TARC Ltd: Luxury Real Estate Projects Drive Revenue Growth in Delhi and Gurugram
TARC Ltd, a prominent real estate developer, is set to generate Rs 2,000 crore in revenue from the next phase of its luxury projects, Ishva and Kailasa, in Gurugram and Delhi. The company has reported significant pre-sales and has acquired additional land
Tarc LtdLuxury Real EstateDelhiGurugramHighnetworth IndividualsReal Estate NewsFeb 25, 2025
The company, helmed by Managing Director and CEO Amar Sarin, is expecting Rs 2,000 crore in revenue from the next phase of its two flagship projects, Ishva and Kailasa.
During the third quarter of FY2025, TARC reported pre-sales of Rs 1,165 crore, bringing the total pre-sales to Rs 2,487 crore in the first nine months of FY2025—a six-fold year-on-year increase.
This remarkable performance underscores the growing demand for thoughtfully designed luxury residences in the region.
“The success of TARC Ishva and TARC Kailasa is a testament to the growing demand for our meticulously designed luxury residences,” said Amar Sarin.
“The unveiling of the final towers marks another milestone in our mission to redefine ultra-luxury living experiences and offer a differentiated luxury homes proposition.”
The two projects, Ishva and Kailasa, encompass about 800,000 square feet of saleable area.
TARC has strategically acquired an additional land parcel in Gurugram, further enhancing its portfolio and potential Gross Development Value.
This acquisition is a strategic move to capitalize on the robust growth potential of the luxury real estate market in the region.
The luxury real estate markets in Delhi and Gurugram are poised for high growth, driven by robust demand, strategic infrastructure developments, and the cities' status as key hubs for high-net-worth individuals.
As India's economy continues to grow, the luxury real estate sector is expected to benefit from an expanding affluent population and the evolving urban landscapes of these cities.
To support its ambitious projects and financial requirements, TARC Limited raised Rs 1,000 crore from a consortium of domestic banks and financial institutions led by Kotak Mahindra Bank.
The funds, raised at an interest rate of 12.75%, will primarily be used for refinancing existing debt, with Rs 250 crore allocated for additional working capital.
The consortium included prominent institutions such as Nomura Capital, Aditya Birla Capital, and STCI.
The company is investing Rs 1,200 crore in developing TARC Kailasa, a luxury residential project in western Delhi’s Kirti Nagar.
The project, spread across a 6-acre land parcel, will include five high-rise towers designed by the renowned Andy Fisher Workshop of Singapore.
TARC has appointed Arabian Construction Company as the construction contractor, leveraging their expertise in high-rise constructions and extensive project delivery experience in India and the UAE.
With TARC Kailasa, the company aims to develop 1.7 million square feet of luxury housing and is expecting Rs 4,000 crore in revenue from the project.
This significant investment and strong market demand indicate a promising future for TARC and the luxury real estate sector in Delhi and Gurugram.
In conclusion, TARC Ltd’s successful projects and strategic acquisitions position the company as a leading player in the luxury real estate market.
The company’s focus on quality, design, and customer satisfaction is expected to drive further growth and revenue in the coming years.
Frequently Asked Questions
What are the two flagship projects of TARC Ltd?
TARC Ltd's two flagship projects are Ishva and Kailasa, both luxury residential developments in Gurugram and Delhi.
How much revenue is TARC Ltd expecting from the next phase of its projects?
TARC Ltd is expecting Rs 2,000 crore in revenue from the next phase of its projects Ishva and Kailasa.
What is the total pre-sale amount reported by TARC Ltd in the first nine months of FY2025?
TARC Ltd reported a total pre-sale amount of Rs 2,487 crore in the first nine months of FY2025.
How much land area do the projects Ishva and Kailasa cover?
The projects Ishva and Kailasa cover about 800,000 square feet of saleable area.
How much has TARC Ltd raised from domestic banks and financial institutions?
TARC Ltd has raised Rs 1,000 crore from a consortium of domestic banks and financial institutions led by Kotak Mahindra Bank.
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