Pune: K Raheja Corp has secured a construction finance facility of ₹520 crore from DBS Bank India for the development of a LEED Platinum pre-certified commercial tower in Balewadi, Pune.
The project, being developed through a special purpose vehicle (SPV) of K Raheja Corp, will span approximately 1.1 million square feet of Grade A office space.
The financing facility will support the development of the commercial project in Balewadi, one of Pune’s rapidly growing business districts.
The development is being built in accordance with globally recognised green building standards, with sustainability incorporated into both its construction and long-term operations.
The project by K Raheja Corp is designed to address the increasing demand for high-quality and future-ready office spaces in Pune.
The approximately 1.1 million sq. ft. development will offer Grade A commercial space in a business district that has emerged as a growing destination for enterprises.
K Raheja Corp Development to Span 1.1 Million Sq. Ft.
The K Raheja Corp project is located in Balewadi, which is witnessing increasing commercial activity and business expansion.
The development has received LEED Platinum pre-certification and is being constructed with a focus on sustainability and operational efficiency.
India’s commercial real estate sector continues to witness strong momentum, supported by business expansion, increasing demand from global capability centres (GCCs), and a growing emphasis on quality, sustainability and operational efficiency.
Pune remains one of India’s leading commercial hubs, supported by its technology ecosystem, strong talent pool and ongoing infrastructure development.
The Balewadi development by K Raheja Corp is positioned within this expanding commercial landscape.
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DBS Bank India Extends INR 520 Crore Facility
DBS Bank India announced the extension of the INR 520 crore construction finance facility to an SPV of K Raheja Corp for the development of the LEED Platinum pre-certified commercial tower.
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.”
The financing marks DBS Bank India’s partnership with K Raheja Corp for the Pune commercial development and supports the development of a sustainable Grade A office asset.
K Raheja Corp Highlights Balewadi’s Commercial Growth
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.”
According to K Raheja Corp, the development is focused on creating an ecosystem that supports businesses, attracts talent and addresses the evolving requirements of GCCs and growth-stage enterprises.
The company has also highlighted sustainability as an integral part of its approach to the development, rather than an additional feature. The LEED Platinum pre-certification reflects the project’s focus on globally recognised green building standards.
DBS Bank India’s Sustainable Finance Focus
The transaction involving K Raheja Corp reflects DBS Bank India’s focus on financing high-quality assets that support India’s urban and economic development while advancing sustainability objectives.
DBS Bank India works with clients to provide tailored financing solutions designed to support long-term growth and value creation.
The bank said the facility for the K Raheja Corp development reflects its commitment to sustainable development through financing solutions and sector expertise.
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.
The INR 520 crore construction finance facility will support K Raheja Corp’s approximately 1.1 million sq. ft. LEED Platinum pre-certified commercial development in Balewadi, Pune, adding Grade A office space to one of the city’s growing business districts.
