DLF Ltd has agreed to sell a Kolkata information technology and information technology-enabled services special economic zone (IT/ITeS SEZ) and about 17.75 acres of adjoining land to Srijan Group for about Rs 6.7 billion (bn). The transaction value reflects the developer's strategy to monetise non-core commercial assets and bolster liquidity. The parties stated that the sale will transfer operational control and associated rights to Srijan.

The asset comprises an operational IT/ITeS SEZ with supporting infrastructure and the adjacent land parcel, which is expected to strengthen Srijan's development pipeline in the city. DLF has been repositioning its portfolio towards residential and integrated projects while selectively divesting commercial holdings. Srijan aims to integrate the site into its existing assets and pursue further development opportunities. The existing tenant mix and infrastructure could provide immediate cash flow, supporting phased redevelopment where required.

The consideration converts to Rs 6.7 bn and follows recent market activity in regional office assets. The transaction is subject to customary regulatory approvals and closing conditions before completion. Market observers noted that such deals indicate sustained investor appetite for established IT assets in Kolkata. Previous transactions in the region have shown that established IT campuses retain demand from occupiers seeking ready infrastructure and scalable space.

The divestment is likely to release capital that DLF may deploy into core segments, and it gives Srijan ownership of a significant IT campus and landbank. Both companies will coordinate with local authorities and tenants to ensure continuity of operations during the handover. No detailed timeline for completion or specific payment terms were disclosed. Stakeholders will monitor leasing and occupancy trends to assess the wider impact on office yields in the city.