Total Environment Resorts Pvt Ltd (TERPL), a subsidiary of the Bengaluru-based Total Environment Group, has raised ₹175 crore through the issuance of listed, rated non-convertible debentures (NCDs). The funds will be used to support a new residential real estate project in Bengaluru, highlighting the developer’s focus on sustainable growth and structured financing.
The NCDs were arranged exclusively by Standard Chartered Bank, which acted as the sole arranger and green coordinator for the transaction. The issue also received a second-party opinion from Bureau Veritas, ensuring compliance with environmental and sustainability standards.
According to reports, the raised capital will be deployed for the development of an upcoming premium housing project in Bengaluru, designed to align with green financing principles. The transaction follows the International Capital Market Association’s (ICMA) Green Bond Principles and SEBI’s guidelines on green debt securities, reinforcing the company’s commitment to sustainability and transparency.
The successful fundraise demonstrates the increasing confidence of investors in India’s green debt market and the growing participation of real estate developers in adopting eco-friendly financing routes. For Total Environment Resorts, this step represents both financial prudence and alignment with broader ESG (Environmental, Social, and Governance) frameworks.
Industry experts see this move as a reflection of the shifting trend within India’s real estate and hospitality sectors, where developers are integrating green finance mechanisms to strengthen credibility and attract institutional investors. With rising demand for sustainable residential spaces, such initiatives are expected to gain momentum in major urban markets like Bengaluru, Mumbai, and Delhi-NCR.
As Total Environment Resorts progresses with its Bengaluru project, market observers will watch how effectively the funds are utilized and how the development contributes to sustainable urban living. The ₹175 crore NCD issuance underscores the company’s proactive approach toward responsible financing and its continued growth in the premium housing segment.
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