DBS Bank India Backs ₹520 Crore Financing for Sustainable Commercial Development in Pune

Pune, August 12, 2026: DBS Bank India has extended a ₹520 crore construction finance facility to a special purpose vehicle (SPV) of K Raheja Corp for the development of a 1.1 million sq. ft. commercial tower in Balewadi, Pune.

The project is LEED Platinum pre-certified and is being developed in line with internationally recognised green building standards, with sustainability considerations incorporated into its construction and planned long-term operations.

Located in Balewadi, one of Pune’s growing commercial districts, the development is expected to add Grade A office space as demand from global capability centres (GCCs) and other businesses continues to support the city’s commercial real estate market.

The financing comes as sustainable construction and energy-efficient buildings gain greater relevance in India’s urban development. Green building certifications such as LEED assess developments across areas including energy efficiency, water use, materials, indoor environmental quality and sustainable site practices.

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 project adds to Pune’s expanding stock of sustainability-focused commercial infrastructure. Its LEED Platinum pre-certification positions the development within the higher tier of green building standards as the city continues to attract technology, services and global business operations.

DBS Bank India was named Best Bank for ESG in India at the Euromoney Awards for Excellence 2026 and received the Best Bank for Sustainable Finance in India award from Global Finance in 2024.