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

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?