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Follow on Google News | TARC Achieves ₹1,350 Crore Pre-Sale Milestone for Gurgaon ProjectBy: Propzilla Infratech The success of TARC Ishva contributes significantly to the company's fiscal year targets, with the remaining inventory expected to sell out soon. According to Amar Sarin, Managing Director & CEO, TARC Ltd., "We are witnessing strong, end-user-driven demand for our projects. This momentum is encouraging, and we plan to deliver more landmark developments for our customers in the near future." In Q2 FY25, TARC Ltd. achieved ₹1,012 crore in pre-sales, marking a 900% year-on-year growth, bolstered by the launch of Ishva, which has a total revenue potential of ₹2,700 crore. This success underlines the company's strategic focus on premium residential developments. The company has also completed ₹1,000 crore in debt refinancing, significantly lowering its borrowing costs to 12.75% from over 18%, a move that enhances financial efficiency and supports its growth plans. Additionally, TARC's flagship project TARC Kailasa has recorded total pre-sales of ₹1,824 crore as of H1 FY25. Foundation works for Kailasa are now underway following the completion of excavation activities, marking another milestone in the company's ultra-luxury residential portfolio. TARC's continued emphasis on high-quality, luxury developments positions it as a leader in meeting the rising demand for premium housing in the Indian real estate market. Read more:- https://www.luxuryresidences.in/ https://www.luxuryresidences.in/ End
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