Tata Realty & Infrastructure Ltd has signed a ₹1,280 crore green loan facility with DBS Bank India, marking one of the larger sustainability-linked financings in India’s commercial real estate sector.
The funding will support the development of Intellion Park in Gurugram, Haryana, an office campus spanning about 2.1 million sq ft and comprising four towers under Tata Realty’s Intellion brand. DBS Bank India acted as the sole advisor and green loan coordinator for the transaction.
The loan has been availed by a special purpose vehicle responsible for the project and is intended for assets that meet globally recognised green and sustainability standards. Tata Realty said the campus has been designed to integrate high-performance environmental features, including energy-efficient systems, rooftop solar installations, advanced water recycling technology and pedestrian-friendly, vehicle-free spaces. Biophilic design elements have also been incorporated to improve occupant well-being.
The transaction comes as India’s commercial real estate market continues to see strong demand, supported by economic growth, rising institutional investment and increasing emphasis on sustainability from global occupiers and investors.
Santanu Mitra, managing director and country head for corporate banking at DBS Bank India, said the deal highlighted how structured green financing could deliver both commercial and environmental benefits. He added that DBS’s experience in sustainable finance enabled it to support large-scale projects aligned with India’s low-carbon transition.
Sanjay Dutt, chief executive of Tata Realty & Infrastructure, said the facility set a benchmark for green financing in the country’s real estate sector. He noted that the company’s focus remained on developing future-ready commercial assets that support India’s net-zero ambitions and long-term economic growth.
Tata Realty has positioned sustainability at the centre of its office portfolio. Its Intellion Park campus in Chennai previously became India’s first office development to receive IFC EDGE Zero Carbon certification. The company’s wider office portfolio of 9.4 million sq ft across Mumbai, Chennai and Gurugram has also received a five-star GRESB sustainability rating.
DBS, meanwhile, has continued to expand its presence in real estate and sustainable finance, receiving multiple international and domestic industry recognitions in recent years.
