+
Tata Realty Secures Rs 8.25 Bn from IFC to Refinance Chennai IT Park
Real Estate

Tata Realty Secures Rs 8.25 Bn from IFC to Refinance Chennai IT Park

Tata Realty and Infrastructure Limited (TRIL) has secured a substantial loan of Rs 8.25 billion from the International Finance Corporation (IFC) to refinance an IT park project in Chennai. This financing aims to support TRIL's ongoing efforts in developing and enhancing infrastructure projects, particularly in the commercial real estate sector.

The loan from IFC, under its Sustainable Development Bond program, will be utilised to refinance existing debt and further develop the IT park, ensuring sustainability and promoting green building initiatives. The IT park is strategically located in Chennai, a key hub for IT and commercial activities, catering to the growing demand for modern office spaces.

TRIL, a subsidiary of Tata Sons Private Limited, has a strong track record in developing sustainable and environmentally responsible projects across India. The refinancing initiative underscores TRIL's commitment to enhancing infrastructure quality and promoting economic growth through innovative financing solutions.

IFC's support not only reinforces TRIL's financial stability but also aligns with global standards for sustainable development and responsible investing in the real estate sector. The refinancing will enable TRIL to optimise project costs, improve operational efficiencies, and continue delivering high-quality infrastructure solutions in alignment with environmental, social, and governance (ESG) principles.

The transaction highlights the collaboration between TRIL and IFC in promoting sustainable infrastructure development, supporting economic growth, and meeting the evolving needs of commercial real estate in Chennai's dynamic market.

Tata Realty and Infrastructure Limited (TRIL) has secured a substantial loan of Rs 8.25 billion from the International Finance Corporation (IFC) to refinance an IT park project in Chennai. This financing aims to support TRIL's ongoing efforts in developing and enhancing infrastructure projects, particularly in the commercial real estate sector. The loan from IFC, under its Sustainable Development Bond program, will be utilised to refinance existing debt and further develop the IT park, ensuring sustainability and promoting green building initiatives. The IT park is strategically located in Chennai, a key hub for IT and commercial activities, catering to the growing demand for modern office spaces. TRIL, a subsidiary of Tata Sons Private Limited, has a strong track record in developing sustainable and environmentally responsible projects across India. The refinancing initiative underscores TRIL's commitment to enhancing infrastructure quality and promoting economic growth through innovative financing solutions. IFC's support not only reinforces TRIL's financial stability but also aligns with global standards for sustainable development and responsible investing in the real estate sector. The refinancing will enable TRIL to optimise project costs, improve operational efficiencies, and continue delivering high-quality infrastructure solutions in alignment with environmental, social, and governance (ESG) principles. The transaction highlights the collaboration between TRIL and IFC in promoting sustainable infrastructure development, supporting economic growth, and meeting the evolving needs of commercial real estate in Chennai's dynamic market.

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?