Developer DLF has agreed to sell a Kolkata information technology and information technology enabled services special economic zone and approximately 17.75 acres of adjoining land to Srijan Group for about Rs six point seven billion (bn).

The transaction price follows ongoing negotiations between the parties and reflects a strategic divestment of the asset from DLF's portfolio. The asset comprises an operational IT/ITeS SEZ located in an established commercial corridor of the city.

The sale is structured to transfer the SEZ and the adjacent land parcel in a single agreement and is intended to facilitate continued commercial use of the site under new ownership. Srijan Group will take control of development and leasing responsibilities once statutory clearances are obtained.

The transfer is expected to preserve existing tenancy arrangements and support technology occupiers in the local market. The buyer is expected to invest in upkeep and leasing to maintain the site's competitiveness.

The deal aligns with a broader industry trend of developers monetising non-core holdings to strengthen liquidity and prioritise portfolio capital for core residential and commercial projects. Transactions of this nature typically accelerate project funding and can reduce leverage for the seller.

The parties have indicated that completion remains subject to customary corporate and regulatory approvals and the satisfaction of agreed conditions precedent. Timelines for closing will depend on receipt of those approvals and customary statutory formalities.