TARC Limited Soars with ₹11,012 Crore in Q2 Presales, Launches New Luxury Development

On October 4, 2024, TARC Limited announced impressive operational results for the second quarter of FY2025, achieving presales of ₹11,012 crore, which marks a remarkable year-on-year growth of 900%. This performance highlights the company’s strong market position and growth potential.

In the first half of FY2025, TARC Limited reported total presales of ₹11,322 crore, showcasing an extraordinary year-on-year increase of 60%. This achievement reflects the company’s strong performance and strategic focus on the luxury real estate sector.

Key Highlights for Q2 FY2025

• TARC Limited successfully launched TARC Ishva, a luxury development located on the extended Golf Course Road in Sector 634, Gurugram. This project emphasises the company’s commitment to providing elegant living spaces and reinforces its leadership in the luxury real estate market.
• In a bid to maintain financial stability, TARC Limited refinanced ₹1,000 crore of debt at an attractive interest rate of 12.75%, supported by the company’s strong business and brand. This refinancing will enhance financial strength and enable continued investments in key projects.

With strong pre-sales performance, effective financial management, and new project launches, TARC Limited is well-prepared to adapt to changing market conditions. The company aims to deliver high-quality developments that meet customer needs while maximising value for stakeholders. Additionally, TARC is focusing on expanding its portfolio in high-demand areas of Delhi and Gurugram, with exciting new launches planned for the future.

Amar Sarin, MD and CEO of TARC Limited, expressed enthusiasm about the company’s performance and the positive reception of TARC Ishva. He noted that TARC has established itself as a strong luxury residential brand, as demonstrated by the presales and feedback for its developments: Tripundra, Kailasa, and Ishva. He also thanked Bain Capital for their support and looks forward to future collaborations with new financial partners.

About TARC Limited

TARC Limited is a leading luxury real estate developer based in New Delhi. The company is dedicated to creating exceptional living experiences inspired by India. TARC focuses on developing luxurious residential properties in New Delhi and Gurugram, aiming to redefine urban living and establish itself as a symbol of luxury and sophistication in the industry.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.