TCG Real Estate Secures Funding for World Trade Center Development in Gurugram

TCG Real Estate, through its subsidiary, Energetic Construction Pvt. Ltd, has secured funding of ₹714 crore from State Bank of India to develop the World Trade Center project in Gurugram. The project will feature a mix of office spaces and high-street retail and is expected to have a leasable area of around 1 million square feet. The funding has been secured in the form of a loan with a tenure of 72 months and an annual interest rate of 9.6%. The project is estimated to cost ₹1211.86 crore and is located off NH8 on Sohna Road in Gurugram. It is expected to comprise four towers, with two office towers spanning 9.4 lakh sq ft and two retail towers spanning 72,407 sq ft.

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