Tata Realty and Infrastructure Ltd has secured a Rs 1,280 crore loan from DBS Bank India for a sustainable commercial development in Gurugram, a statement said, and furthermore, the deal strengthens the company’s focus on green real estate.
DBS Bank India acted as the sole advisor and green loan coordinator for the transaction, and the bank structured the financing to support projects that offer clear environmental benefits. Tata Realty’s special purpose vehicle (SPV) has taken the loan facility, developed the commercial project ‘Intellion Park’ in Gurugram, and built this Grade A office campus with 2.1 million sq ft of office space.
The company deploys the funds toward certified green assets that meet globally recognized sustainability standards, and moreover, this move reinforces its commitment to eco-friendly construction.
Santanu Mitra, Head of Large Corporate Banking at DBS Bank India, said, “Real estate and infrastructure is a key focus for DBS Bank India, and we have supported several innovative, sustainable projects being developed across the country.”
Sanjay Dutt, CEO of Tata Realty & Infrastructure Ltd., said the loan facility highlights the Tata Group’s legacy of social and environmental responsibility and arrives at a time when India’s commercial real estate market and the GCC ecosystem continue to expand.
Tata Realty and Infrastructure Ltd, a wholly owned subsidiary of Tata Sons, holds a 19.6 million sq ft commercial portfolio under the Intellion brand, and the portfolio includes 9.4 million sq ft of operational Grade A office spaces along with 10.2 million sq ft under development. Additionally, Tata Realty’s residential arm, Tata Housing, manages more than 34 projects across major Indian cities and the Maldives, and it continues to add new developments to its pipeline.
