DLF Sells Kolkata SEZ, Land Parcel to Srijan Group for ₹670 Crore

• Realty major DLF Ltd has agreed to sell its IT/ITeS SEZ undertaking and a vacant land parcel in Kolkata to entities of the Srijan Group for approximately ₹669.86 crore.
• The transaction includes the sale of DLF TechPark II, an SEZ property with 10.54 lakh sq ft leasable area, for ₹409.86 crore.
• A separate agreement involves the sale of 17.75 acres of vacant land in Kolkata to Gangapurna Projects LLP (Srijan Group) for ₹260 crore.
• Completion of both transactions is contingent on regulatory approvals and other conditions precedent, expected within four months from February 3, 2026.
• The Kolkata SEZ business contributed ₹66.88 crore to DLF's turnover in FY25, representing about 1.49% of the company's total turnover.

Why It Matters: DLF divests its Kolkata SEZ and a land parcel to Srijan Group for ₹670 crore, streamlining its portfolio.