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DLF’s arm to sell Kolkata IT Park Business to Primarc & RDB Group

30 Nov 2024 Evaluate

DLF’s subsidiary-- DLF Info City Developers (Kolkata) has entered into definitive agreement to sell and transfer its Kolkata Tech Park 1 business undertaking to RDB Primarc Techno Park LLP (An affiliate of Primarc & RDB group), on a slump sale basis for an aggregate consideration of approximately Rs 637 crore. DLF Info City Developers (Kolkata) is a wholly owned subsidiary of DLF Cyber City Developers (DCCDL). DCCDL is a joint venture firm between DLF and Singapore sovereign wealth fund GIC.

Kolkata Tech Park 1 is one of the largest IT Park in eastern India with gross leasable area of approximately 1.49 mln. sqft. It is LEED Platinum Certified building from USGBC and home to global technology leaders. 

DLF is one of India's biggest property developers. The company’s primary business is development of residential, commercial and retail properties. The company has a unique business model with earnings arising from development and rentals.


DLF Share Price

595.85 -5.95 (-0.99%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 855.85
Dilip Buildcon 450.15
DLF 595.85
Oberoi Realty 1695.70
Ahluwalia Contract(I 833.35
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