DLF Limited has completed transactions totalling Rs 7,102.3 million (mn) on 30 March 2026, involving the transfer of its IT and ITeS Special Economic Zone undertaking and the sale of a vacant land parcel in Kolkata. The built property DLF TechPark II has been transferred to Makalu Builders LLP, an entity within the Srijan Group, following fulfilment of all stipulated conditions. The land parcel of approximately 17.75 acres has been acquired by Gangapurna Projects LLP, another Srijan Group affiliate, under the same agreement framework. The transactions reflect prior negotiations and a structured transfer process between the parties.

The combined consideration for both transactions is approximately Rs 7,102.3 mn and the deals were executed under previously signed agreements, including a Master Framework Agreement, a Business Transfer Agreement and an Agreement to Sell. The company confirmed that all regulatory approvals were obtained and that the transactions closed in accordance with the agreed timelines. The structured approach reflects pre-planned divestment under the group corporate governance framework.

DLF said the disposals form part of an ongoing programme of portfolio rationalisation and capital recycling intended to monetise selected commercial and land assets. The company has effectively exited non-core holdings to unlock capital for reinvestment in its core business segments. Management intends to deploy proceeds selectively across development projects and de-leveraging initiatives. The strategy is designed to concentrate resources on high-value real estate developments and strengthen the balance sheet.

The company had previously disclosed the terms of the agreements and has now confirmed completion following regulatory clearance and satisfaction of all conditions. Market observers see the transactions as consistent with a broader industry trend of asset sales to optimise asset allocation. The completion is expected to provide the company with greater financial flexibility in the near term. DLF will continue to evaluate opportunities to streamline its portfolio and enhance shareholder value.