Embassy REIT raises fund from Bajaj Housing Fin to repay loans
Real Estate

Embassy REIT raises fund from Bajaj Housing Fin to repay loans

Embassy Office Parks REIT has secured a Rs 10 billion term loan from Bajaj Housing Finance to primarily repay existing debt. Embassy REIT stated that the proceeds of this debt raise will be used primarily to repay existing construction debt and for general corporate purposes.

Embassy REIT saves money on interest with this refinance thanks to a refinancing spread of 60 basis points (bps), and the long tenor loan helps extend its debt maturity profile.

Amidst a rising interest rate environment, we are pleased to announce this debt raise of Rs 1,000 crore from a marquee NBFC at industry-leading terms.

The entire debt book is now at fixed rates for an average of 18 months, demonstrating active capital management to the benefit of unitholders.

Embassy REIT remains well-positioned to finance its growth, thanks to its access to a growing capital pool that includes banks, mutual funds, insurers, FPIs, and now NBFCs.

Embassy REIT is the first publicly traded Real Estate Investment Trust in India. In Bengaluru, Mumbai, Pune, and the National Capital Region, it owns and operates a 43.6 million sq ft portfolio of eight infrastructure-like office parks and four city-centre office buildings (NCR). Its portfolio includes 34.3 million sq ft of finished operating area.

Also read:
Godrej Properties acquires Raj Kapoor's Mumbai bungalow
Axis-Tishman Speyer's jv raises Rs 4 billion for commercial real estate


Embassy Office Parks REIT has secured a Rs 10 billion term loan from Bajaj Housing Finance to primarily repay existing debt. Embassy REIT stated that the proceeds of this debt raise will be used primarily to repay existing construction debt and for general corporate purposes. Embassy REIT saves money on interest with this refinance thanks to a refinancing spread of 60 basis points (bps), and the long tenor loan helps extend its debt maturity profile. Amidst a rising interest rate environment, we are pleased to announce this debt raise of Rs 1,000 crore from a marquee NBFC at industry-leading terms. The entire debt book is now at fixed rates for an average of 18 months, demonstrating active capital management to the benefit of unitholders. Embassy REIT remains well-positioned to finance its growth, thanks to its access to a growing capital pool that includes banks, mutual funds, insurers, FPIs, and now NBFCs. Embassy REIT is the first publicly traded Real Estate Investment Trust in India. In Bengaluru, Mumbai, Pune, and the National Capital Region, it owns and operates a 43.6 million sq ft portfolio of eight infrastructure-like office parks and four city-centre office buildings (NCR). Its portfolio includes 34.3 million sq ft of finished operating area. Also read: Godrej Properties acquires Raj Kapoor's Mumbai bungalow Axis-Tishman Speyer's jv raises Rs 4 billion for commercial real estate

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to Global Markets

Vedanta Aluminium has expanded its digital e-commerce platform, Vedanta Metal Bazaar, to international markets, enabling overseas customers to order and purchase aluminium products online.The platform will now be available to buyers across Asia, Europe, Africa and the Americas, providing a digital gateway for export transactions with 24x7 access.In FY26, Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 380 billion, and fulfilled more than 23,000 orders. The platform is also used regularly by more than 550 MSMEs in India alongside large OEM customers.The export ..

Next Story
Infrastructure Urban

Ramky Infrastructure Q1 FY27 Revenue Rises 24.3%

Ramky Infrastructure Limited reported a 24.3% year-on-year increase in consolidated revenue from operations to Rs 471.2 crore for Q1 FY27, compared with Rs 3.79 billion in the corresponding quarter of FY26.Standalone revenue from operations rose 27.5% YoY to Rs 4.51 billion from Rs 3.54 billion, while total standalone income increased 35% to Rs 5.32 billion.Consolidated profit before tax stood at Rs 540.9 million during the quarter. The company highlighted a sharp sequential improvement compared with a pre-exceptional loss of Rs 190.1 million in Q4 FY26.Two of the three projects awarded during..

Next Story
Technology

LTTS Launches AgenticIQ AI Platform for Engineering

L&T Technology Services (LTTS) has launched AgenticIQ, an end-to-end agentic AI platform designed for engineering and manufacturing organisations.The platform is aimed at helping enterprises move beyond isolated AI pilots by enabling autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience.AgenticIQ is built on LTTS’ Engineering Intelligence portfolio and converts existing engineering capabilities into specialised, reusable AI agents. Its planning-first architecture is embedded into engineering and production ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement