Real Estate Transactions

DLF to sell Kolkata IT park to Primarc & RDB Group for Rs.637-Cr

Economic Times  

DLF Info City Developers (Kolkata) Ltd (DCCDL), a wholly-owned subsidiary of DLF Cyber City Developers Ltd, the rental arm of publicly listed DLF, is to sell its Kolkata Tech Park 1 business undertaking to RDB Primarc Techno Park LLP, an affiliate of Primarc & RDB Group, for INR 637 crore.Kolkata Tech Park 1 has a gross leasable area of approximately 1.49 million sq ft.DCCDL is a joint venture between DLF and GIC, the sovereign wealth fund of Singapore.

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