Tata Realty has secured Rs 825 crore loan from the International Finance Corporation (IFC) for refinancing its green commercial project in Chennai, Tamil Nadu. This funding is earmarked for the strategic refinancing of Ramanujan Intellion Park, a landmark development in sustainable real estate.

Ramanujan Intellion Park has achieved a complete reduction of emissions through renewables or carbon offsets, with more than 20 percent on water and embodied energy in materials, resulting in over 42 percent energy savings onsite.

Located 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. The IT park accommodates Taj Wellington Mews Hotel facility, which offers 112 serviced apartments and a 1,500-seater convention centre in the non-processing zone.

This financing initiative is a part of Tata Realty's broader commitment to advance its sustainability efforts and elevate the standard of green commercial spaces across India. The funds will further integrate sustainable technologies and practices at this flagship asset, which boasts a total leasable area of about 4.67 million sq. ft. of IT/ITES commercial office spaces.

Tata Realty and Infrastructure is a 100 percent subsidiary of Tata Sons, with an extensive portfolio of over 50 projects across 15 cities. It has developed around 17.6 million sq. ft. of commercial projects, with approx. 16.7 million sq. ft. of projects under development.