TARC Achieves ₹1,350 Crore Pre-Sale Milestone for Gurgaon Project

By: Propzilla Infratech
 
DELHI, India - Dec. 6, 2024 - PRLog -- Leading real estate developer TARC Ltd. has reported impressive pre-sales of ₹1,350 crore, representing 50% of its luxury residential project TARC Ishva in Sector 63A, Gurgaon. Launched in September 2024, this 1.35 million sq. ft. development has garnered strong interest, reflecting robust end-user demand for ultra-luxury homes.

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/tarc-tripundra-main-bijwa...
https://www.luxuryresidences.in/tarc-kailasa-kirti-nagar-...
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Source:Propzilla Infratech
Email:***@luxuryresidences.in
Tags:Tarc Tripundra
Industry:Real Estate
Location:Delhi - Delhi - India
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