DLF Sells Kolkata Tech Park to Srijan Realty in ₹693 Crore Slump Sale

DLF, one of India’s largest real estate companies, has signed an agreement to sell its IT/ITeS Special Economic Zone (SEZ) in Kolkata's Rajarhat suburb to local developer Srijan Realty and its subsidiaries for ₹693 crore. The transaction, structured as a slump sale, includes a 25.9-acre land parcel and the Kolkata Tech Park 2 property, which offers 1.1 million sq. ft of gross leasable area.

Subject to regulatory approvals, this deal marks DLF’s complete exit from the eastern Indian real estate market. It follows a similar transaction in November 2024, when a DLF subsidiary sold the 1.4 million sq. ft Kolkata Tech Park 1 to RDB Primarc Techno Park LLP.

News by Rahul Yelligetti.