RERA in Real Estate: What Buyers and Builders Need to Know
2024-12-23 01:51:26
DLF Info City Developers (Kolkata) Ltd, a wholly-owned subsidiary of DLF Ltd, has entered into a definitive agreement to sell and transfer its Kolkata Tech Park 1 to RDB Primarc Techno Park LLP, an affiliate of Primarc and RDB Group, on a slump sale basis for a total consideration of ₹637 crore, the company announced on November 29.
Kolkata Tech Park 1 is one of the largest IT parks in eastern India, with a gross leasable area of approximately 1.49 million sq. ft. The facility is LEED Platinum Certified by the US Green Building Council (USGBC) and serves as a hub for global technology leaders, according to the statement.
“This transaction highlights the value embedded in our core assets, built over the years with quality tenant partnerships and robust asset management. It also underscores our commitment to enhancing shareholder value,” said Sriram Khattar, Vice Chairman and Managing Director of DLF’s Rental Business.
JLL acted as the sole transaction advisor, while Shardul Amarchand Mangaldas & Co and PwC served as DLF's legal and financial advisors, respectively.
2024-12-23 01:51:26
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