TARC reports Rs 3500 million in sales in New Delhi project
Real Estate

TARC reports Rs 3500 million in sales in New Delhi project

After the company announced that its newly launched luxury residential project TARC Tripundra in Delhi has generated sales worth Rs 350 crore, TARC's share price increased by 5.70 per cent to Rs 43.60.

TARC Tripundra is conveniently located on New Delhi's Bijwasan Road, close to Pushpanjali Farms. It is close to the Indira Gandhi International Airport, Cyber City, and Aerocity. The gated community project offers a variety of luxurious amenities and has a potential sales value of approximately Rs 9000 million.

"The promising growth of Delhi has transformed it into a buzzing metropolis, offering multiple opportunities in an ever-evolving real estate sector," stated Amar Sarin, MD and CEO of TARC. “We are pleased that our launch elicited an extremely positive response from homebuyers, despite the global economic headwinds, and that we closed 2022 on a high note, with our sale price increasing by nearly 25 per cent.” he added.

TARC worked with a leading developer of residential, hospitality, commercial, retail, warehousing, lT, institutional, and mixed-use developments in prime locations in Delhi and the National Capital Region. The developer had one of the largest land banks and key land parcels. Following its most recent partnerships with Bain Capital, USA and Blackstone lnc, TARC has increased its brand equity.

A 73.92 per cent increase in sales to Rs 416.70 million in Q2 FY23 compared to Q2 FY22 led to a 54.15 per cent increase in the company's consolidated net profit to Rs 81.70 million.

After the company announced that its newly launched luxury residential project TARC Tripundra in Delhi has generated sales worth Rs 350 crore, TARC's share price increased by 5.70 per cent to Rs 43.60. TARC Tripundra is conveniently located on New Delhi's Bijwasan Road, close to Pushpanjali Farms. It is close to the Indira Gandhi International Airport, Cyber City, and Aerocity. The gated community project offers a variety of luxurious amenities and has a potential sales value of approximately Rs 9000 million. The promising growth of Delhi has transformed it into a buzzing metropolis, offering multiple opportunities in an ever-evolving real estate sector, stated Amar Sarin, MD and CEO of TARC. “We are pleased that our launch elicited an extremely positive response from homebuyers, despite the global economic headwinds, and that we closed 2022 on a high note, with our sale price increasing by nearly 25 per cent.” he added. TARC worked with a leading developer of residential, hospitality, commercial, retail, warehousing, lT, institutional, and mixed-use developments in prime locations in Delhi and the National Capital Region. The developer had one of the largest land banks and key land parcels. Following its most recent partnerships with Bain Capital, USA and Blackstone lnc, TARC has increased its brand equity. A 73.92 per cent increase in sales to Rs 416.70 million in Q2 FY23 compared to Q2 FY22 led to a 54.15 per cent increase in the company's consolidated net profit to Rs 81.70 million.

Next Story
Infrastructure Urban

LinkedLogi Onboards 500+ Providers, Disrupts Freight Industry Model

LinkedLogi, a tech-first multimodal freight platform, is disrupting India’s traditional logistics ecosystem by building a unified digital freight operating system. In a country where nearly 85 per cent of freight still depends on phone calls, paperwork, and manual coordination, LinkedLogi is quietly leading a digital shift that is gaining early traction.Launched in February 2025, the company has already onboarded over 500 verified logistics providers and is enabling multimodal freight movement across road, rail, air, ocean, and warehousing—through one integrated digital interface. The plat..

Next Story
Real Estate

Driven Properties Opens Dubai’s Largest Realty Office After AED 5.05 Bn Deal

Driven | Forbes Global Properties has officially opened the doors to its new headquarters in Downtown Dubai, just steps from Burj Khalifa. Spanning 43,000 square feet across two floors, the space is now the largest real estate office in the city, a reflection  of the company’s growth and evolution in recent years. The move follows its landmark AED 505 million acquisition of Emaar Square Building 3 in November last year.  The new headquarters underscores the company’s long-term vision for the UAE market. As Dubai continues to evolve as a global real estate hub, Driven Propert..

Next Story
Infrastructure Urban

Hindustan Zinc Invests Over Rs 4.30 Bn in Rajasthan Education Since 2017

Hindustan Zinc, world’s largest integrated zinc producer, was felicitated with 6 awards at the 29th Bhamashah Awards for longstanding and deeply impactful contributions to school education in Rajasthan. 5 units of the company, Rampura Agucha Mine, Chanderiya Lead Zinc Smelter, Zawar Mines, Rajpura Dariba Complex, and Zinc Smelter Debari were recognized under Shiksha Vibhushan category and Kayad Lead Zinc Mine under Shiksha Bhushan category for sustained efforts in strengthening both physical infrastructure and learning outcomes across the state. The award function was graced by the esteemed ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?