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.

Next Story
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train Set to Launch by 2028

India’s first bullet train is set to revolutionize high-speed travel along the western corridor, with the Mumbai-Ahmedabad high-speed rail project aiming for a 2028 launch. This announcement marks a major milestone in India’s infrastructure goals, as it promises to reduce travel time between the two economic hubs from eight hours to just three.Spanning a planned 508-kilometre stretch, the corridor stands as a flagship example of Indo-Japanese collaboration in technology and engineering. Once operational, the train is expected to transform intercity mobility and place India among the select..

Next Story
Infrastructure Transport

Mumbai-Gandhinagar Train Service Enhances Passenger Capacity

The Mumbai Central–Gandhinagar Capital Vande Bharat Express has increased its passenger capacity by adding four additional AC chair car coaches to meet the growing commuter demand on one of India’s busiest business corridors. This upgrade, effective from 11 May, raised the train’s seating capacity from 1,128 to 1,440 passengers, allowing it to serve 936 more passengers daily in both directions. The increase was described as a practical measure to accommodate the surging demand on the busy Mumbai–Ahmedabad–Gandhinagar route, which regularly operates at over 150 percent seat occupancy...

Next Story
Infrastructure Urban

Delhi Plans 12 Sewage Plants to Clean Najafgarh Drain Efficiently

Delhi’s ambitious plan to improve the water quality of the Yamuna River has gained significant momentum as the Delhi Jal Board (DJB) has begun work on 12 new sewage treatment plants (STPs) aimed at reducing the volume of untreated sewage being discharged from the Najafgarh Drain.This initiative forms part of the ongoing efforts to clean the Yamuna and restore the river’s health, which has long been a critical environmental issue for the national capital. Given the alarming pollution levels in the Yamuna, experts and officials consider this project a vital step toward addressing the persist..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?