DLF Cyber City Developers Ltd (DCCDL), a joint venture between DLF Ltd and Singapore’s GIC, has announced the sale of its Kolkata Tech Park 1 to RDB Primarc Techno Park LLP for Rs 637 crore. The agreement, executed on a slump-sale basis, reflects the intrinsic value of DLF’s strategically built assets. Kolkata Tech Park 1, with a gross leasable area of 1.49 million sq. ft., is one of the largest IT parks in eastern India, hosting global technology leaders and boosting the region’s tech landscape.
Sriram Khattar, Vice-Chairman and MD of DLF’s Rental Business, emphasised that the transaction underscores the company’s commitment to shareholder value and highlights the quality of assets created over the years. The sale represents a strategic realignment of DLF’s portfolio, allowing it to unlock capital and focus on other growth opportunities. In a region where modern IT infrastructure is in high demand, the deal also marks a step forward in bolstering Bengal’s tech ecosystem, with Primarc and RDB groups assuming stewardship.
Sustainability is a key focus of the new owners. Vinod Dugar, Promoter of RDB Group, stated that this acquisition represents their dedication to Bengal’s dynamic economy, focusing on projects that prioritise excellence and environmental responsibility. Sidharth Pansari, MD of Primarc Group, highlighted the learning and operational benefits that will come from DLF’s systems, further enhancing their contribution to the state’s tech sector.
This transaction brings into perspective the role of IT parks in urban economic development. Modern infrastructure such as Kolkata Tech Park not only boosts employment but also enhances the city’s stature in attracting global technology giants. For a growing urban hub like Kolkata, investments in such projects are integral to achieving sustainable growth while addressing civic infrastructure needs.
