A leading real estate developer has secured a loan of ?825 crore from an international financial institution to refinance a large IT park located in Taramani, Chennai.
The IT park has achieved full emission reduction through renewable energy or carbon offsets, along with saving more than 20% on water usage and embodied energy in materials, and achieving over 42% on-site energy savings.
According to the developer, the financing will help further enhance the sustainability and climate resilience of the project.
The IT park, spread across 25.27 acres, includes both a special economic zone (SEZ) processing area and a non-processing zone, with a total leasable area of approximately 4.67 million square feet of commercial office space.
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