Home / Business and Economy / Tata Realty Secures Rs 1,280 Cr Green Loan for Gurugram Project
Tata Realty Secures Rs 1,280 Cr Green Loan for Gurugram Project
27 Nov
Summary
- Tata Realty obtained a Rs 1,280 crore green loan from DBS Bank.
- The loan funds the development of the sustainable Intellion Park in Gurugram.
- Intellion Park will feature advanced green building standards and energy efficiency.
Tata Realty & Infrastructure, through a special purpose vehicle, has finalized a Rs 1,280 crore green loan facility with DBS Bank India. This substantial financial backing is earmarked for the development of Intellion Park, a prime commercial real estate project situated in Gurugram. The Intellion Park is set to be a 2.1 million-square-foot campus integrating state-of-the-art sustainable design principles.
The project boasts high-performance green building standards, incorporating energy-efficient systems, rooftop solar power generation, and advanced water recycling technologies. Furthermore, it will feature biophilic design elements and a pedestrian-friendly, vehicle-free podium, emphasizing a commitment to environmental responsibility and occupant well-being. DBS Bank highlighted its role as a trusted partner in this milestone transaction.
With an existing office portfolio of 9.4 million square feet across major Indian cities and a five-star GRESB rating, Tata Realty is committed to advancing India's net-zero objectives through sustainable commercial developments. This green financing marks a significant step in responsible growth for the country's rapidly expanding commercial real estate sector and its growing GCC ecosystem.
