POSTED ON 20 DECEMBER 2024
Bangalore-based real estate developer Total Environment has raised over INR 1,600 crore from top banks and financial institutions. This large investment will help the company complete their ongoing housing projects in Bangalore, covering an area of about 12 million square feet.
The funding comes after strong sales performance in the residential market. Founder Kamal Sagar explained that focusing on sales and taking advantage of the recent housing market growth allowed the company to pay off high-cost debt. They replaced it with loans at lower interest rates, ranging from 9.7% to 12.5%. Major lenders like State Bank of India (SBI), Standard Chartered Bank, ICICI Bank, Axis Bank, and RBL Bank provided the funding.
With lower borrowing costs, Total Environment plans to speed up construction and deliver their custom-designed homes more quickly. Their goal is to hand over 100 homes every month to meet the growing demand in Bangalore’s housing market.
This marks a big shift for the company. In the past, Total Environment relied on investments totaling INR 2,070 crore from domestic and international investors between 2015 and 2019. These funds came with high interest rates, between 14% and 20% per year. Investors like Brookfield Asset Management, HDFC Capital, HDFC Bank, and L&T Finance supported projects during that time.
Founded in 1996, Total Environment stands out for its “People-Centered Design” approach. They focus on building unique homes tailored to meet the specific needs of residents. The company also handles the production of furniture, doors, windows, and other fittings in-house, ensuring quality and attention to detail. They even provide lifelong property management services.
With strong sales, better financing, and a dedication to thoughtful home design, Total Environment is set to grow further in Bangalore’s competitive real estate market. Their commitment to faster deliveries and creative designs makes them a leader in the industry.
