DLF to Sell Kolkata Tech Park 1 for Rs 6.37 billion
ECONOMY & POLICY

DLF to Sell Kolkata Tech Park 1 for Rs 6.37 billion

DLF, India's largest real estate company, has announced plans to sell its Kolkata Tech Park 1 to RDB Primarc Techno Park LLP, an affiliate of the Primarc and RDB group, in a slump sale deal valued at Rs 6.37 billion. Kolkata Tech Park 1, among the largest IT parks in eastern India, boasts a gross leasable area of approximately 1.49 million square feet. It is a LEED Platinum Certified building by the US Green Building Council (USGBC) and hosts several global technology firms. “This sale underscores the value inherent in our premium assets, cultivated through strong tenant partnerships and quality asset management. It reaffirms our commitment to enhancing shareholder value,” said Sriram Khattar, Vice Chairman and Managing Director of DLF's Rental Business. Vinod Dugar, Promoter of RDB Group, highlighted the acquisition's focus on sustainability and excellence, reflecting their commitment to Bengal's dynamic economy. In a separate development, Mumbai-based Macrotech Developers has acquired a 100% equity stake in Janus Logistics and Industrial Parks Private Limited (JLIPPL) from Phoenix Logistics and Industrial Parks for nearly Rs 480 million. JLIPPL, which specialises in warehousing and logistics development, has had no business operations or turnover in the past three years. “This acquisition aligns with our strategic focus on calibrated growth in industrial and logistics infrastructure,” said Macrotech Developers. (New Indian Express)

DLF, India's largest real estate company, has announced plans to sell its Kolkata Tech Park 1 to RDB Primarc Techno Park LLP, an affiliate of the Primarc and RDB group, in a slump sale deal valued at Rs 6.37 billion. Kolkata Tech Park 1, among the largest IT parks in eastern India, boasts a gross leasable area of approximately 1.49 million square feet. It is a LEED Platinum Certified building by the US Green Building Council (USGBC) and hosts several global technology firms. “This sale underscores the value inherent in our premium assets, cultivated through strong tenant partnerships and quality asset management. It reaffirms our commitment to enhancing shareholder value,” said Sriram Khattar, Vice Chairman and Managing Director of DLF's Rental Business. Vinod Dugar, Promoter of RDB Group, highlighted the acquisition's focus on sustainability and excellence, reflecting their commitment to Bengal's dynamic economy. In a separate development, Mumbai-based Macrotech Developers has acquired a 100% equity stake in Janus Logistics and Industrial Parks Private Limited (JLIPPL) from Phoenix Logistics and Industrial Parks for nearly Rs 480 million. JLIPPL, which specialises in warehousing and logistics development, has had no business operations or turnover in the past three years. “This acquisition aligns with our strategic focus on calibrated growth in industrial and logistics infrastructure,” said Macrotech Developers. (New Indian Express)

Next Story
Real Estate

Vikas Jain named President of NAREDCO Maharashtra NextGen

Vikas Jain, CEO of Labdhi Lifestyle, has been appointed President of NAREDCO Maharashtra NextGen, succeeding Ridham Gada, who now serves as Vice-Chairman. Jain, a first-generation developer and turnaround specialist, aims to steer the youth wing of NAREDCO Maharashtra through a finance-driven and tech-enabled growth phase. Under his leadership, the association will prioritise project financing, RERA compliance, technology adoption, and future-ready leadership. “It is an honour to lead NAREDCO Maharashtra NextGen. This platform empowers the next generation of real estate leaders,” Jain sai..

Next Story
Infrastructure Energy

TP Solar Crosses 4 GW Solar Output at Tamil Nadu Plant

TP Solar Limited, a wholly owned subsidiary of Tata Power Renewable Energy Limited (TPREL) and the manufacturing division of Tata Power, has announced a major production milestone—crossing 4 GW of solar module output at its advanced facility in Tamil Nadu.As of 31 May 2025, the plant has cumulatively manufactured 4.049 GW of solar modules and 1.441 GW of solar cells. This milestone underscores the company’s growing role in supporting India’s clean energy transition and self-reliance in renewable energy manufacturing.Looking ahead, TP Solar is targeting 3.7 GW of solar cell output and 3.7..

Next Story
Infrastructure Urban

Aayush Art and Bullion Reports 1000 per cent Rise in FY25 Revenue

Aayush Art and Bullion Ltd (BSE: 540718), formerly AKM Creations Ltd, has announced its audited standalone financial results for H2 and the full financial year ending 31 March 2025, showcasing a sharp surge in both revenue and profitability. The company attributes this stellar performance to robust demand across its key verticals and strategic execution initiatives.For FY25, the company reported revenue of Rs 737.7 million, marking a 1,000 per cent year-on-year increase compared to Rs 73.3 million in FY24. Net profit for FY25 stood at Rs 18.1 million, a jump of 696 per cent over the Rs 2.6 mil..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?