DLF to Sell Kolkata SEZ and 17.75 Acres to Srijan Group
Real Estate

DLF to Sell Kolkata SEZ and 17.75 Acres to Srijan Group

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.

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.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code