Mumbai, August 10, 2026: DBS Bank India has sanctioned a ₹520 crore construction finance facility to a special purpose vehicle (SPV) of K Raheja Corp to support the development of a LEED Platinum pre-certified Grade A commercial tower in Balewadi, Pune.
The project is expected to strengthen Pune’s growing commercial real estate landscape and cater to increasing demand for high-quality, sustainable and future-ready office spaces.
1.1 Million Sq. Ft. Commercial Development
The upcoming commercial tower will offer approximately 1.1 million sq. ft. of Grade A office space in Balewadi, one of Pune’s rapidly developing business districts.
Key features of the project include:
- Approximately 1.1 million sq. ft. of Grade A office space
- LEED Platinum pre-certification
- Focus on sustainable construction and operations
- Location in one of Pune’s emerging commercial hubs
- Infrastructure designed to meet the requirements of modern businesses
The development is aimed at meeting the growing demand for premium office spaces from businesses looking for efficient and environmentally responsible workplaces.
Pune Continues to Attract Commercial Real Estate Investment
India’s commercial real estate market continues to benefit from business expansion, the growth of Global Capability Centres (GCCs) and increasing demand for high-quality workplaces.
Pune remains an important commercial and technology hub, supported by its strong talent base, established technology ecosystem and continuing infrastructure development.
The growth of sustainable commercial developments is also reflecting a broader shift among businesses and developers toward energy-efficient and environmentally responsible buildings.
DBS Bank India on the Partnership
Santanu Mitra, Managing Director & Country Head, Corporate Banking (Large and Midcap), DBS Bank India, said the bank was pleased to partner with K Raheja Corp on the project.
He highlighted the growing demand for high-quality and environmentally responsible workplaces, noting that future-ready commercial developments are becoming increasingly important for businesses.
K Raheja Corp Highlights Sustainability Focus
Vinod Rohira, MD and CEO, K Raheja Corp, said Balewadi is emerging as an important centre of Pune’s commercial growth.
He emphasized that sustainability is an integral part of the company’s approach to development rather than an additional feature.
The partnership with DBS Bank India, he added, reflects a shared commitment toward developing high-quality and sustainable commercial assets.
Project to Strengthen Pune’s Grade A Office Supply
With its 1.1 million sq. ft. scale, LEED Platinum pre-certification and strategic Balewadi location, the project is positioned to add significant Grade A office supply to Pune’s commercial real estate market.
The ₹520 crore financing facility also highlights continued institutional confidence in sustainable commercial real estate projects in India’s major business markets.
