DBS Bank India announced the extension of a construction finance facility of Rs 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.
