DLF sells Kolkata tech park, land to Srijan Group for ₹670 crore

New Delhi: DLF has executed a business transfer agreement to sell its technology park in Kolkata, along with 25.9 acres of land, for a total of ₹670 crore to Srijan Group. The sale process for this park was initiated in April 2025.

The IT/ITeS SEZ, comprising SEZ property, a constructed building, and a freehold land parcel of 8.15 acres with a gross leasable area of 10,54,357 sq ft, was sold for ₹409.86 crore, DLF said in a regulatory filing on Wednesday.

India's largest property developer also executed a separate pact to sell 17.75 acres of vacant land to Gangapurna Projects LLP, part of Srijan Group, for ₹260 crore, subject to requisite adjustments as agreed in the definitive documents.


DLF Cyber City Developers, the rental arm of DLF, had sold another asset Kolkata Tech Park 1 spread across 1.49 million sq ft to Srijan for ₹637 crore in November 2024.

During Q3FY26, DLF Cyber City Developers posted consolidated revenue of ₹1,878 crore and profit of ₹707 crore. Ebitda rose 18% year-on-year to ₹1,464 crore.

"Our closing vacancy as of 31 December in DCCDL, where about 88-90% of the rental assets are, is now down to about 5-5.5%," said Sriram Khattar, vice chairman and managing director, DLF Cyber City Developers, on an investor call. "However, in terms of value, it is further down to about 3.5%. The income was very robust."

Majority of the company's rental assets are part of DLF Cyber City Developers, a joint venture between DLF and GIC, Singapore's sovereign wealth fund.