+
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
Infrastructure Energy

Tata Power, Suzlon Ink Rs 60 Billion Wind Energy Deal in Andhra

Tata Power has signed an agreement with Suzlon Energy to develop, construct, and supply 700 megawatt (MW) wind turbines in Andhra Pradesh. The Rs 60 billion project forms part of a 7 gigawatt (GW) renewable energy plan announced by Tata Power Renewable Energy (TPREL) and the state government in March 2025.This marks the first wind energy project in the state since 2019. The larger 7 GW programme, covering solar, wind, and hybrid projects with or without storage, is expected to attract investments of around Rs 490 billion, making it one of the state’s largest clean energy commitments.The turb..

Next Story
Infrastructure Transport

Odisha Approves Rs 12.6 Billion For 32 New Bridges

Odisha is set for a major infrastructure boost with the approval of 32 new bridges under the Setu Bandhan Yojana for FY 2025–26. The project, valued at Rs 12.6 billion, is aimed at improving road connectivity across ten districts, enhancing mobility and driving local development.The bridges will be constructed in Bolangir, Subarnapur, Nayagarh, Sambalpur, Malkangiri, Bargarh, Koraput, Jagatsinghpur, Cuttack, and Puri. Many of these areas are rural or located in difficult terrains, where improved accessibility will greatly benefit the transportation of goods and public mobility.Setu Bandhan Y..

Next Story
Infrastructure Transport

UP Plans Rs 350 Billion Gorakhpur–Shamli Expressway

Uttar Pradesh is preparing to build its largest expressway, a 700-km six-lane project that will surpass the 570-km Ganga Expressway from Meerut to Prayagraj. Designed as a greenfield project, the Gorakhpur–Shamli Expressway will cut travel time between eastern and western Uttar Pradesh to just six hours, transforming regional connectivity.The expressway will pass through 22 districts and 37 tehsils, bringing faster travel and significant economic benefits, including higher land values for farmers and employment opportunities during and after construction. A drone survey to map the route is e..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?