TARC Reports Rs 11.65 Billion Pre-Sale in Q3 FY25

07 Jan 2025 CW Team

TARC reported pre-sales of Rs 11.65 billion during Q3FY25, bringing its total pre-sales for the first nine months of FY2025 to Rs 24.87 billion, a nearly six-fold year-on-year increase.

Customer collections in Q3 FY2025 amounted to Rs 1.81 billion, with total collections for the first three quarters of FY2025 reaching Rs 3.71 billion.

The company attributes this growth to rising demand in the luxury real estate sector and the successful execution of its business strategies.

The company's project, TARC Ishva, has achieved approximately Rs 15 billion in presales to date.

Additionally, TARC has acquired an additional land parcel in Gurugram, further strengthening its portfolio and boosting its potential Gross Development Value.

Amar Sarin, Managing Director and CEO of TARC, expressed pride in consistently achieving four-figure presales numbers, noting that this demonstrates the success of the company's strategy to focus on world-class luxury developments and timely delivery. He highlighted that every challenge faced only strengthened the company’s resilience, positioning it for continued growth and success.

Sarin also mentioned the recent announcement by Union Minister for Road Transport and Highways, Nitin Gadkari, regarding four strategic highway projects in Delhi. These projects, which are expected to significantly enhance the city’s connectivity, are likely to unlock substantial opportunities for the company’s land parcels in Delhi, further supporting growth.

The luxury real estate markets in Delhi and Gurugram are seen as poised for high growth, driven by strong demand, strategic infrastructure developments, and the cities' status as hubs for high-net-worth individuals. With India’s economy continuing its positive trajectory, the luxury real estate sector is expected to benefit from the rising affluent population. The demand for luxury residences is anticipated to grow alongside the evolving urban landscapes of these cities.

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