate firms has signed an agreement to sell its information technology and information technology-enabled services (IT/ITeS) special economic zone (SEZ) in Kolkata, including a 25.9-acre land parcel, to local developer Srijan Realty and its subsidiaries for Rs 693 crore.

Located in the Rajarhat suburb, the commercial office SEZ - Kolkata Tech Park 2, has a gross leasable area of 1.1 million sq. ft and the transaction is currently subject to regulatory approvals. The proposed transaction is to be undertaken by way of a slump sale.

The deal marks DLF’s continued strategic withdrawal from the Eastern Indian real estate market. This latest sale follows a similar move in November 2024, when a DLF Group subsidiary agreed to sell its 1.4 million sq. ft office property, Kolkata Tech Park 1, also in Rajarhat, to RDB Primarc Techno Park LLP - an affiliate of the Primarc and RDB Group.