DLF to sell Kolkata IT park for Rs 637 crore
DLF Info City Developers (Kolkata) Ltd., a wholly owned subsidiary of DLF Cyber City Developers Ltd, the rental arm of DLF, has entered into definitive agreement to sell and transfer its Kolkata Tech Park 1 business undertaking to RDB Primarc Techno Park LLP ( An affiliate of Primarc & RDB group), for Rs 637 crore.
“This is reflective of the value embedded in our core assets created over the years with good quality tenant partners and asset management. It also demonstrates our commitment to continuously enhance shareholder value,” said Sriram Khattar, Vice Chairman & MD, DLF Rental Business.
Kolkata Tech Park 1 is one of the largest IT Park in eastern India with gross leasable area of approximately 1.49 million sq ft.
“This transaction strengthens our contribution to Bengal's tech ecosystem, and we will benefit immensely from DLF’s learnings, systems & processes,” said Sidharth Pansari, Managing Director of Primarc Group & President CREDAI Bengal.
DLF is expected to double its rental income in FY26 with company accelerating capex commitments to fuel growth of rental portfolio.
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