JSW Realty, the real estate arm of JSW Group, is in advanced discussions to raise a ₹1,600 crore loan from Tata Capital Ltd to finance a commercial office project near Mumbai’s Bandra business district, according to people familiar with the matter.
The proposed five-year loan is expected to carry an interest rate in the range of 9 per cent to 11 per cent per annum, compared to the current five-year government bond yield of 6.47 per cent. However, the transaction has not yet been finalised, and discussions are still ongoing.
Both JSW Realty and Tata Capital have not issued any official comment on the proposed financing deal. The loan, if concluded, would support JSW Realty’s expanding commercial portfolio in Mumbai, where competition for prime land and redevelopment projects has intensified in recent years.
JSW Realty develops residential, commercial, and mixed-use projects and has been increasing its presence in Mumbai’s high-value real estate market. The Bandra business district remains one of the city’s most sought-after commercial hubs, driven by strong demand from Global Capability Centres (GCCs) and flexible workspace operators.
According to industry analysts, sustained demand for premium office spaces is supporting growth in Mumbai’s commercial real estate sector, even as developers face rising land acquisition costs and competitive pressures. The potential financing deal highlights continued investor interest in India’s high-end property market, particularly in key urban centres such as Mumbai.