Tata Realty Secures Rs 825 Crore Loan from IFC for Sustainable Development 🌱🏢

Tata Realty Secures Rs 825 Crore Loan from IFC for Sustainable Development 🌱🏢

Tata Realty has achieved a significant milestone by securing an Rs 825 crore loan from the International Finance Corporation (IFC) 💸. This funding is strategically earmarked for the refinancing of Ramanujan Intellion Park in Chennai, a landmark development in sustainable real estate 🌍🏙️.

India's First and Largest IFC EDGE Zero Carbon Certified Asset 🌟

Ramanujan Intellion Park stands out as India's first and largest IFC EDGE Zero Carbon certified asset. This prestigious certification acknowledges the park’s innovative design and operational strategies that significantly reduce its carbon footprint, directly contributing to the fight against climate change 🌿. By achieving a complete reduction of emissions through renewable energy sources or carbon offsets, the park saves more than 20% on water and embodied energy in materials, while attaining over 42% energy savings on-site 💧⚡.

A Strategic Location and High Occupancy Rate 📍🏢

Located strategically along Old Mahabalipuram Road (IT Expressway) in Taramani, Chennai, the 25.27-acre Ramanujan Intellion Park encompasses both a Special Economic Zone (SEZ) processing area and a non-processing zone. This fully operational IT park hosts between 40,000 to 60,000 professionals across its six buildings daily, underscoring its high occupancy rate and vital role in the region’s IT infrastructure 👩‍💼👨‍💼.

Taj Wellington Mews Hotel: A Unique Facility 🏨✨

Additionally, the park includes the Taj Wellington Mews Hotel facility, offering 112 serviced apartments and a 1500-seater convention center in the non-processing zone. Operated by Taj Hotels—a subsidiary of Indian Hotels Company Limited (IHCL)—this facility is entirely managed by women, enhancing service quality and championing gender equality and empowerment in the hospitality industry 👩‍🔧🌟.

Commitment to Sustainability and Innovation 🌏💡

This financing initiative is a part of Tata Realty’s broader commitment to advancing its sustainability efforts and elevating the standard of green commercial spaces across India. The funds will further integrate state-of-the-art sustainable technologies and practices at this flagship asset, which boasts a total leasable area of approximately 4.67 million sq ft of IT/ITES commercial office spaces 📈🏢.

Sanjay Dutt, MD & CEO of Tata Realty, stated, “The financing from IFC is a strategic investment in advancing our efforts to enhance the sustainability and climate resilience of Ramanujan Intellion Park. It enables us to continue our leadership in green building practices and reinforces our commitment to developing environmentally responsible assets that align with global sustainability targets.” 🌱🌐