Srijan Group Acquires DLF TechPark II for ₹696 Crore

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Sat, May 02, 12:58 AM IST • 2 min read

In one of the most significant real estate transactions in Kolkata, Srijan Group has acquired DLF TechPark II along with an 18-acre land parcel from DLF Limited for a total consideration of ₹696 crore. The deal marks a major milestone for the city’s rapidly evolving commercial real estate landscape.

The acquisition spans approximately 25.9 acres in New Town Kolkata, one of Kolkata’s most prominent business districts. The transaction includes a fully operational IT/ITeS Special Economic Zone (SEZ), comprising DLF TechPark II, as well as a strategically important vacant land parcel.

The existing TechPark is home to companies such as Tech Mahindra, Ericsson, and BT Group, making it an active commercial hub within the city’s IT corridor.

A key highlight of the deal is the 18-acre vacant land parcel, which was recently denotified from SEZ status by HIDCO. This change removes regulatory restrictions and allows for a wider range of development possibilities, including commercial offices, retail spaces, or mixed-use projects. Industry experts view this as the most valuable component of the acquisition, given its long-term development potential.

According to Srijan Group, the company plans to develop approximately 20 lakh square feet on the vacant land over the next five years. This planned expansion reflects a strong vote of confidence in Kolkata’s growth story and the increasing demand for high-quality commercial spaces in the region.

The deal also follows another major transaction in the same micro-market, where DLF TechPark I was acquired in late 2024, further highlighting the rising investor interest in New Town. With infrastructure improvements, increasing corporate presence, and large-scale developments in the pipeline, New Town continues to solidify its position as a key business and IT hub in Eastern India.

As Kolkata continues to attract significant investments, this acquisition stands as a testament to the city’s growing prominence in India’s commercial real estate sector, paving the way for the next phase of urban and economic development.