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

02 Jun 2023 CW Team

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

Chennai Metro to revolutionise Old Mahabalipuram Road by 2027

Railways to upgrade 1,275 stations

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..