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Tata Realty Secures Rs 1,280 Cr Green Loan for Gurugram Project

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 Secures Rs 1,280 Cr Green Loan for Gurugram Project

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.

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