DBIL extends INR 5.2 billion construction finance facility

Facility to support K Raheja Corp’s commercial development comprising approximately 1.1 million sq. ft. of Grade A office space in Balewadi, Pune’s business district

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.

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About DBS

DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world. 

Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named  “World’s Best AI Bank” by Global Finance, “World’s Best Digital Bank” by Euromoney and the winner of multiple digital assets awards. In addition, DBS has been accorded the “Safest Bank in Asia“ award by Global Finance for 17 consecutive years from 2009 to 2025. DBS Bank India was recognised by CRISIL Coalition Greenwich as the Best Bank for Corporate Cash Management in India in 2025 and 2026. The bank was also named Best Bank for ESG in India at the Euromoney Awards for Excellence 2026 and was recognised as the Best Bank in Emerging Tech and AI at the Business Today-KPMG India’s Best Banks Awards 2026.

DBS provides a full range of services in Consumer, Wealth, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. 

DBS Bank has been present in India for more than 30 years, opening its first office in Mumbai in 1994. DBS Bank India Limited is the first among the large foreign banks in India to start operating as a wholly owned, locally incorporated subsidiary of a leading global bank. As a trusted partner, DBS provides a range of banking services for large, medium, and small enterprises and individual consumers in India, focusing on a seamless customer experience that helps them ‘Live more, Bank less’. In November 2020, Lakshmi Vilas Bank was merged with DBS Bank India Limited. DBS Bank India is now present in ~350 locations in 19 Indian states. 

DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by uplifting lives and livelihoods of those in need. It provides essential needs to the underprivileged, and fosters inclusion by equipping the underserved with financial and digital literacy skills. It also nurtures innovative social enterprises that create positive impact. 

With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com

About K Raheja Corp

K Raheja Corp is one of India's leading real estate conglomerates and a success story spanning over four decades, having pioneered the concepts of self-contained townships and branded commercial business districts in the country. Diversified across multiple business verticals and anchored by three publicly listed entities, the group has built deep acumen across every major segment of the industry.

Its commercial real estate business develops fully integrated Grade A business parks and premium independent office assets that serve as workplaces of choice for leading domestic and global enterprises - a part of which is listed as Mindspace Business Parks REIT. K Raheja Corp Homes crafts distinctive residential addresses across the premium, luxury and ultra-luxury segments in cities across India. Chalet Hotels Ltd., the group's listed hospitality arm, owns and operates a portfolio of upper-upscale and luxury hotels under globally recognised brands. In retail, Shoppers Stop Ltd. is a pioneer of organised retail and one of India's foremost premium department store chains, while Inorbit Mall helped shape the country's modern mall culture and continues to run some of its most-loved shopping destinations. The group's power distribution business further supports its commercial ecosystems as a dedicated private-sector provider.

A founding signatory to the CII–Green Building Council and a long-standing proponent of green building in India, K Raheja Corp has sustainability embedded across construction and operations, and remains committed to creating high-quality, future-ready spaces that shape how India lives, works and grows.

For more information, visit www.krahejacorp.com

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