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

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

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.

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.

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