DBS Bank India Extends Rs 520 Crore Financing Facility for K Raheja Corp’s Pune Commercial Project
Pune, August 10, 2026: DBS Bank India has extended a construction finance facility of Rs 520 crore to a special purpose vehicle (SPV) of K Raheja Corp. The financing will support the development of a LEED Platinum pre-certified commercial tower spanning approximately 1.1 million square feet in Balewadi, a key business district in Pune. The project is designed to align with globally recognised green building standards, reflecting a focus on environmental sustainability across its construction phase and long-term operations to meet the demand for future-ready office spaces, DBS Bank India said in a press release.
India’s commercial real estate sector continues to demonstrate strong momentum, supported by business expansion, increasing demand from global capability centres (GCCs), and a heightened emphasis on sustainability and operational efficiency. Pune maintains its standing as one of the country’s leading commercial hubs, driven by a robust technology ecosystem, a deep talent pool, and continuous 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.”
The financing transaction reflects DBS Bank India’s strategy to fund high-quality assets that contribute to urban and economic development while adhering to sustainability principles. The institution collaborates with corporate clients to deliver structured financial solutions tailored toward long-term value creation.
DBS Bank India was recently named Best Bank for ESG in India at the Euromoney Awards for Excellence 2026. The bank was also recognized as the Best Bank for Sustainable Finance in India by Global Finance in 2024.
