NEW DELHI: DLF has entered into a definitive master framework agreement (MFA) with Srijan Realty and its subsidiaries Makalu Builders LLP and Gangapurna Projects LLP for sale of its IT/ITeS SEZ situated in Kolkata for a consideration of ₹693 crore on a slump sale basis.
The sale comprises of freehold land parcel admeasuring ~25.90 acres along with constructed building-DLF Tech Park with a gross leasable area of 10,54,357 sq ft.
“The transaction is made as part of a business strategy to generate revenue, improving cash flow resulting in an increase in shareholders’ value,” the company said in a regulatory filing.
In November 2024, RDB Primarc Techno Park LLP, an affiliate of Primarc & RDB Group, had purchased the business undertaking of DLF Techpark 1 from DLF Infocity Developers (Kolkata), a wholly-owned subsidiary of DLF Cyber City Developers for approximately Rs 638 crore on a slump sale basis.
