Tata Realty and Infrastructure has raised a Rs 1,280-crore green loan from DBS Bank India to finance its sustainable commercial development, Intellion Park, in Gurugram.
The loan, secured through a special purpose vehicle, will support the Grade A office campus that spans 2.1 million sq ft. The funds will be directed towards certified green assets that adhere to global sustainability standards. The bank's focus is on financing projects with strong sustainability credentials, having supported several innovative developments across India.
Tata Realty's CEO, Sanjay Dutt, highlighted the loan as a testament to the Tata Group's commitment to environmental and social responsibility, noting the strong growth in India’s commercial real-estate market and global capability centres. The company’s commercial portfolio spans 19.6 million sq ft, including 9.4 million sq. ft. of operational office space and 10.2 million sq. ft. under development.