HSBC grants Rs 3 billlion green loan to Neovantage Innovation Parks
ECONOMY & POLICY

HSBC grants Rs 3 billlion green loan to Neovantage Innovation Parks

Neovantage is a joint venture between Ivanhoe Cambridge, a real estate arm of CDPQ, and global investment firm Lighthouse Canton. The park hosts leading pharmaceutical and life sciences R&D companies.

In its statement, the company highlighted that this is its inaugural green loan, aligned with its goal of maintaining an environmentally responsible and efficient real estate portfolio. Neovantage's portfolio includes eight world-class Grade 'A' facilities, home to multinational and large Indian companies.

George Agethen, Asia-Pacific Head-Real Estate, CDPQ and Sanket Sinha, Global Head-Asset Management, Lighthouse Canton emphasised the company’s commitment to sustainability and green innovation. This funding, they said, supports Neovantage's long-term vision of fostering sustainable business ecosystems.

Amitabh Malhotra, Head- Global Banking, HSBC India, expressed pleasure in collaborating with Neovantage, marking the bank’s first green loan in India’s life sciences real estate sector. HSBC has previously provided green loans to several key real estate players, reinforcing the bank's support for sustainability-driven growth in India.

(ET)

Neovantage is a joint venture between Ivanhoe Cambridge, a real estate arm of CDPQ, and global investment firm Lighthouse Canton. The park hosts leading pharmaceutical and life sciences R&D companies. In its statement, the company highlighted that this is its inaugural green loan, aligned with its goal of maintaining an environmentally responsible and efficient real estate portfolio. Neovantage's portfolio includes eight world-class Grade 'A' facilities, home to multinational and large Indian companies. George Agethen, Asia-Pacific Head-Real Estate, CDPQ and Sanket Sinha, Global Head-Asset Management, Lighthouse Canton emphasised the company’s commitment to sustainability and green innovation. This funding, they said, supports Neovantage's long-term vision of fostering sustainable business ecosystems. Amitabh Malhotra, Head- Global Banking, HSBC India, expressed pleasure in collaborating with Neovantage, marking the bank’s first green loan in India’s life sciences real estate sector. HSBC has previously provided green loans to several key real estate players, reinforcing the bank's support for sustainability-driven growth in India. (ET)

Next Story
Infrastructure Transport

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

Next Story
Resources

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Next Story
Real Estate

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?