4 months ago

DLF agrees to sell Kolkata IT park to local developers for ₹637 crore

Bengaluru: DLF Ltd, the country's largest real estate firm, said on Friday that its subsidiary DLF Info City Developers Ltd has entered into an agreement to sell its commercial office park in Kolkata to local developers Primarc Group and RDB group for ₹637 crore. The 1.4 million sq ft office property—Kolkata Tech Park 1—in suburban Kolkata's Rajarhat area will be sold to RDB Primarc Techno Park LLP, an affiliate of Primarc and RDB Group. The DLF group has a 42 million sq ft operational commercial office portfolio. Chandani said that Kolkata is seeing good momentum in office leasing in 2024, and will touch 1 million sq ft in 2024.

Live Mint
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