+
TARC receives funding from Bain Capital
Real Estate

TARC receives funding from Bain Capital

TARC, a real estate development business based in North India, has raised Rs 1330 crore from Bain Capital in the United States. Bain Capital Credit provided the cash in the form of secured long-term NCDs.

TARC has used a portion of the freshly injected cash to retire all of its previous debt with several domestic lenders, achieving the twin goals of lowering the cost of capital and replacing short-term debt with patient long-term capital.

These cash would be used to expand the company and maintain its recent growth rate. More precisely, it would be used immediately to develop TARC's notable New Delhi centric property parcels intended for residential development, as well as TARC's other land holdings strategically positioned in the satellite town of Gurgaon. TARC is preparing to debut its projects, which would usher in a new era of luxury living in New Delhi.

TARC, a real estate development business based in North India, has raised Rs 1330 crore from Bain Capital in the United States. Bain Capital Credit provided the cash in the form of secured long-term NCDs.TARC has used a portion of the freshly injected cash to retire all of its previous debt with several domestic lenders, achieving the twin goals of lowering the cost of capital and replacing short-term debt with patient long-term capital.These cash would be used to expand the company and maintain its recent growth rate. More precisely, it would be used immediately to develop TARC's notable New Delhi centric property parcels intended for residential development, as well as TARC's other land holdings strategically positioned in the satellite town of Gurgaon. TARC is preparing to debut its projects, which would usher in a new era of luxury living in New Delhi.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors.To read full article Click Here ..

Next Story
Real Estate

Glass, Reframed!

Glass façades, quintessential aesthetic building envelopes globally, have been widely adopted in India as well. But when the focus is high-performance building systems that deliver energy efficiency, comfort and architectural identity, glass isn’t the only preference. Combination solutions, involving glass and some other material, improve façade outcomes. Some combinations come at comparable prices, some at a higher price. Here is a selection of performance-oriented solutions...To read the full story Click Here ..

Next Story
Infrastructure Urban

Beyond Building Faster

India’s cities are expanding at an unprecedented pace, bringing new infrastructure and development opportunities while also intensifying challenges around mobility, public spaces, liveability and supporting infrastructure. The question, therefore, is not simply whether India can build faster, but whether it can build cities that work better.At a CW webinar, Are We Designing Better Cities – or Just Building Faster?, moderator Ar. Samir Shaikh, Founding Principal, AR&UD Studio, brought together perspectives from design, development, master planning and technology...To read the full artic..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code