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

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..