TARC Achieves ?1,350 Crore Presale for Gurugram Luxury Project

02 Dec 2024 CW Team

Real estate developer TARC Ltd has achieved ?1,350 crore in presales, representing 50% of its luxury residential project TARC Ishva in Sector 63A, Gurugram. Launched in September 2024, the 1.35 million sq ft project has a total revenue potential of ?27 billion.

The robust presales have contributed to TARC’s impressive 900% year-on-year growth in Q2 FY25, with total presales reaching ?1.12 billion. This momentum is expected to help the company meet its fiscal guidance.

"We have experienced end-user-driven demand for our projects and remain confident about continuing this momentum," said Amar Sarin, Managing Director & CEO, TARC Limited.

In addition to TARC Ishva, the developer reported ?1,824 crore in total presales for TARC Kailasa, another ultra-luxury project, with foundation work underway following excavation completion.

TARC also refinanced ?10 billion of debt during the quarter, significantly reducing borrowing costs to 12.75% from over 18%. The company remains focused on creating premium developments for its customers.

Infrastructure Transport

12 Jan 2026

Dhalbhumgarh Airport Faces 150-km Rule Hurdle

The issue has resurfaced following a recent statement by Union Civil Aviation Minister Ram Mohan Naidu, who said that under existing aviation policy, a new greenfield airport is generally not permitted within an aerial distance of 150 kilometres of an operational civilian airport. He added, however, that if a formal proposal is submitted, its impact on the existing airport can be examined and relaxations may be considered on a case-by-case basis. While the clarification has revived some hope for Dhalbhumgarh, it has also underlined the scale of the technical challenge facing the project. Unde..

Stakeholders Seek Parallel Ops For Vizag Airports

With road and metro rail links to Bhogapuram still several years away, stakeholders in north Andhra Pradesh have renewed demands to continue civil operations at INS Dega even after the commissioning of Bhogapuram International Airport. The new airport is expected to begin commercial operations from June. Officials said close to 80 per cent of the airport infrastructure at Bhogapuram, including the terminal building and internal approach roads, has already been completed. However, inadequate external connectivity remains a key concern. Making a case for parallel operations, Andhra Pradesh Air ..

Govt To Roll Out V2V Tech To Cut Road Crashes

In an effort to curb road accidents, particularly in low-visibility conditions such as dense fog, the government is set to roll out vehicle-to-vehicle (V2V) communication technology that will allow cars to exchange real-time data and alert drivers to potential dangers. The announcement was made by Union Road Transport and Highways Minister Nitin Gadkari after the 43rd meeting of the Transport Development Council. The technology involves installing an on-board unit (OBU) in vehicles, enabling wireless data exchange between nearby cars. This will allow vehicles to share information such as spee..