DBS Bank India extends INR 520 crore construction finance facility for K Raheja Corp commercial development in Pune

New Delhi, August 10, 2026:  DBS Bank India today announced the extension of a construction finance facility of INR 520 crore to a special purpose vehicle (SPV) of K Raheja Corp for the development of a LEED Platinum pre-certified commercial tower in Balewadi, Pune, spanning approximately 1.1 million square feet.

The development is being built to globally recognised green building standards, reflecting a focus on sustainability across both construction and long-term operations. Located in one of Pune’s fastest-growing business districts, the project is designed to address the growing need for high-quality, future-ready office spaces.

India’s commercial real estate sector continues to witness strong momentum, driven by business expansion, increasing demand from global capability centres, and a growing emphasis on quality, sustainability and operational efficiency. Pune remains one of the country’s leading commercial hubs, supported by a robust technology ecosystem, a strong talent pool and ongoing infrastructure development.

Santanu Mitra, Managing Director & Country Head, Corporate Banking (Large and Midcap), DBS Bank India, said, “As businesses increasingly seek high-quality, environmentally responsible workplaces, demand for future-ready commercial developments continues to grow. We are pleased to partner with K Raheja Corp on this landmark project in Pune, reflecting our commitment to supporting sustainable development through tailored financing solutions and deep sector expertise.”

Vinod Rohira, MD and CEO, K Raheja Corp, said, “Balewadi is fast becoming the epicentre of Pune’s commercial growth story. As GCCs and growth-stage enterprises expand here, they seek cutting-edge ecosystems built to attract top talent and support business growth. That is exactly what this development delivers. For us, sustainability is not a feature we add on; it is integral to how we build. In DBS Bank India, we have found a partner whose commitment to high-quality, sustainable assets mirrors our own.”

This transaction reflects DBS Bank India’s commitment to financing high-quality assets that support India’s urban and economic development while advancing sustainability objectives. DBS works closely with clients to deliver tailored financing solutions that support long-term growth and value creation.

DBS Bank India was named Best Bank for ESG in India at the Euromoney Awards for Excellence 2026. The bank was also awarded Best Bank for Sustainable Finance in India by Global Finance in 2024.

Corporate Comm India (CCI Newswire)