+
TARC Limited targets ₹1,500 crore revenue in FY23-24
Real Estate

TARC Limited targets ₹1,500 crore revenue in FY23-24

Delhi-based real estate developer TARC Limited plans to triple revenue to ₹1,500 crore in FY23-24. The company, which has raised ₹1,330 crore from Bain Capital by way of NCD, is expecting a top line of ₹6,000 crore from its upcoming projects in Central Delhi and Gurgaon.

TARC has achieved project sales value of ₹520 crore in FY23 and has already sold out its project in Gurgaon, TARC Maceo, which achieved a price appreciation of 45%. The company also registered cash in-flows of ₹250 crore in FY23, including compensation received from the government for land acquisition.

“TARC will continue to aim at generating healthy cash flows in the current financial year which will be re-invested in our business and towards debt reduction. A strong project pipeline in the luxury and ultra-luxury space will ensure that we are committed to meeting our growth objectives in a sustained manner,” said Amar Sarin, CEO & Managing Director – TARC Ltd.

The company is planning to launch two new projects in Central Delhi and Gurgaon in September-October 2023. These projects have a development potential of around 3 million sq ft and are expected to generate revenue of ₹6,000 crore.

TARC is also expecting revenue from its luxury residential project ‘TARC Tripundra’ on the main Bijwasan Road in New Delhi, which it launched in 2022. The premium project offers 3 and 4-BHK homes priced Rs 4.5 crore onwards and the project has an approximate total sales value of over Rs 900 crore.

TARC has a strong track record of growth and has consistently delivered on its financial targets. The company is well-positioned to continue its growth momentum in the coming years.

Also Read

Delhi-based real estate developer TARC Limited plans to triple revenue to ₹1,500 crore in FY23-24. The company, which has raised ₹1,330 crore from Bain Capital by way of NCD, is expecting a top line of ₹6,000 crore from its upcoming projects in Central Delhi and Gurgaon.TARC has achieved project sales value of ₹520 crore in FY23 and has already sold out its project in Gurgaon, TARC Maceo, which achieved a price appreciation of 45%. The company also registered cash in-flows of ₹250 crore in FY23, including compensation received from the government for land acquisition.“TARC will continue to aim at generating healthy cash flows in the current financial year which will be re-invested in our business and towards debt reduction. A strong project pipeline in the luxury and ultra-luxury space will ensure that we are committed to meeting our growth objectives in a sustained manner,” said Amar Sarin, CEO & Managing Director – TARC Ltd.The company is planning to launch two new projects in Central Delhi and Gurgaon in September-October 2023. These projects have a development potential of around 3 million sq ft and are expected to generate revenue of ₹6,000 crore.TARC is also expecting revenue from its luxury residential project ‘TARC Tripundra’ on the main Bijwasan Road in New Delhi, which it launched in 2022. The premium project offers 3 and 4-BHK homes priced Rs 4.5 crore onwards and the project has an approximate total sales value of over Rs 900 crore.TARC has a strong track record of growth and has consistently delivered on its financial targets. The company is well-positioned to continue its growth momentum in the coming years.Also ReadChennai Metro to revolutionise Old Mahabalipuram Road by 2027Railways to upgrade 1,275 stations

Next Story
Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?