Kolkata’s ₹670 Crore Tech Shift: DLF to Srijan Group

Real estate major DLF has entered into an agreement to sell its Kolkata tech park along with 25.9 acres of land to the Srijan Group for a total consideration of 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 asset comprises a constructed building and an 8.15-acre freehold land parcel, with a total gross leasable area of 10,54,357 sq ft. According to a regulatory filing, this portion of the transaction was valued at Rs 409.86 crore.

In addition, DLF has executed an agreement with Gangapurna Projects, a Srijan Group entity, for the sale of 17.75 acres of vacant land for Rs 260 crore, subject to customary adjustments as specified in the definitive agreements.

News by Rahul Yelligetti.