DLF Limited has agreed to sell its Kolkata IT/ITES SEZ tech park to Srijan Group for ₹693 crore through a slump sale.
1 year ago
DLF sells second Kolkata tech park to Srijan Realty for ₹693 crore to boost cash flow and enhance shareholder value as part of its asset monetization strategy.
As part of its strategy to boost revenue and improve cash flow, enhancing shareholder value. The deal, confirmed on April 16, 2025, involves a 25.90-acre freehold land parcel and a 10.54 lakh sq ft leasable area under the DLF Tech Park. The transaction will be executed via a Business Transfer Agreement or conveyance deed with Srijan Realty Pvt Ltd and its subsidiaries. This marks DLF’s second tech park sale in Kolkata, following the ₹637 crore slump sale of Tech Park 1 to RDB Primarc Techno Park LLP in November 2024.
