Real estate giant DLF has agreed to sell its Kolkata tech park and 25.9 acres of land to Srijan Group for Rs 670 crore.
The deal was initiated in April 2025 and was followed by the sale of Kolkata Tech Park 1 for Rs 637 crore by DLF Cyber City Developers Ltd, the rental arm of DLF.
The IT/ITeS SEZ comprising of SEZ property constructed building along with freehold land parcel of 8.15 acres, situated in Kolkata with a gross leasable area of 10,54,357 square feet has been sold for a consideration of Rs 409.86, as per the regulatory filing by the company.
It has also executed an agreement to sell (with Gangapurna Projects LLP, part of Srijan Group) 17.75 acres of vacant land for an agreed consideration of Rs 260 crore, subject to requisite adjustments as agreed in the definitive documents.
During Q3FY26 consolidated revenue of DLF Cyber City Developers Limited (DCCDL) stood at Rs 1,878 crore while EBITDA stood at Rs 1,464 crore, reflecting a y-o-y growth of 18%.
Consolidated profit for the quarter stood at Rs 707 crore.
“The rental business continues to perform well. The take-up from GCCs and international companies, especially in the BFSI and technology sectors, was very strong. Our closing vacancy as of 31st December in DCCDL, where about 88-90% of the rental assets are, is now down to about 5-5.5%. However, in terms of value, it is further down to about 3.5%. The income was very robust,” said Sriram Khattar, Vice Chairman and Managing Director, DLF Cyber City Developers during the investors call.
Majority of the company’s rental asset is part of DLF Cyber City Developers Limited (DCCDL), a joint venture between DLF and GIC, a sovereign wealth fund from Singapore.
The deal was initiated in April 2025 and was followed by the sale of Kolkata Tech Park 1 for Rs 637 crore by DLF Cyber City Developers Ltd, the rental arm of DLF.
The IT/ITeS SEZ comprising of SEZ property constructed building along with freehold land parcel of 8.15 acres, situated in Kolkata with a gross leasable area of 10,54,357 square feet has been sold for a consideration of Rs 409.86, as per the regulatory filing by the company.
It has also executed an agreement to sell (with Gangapurna Projects LLP, part of Srijan Group) 17.75 acres of vacant land for an agreed consideration of Rs 260 crore, subject to requisite adjustments as agreed in the definitive documents.
During Q3FY26 consolidated revenue of DLF Cyber City Developers Limited (DCCDL) stood at Rs 1,878 crore while EBITDA stood at Rs 1,464 crore, reflecting a y-o-y growth of 18%.
Consolidated profit for the quarter stood at Rs 707 crore.
“The rental business continues to perform well. The take-up from GCCs and international companies, especially in the BFSI and technology sectors, was very strong. Our closing vacancy as of 31st December in DCCDL, where about 88-90% of the rental assets are, is now down to about 5-5.5%. However, in terms of value, it is further down to about 3.5%. The income was very robust,” said Sriram Khattar, Vice Chairman and Managing Director, DLF Cyber City Developers during the investors call.
Majority of the company’s rental asset is part of DLF Cyber City Developers Limited (DCCDL), a joint venture between DLF and GIC, a sovereign wealth fund from Singapore.
