Tata Realty Gets Rs 1,280 Cr Green Loan from DBS Bank

Tata Realty and Infrastructure Ltd has raised a Rs 1,280 crore green loan from DBS Bank India for its sustainable commercial project in Gurugram, marking a fresh boost to India’s evolving green real-estate landscape.

As demand for environmentally-friendly workplaces continues to increase, the green loan will help to support Tata Realty in its development of Intellion Park, a Grade A office campus that meets international sustainability regulations.

As the sole advisor and coordinator for the green loan, DBS Bank India has demonstrated its commitment to financing real estate and infrastructure.

The loan will be provided through a Special Purpose Vehicle (SPV) that was established by Tata Realty for the Intellion Park project, which consists of 2.1 million square feet of laboratory space and is currently under construction. The funds will be used to finance certified green projects that meet or exceed international standards for energy efficiency and environmental performance.

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Santanu Mitra, Head of Large Corporate Banking, 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 reflects the Tata Group's legacy of social and environmental responsibility and comes at a time when India's commercial real-estate sector and GCC ecosystem are rapidly expanding.

Tata Realty, as a wholly owned subsidiary of Tata Sons, manages 19.6 million sq ft of commercial space under the Intellion brand; it currently has 9.4 million sq ft of this space operating as Grade A space, while the remaining 10.2 million sq ft is under construction. Tata Housing, Tata Realty's residential arm, is also expanding with 34 residential projects across key cities and the Maldives.