+
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
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code