TARC Limited Reports Strong Presales of Rs 1,165 Crore in Q3 FY2025

TARC Limited Reports Strong Presales of Rs 1,165 Crore in Q3 FY2025

07 March, 2025

Source: Business Standard

First Published: Jan 07 2025 | 11:40 PM IST

TARC Limited, a leading name in the luxury real estate sector, has announced an exceptional operational performance for the third quarter of FY2025, achieving presales of Rs 1,165 crore. This remarkable achievement underscores the company’s consistent growth trajectory and its ability to meet the rising demand for luxury properties in gurgaon. For the first nine months of FY2025, TARC Limited registered presales of Rs 2,487 crore, reflecting an impressive six-fold year-on-year increase.

Financial Performance and Operational Highlights

In Q3 FY2025, TARC Limited reported customer collections of Rs 181 crore, bringing the total collections for the first three quarters of the fiscal year to Rs 371 crore. This robust collection performance highlights the company’s effective sales strategies and strong market demand.

The company’s presales growth is driven by increasing demand in the luxury real estate sector, particularly in Delhi and Gurugram. TARC Limited has successfully capitalized on this trend by delivering world-class luxury developments and maintaining a sharp focus on operational efficiency.

Key Project Updates

Smartworld The Edition, Sector 66, Golf Course Ext. Road, Gurgaon

TARC Limited’s flagship projects continue to make significant progress, contributing to its strong financial performance:

  • TARC Tripundra: The project is in its final stages of completion, marking a significant milestone for the company. This development is expected to further enhance TARC’s reputation for delivering high-quality luxury residences.
  • TARC Kailasa: The company is developing a state-of-the-art experience center for this project, featuring a meticulously designed sample flat that showcases the luxury offerings of the development. Prices at TARC Kailasa have already appreciated significantly, reflecting strong market demand.
  • TARC Ishva: This project has achieved presales of approximately Rs 1,500 crore to date. Construction is progressing rapidly, with the site buzzing with activity.

Land Acquisition: TARC Limited has acquired an additional land parcel in Gurugram, further strengthening its portfolio and enhancing its potential Gross Development Value (GDV).

Entertainment Asset: The company’s multi-screen cinema and entertainment asset in East Delhi has now become operational, adding a new dimension to its diversified portfolio.

Leadership Insights

Amar Sarin, Managing Director & CEO of TARC Limited, expressed pride in the company’s consistent performance, stating, “Achieving four-figure presales numbers is a clear indication that our strategy to focus on world-class luxury developments and on-time delivery has gained significant momentum. Our dedicated teams are continually building on this strong foundation, with a sharp focus on unlocking the full potential of our existing land bank while also actively exploring strategic acquisitions and joint ventures.”

Sarin emphasized the company’s resilience in overcoming challenges and its commitment to creating long-term value for stakeholders. He added, “With our unwavering commitment to integrity, we remain focused on delivering exceptional results. We are confident that TARC is well-positioned to reach even greater milestones in the years ahead.”

Infrastructure Developments Boosting Growth

The recent announcement by Union Minister for Road Transport and Highways, Nitin Gadkari, regarding four strategic highway projects in Delhi, is expected to significantly enhance the city’s connectivity. These infrastructural advancements are poised to unlock substantial opportunities for TARC Limited’s land parcels in Delhi, further driving growth and increasing the value of its developments.

Market Outlook

The luxury real estate markets in Delhi and Gurugram are well-positioned for high growth, fueled by robust demand, strategic infrastructure developments, and the cities’ status as key hubs for high-net-worth individuals (HNWIs). As India’s economy continues its positive trajectory, the luxury real estate sector is set to benefit from a growing affluent population.

The demand for luxury residences is expected to rise alongside the evolving urban landscapes of Delhi and Gurugram. These cities’ reputations as global business and cultural centers continue to attract both domestic and international buyers, ensuring sustained demand for luxury properties.

How Andlay Estates Can Help You Secure Luxury Properties Without Any Hassle.

If you’re looking to invest in TARC Limited’s luxury properties, Andlay Estates is your trusted partner in making the process seamless and hassle-free. With years of expertise in the real estate market, Andlay Estates offers end-to-end services, including property selection, documentation, and financing assistance.

Andlay Estates understands the complexities of investing in luxury real estate and ensures that every step, from initial inquiry to final possession, is handled with precision and care. Their team of experts provides personalized guidance, helping you choose the perfect property that aligns with your aspirations and budget.

By partnering with Andaly Estates, you can:

  • Gain access to exclusive luxury properties by TARC Limited.
  • Navigate the buying process with ease, thanks to their expert assistance.
  • Ensure timely possession and hassle-free documentation.
  • Receive tailored financing solutions to make your investment stress-free.

With Andaly Estates, your dream of owning a luxury property in Delhi or Gurugram is just a step away.

Strategic Focus and Future Prospects

TARC Limited remains optimistic about its future prospects, forecasting continued growth in both sales and collections. The company’s strategic focus on luxury developments, timely delivery, and customer-centric approaches has positioned it as a leader in the real estate sector.

With a strong land bank, strategic acquisitions, and a commitment to innovation, TARC Limited is well-equipped to capitalize on emerging opportunities in the luxury real estate market. The company’s ability to adapt to market dynamics and deliver exceptional value to its stakeholders underscores its potential for sustained success.

Conclusion

TARC Limited’s strong operational and financial performance in Q3 FY2025 highlights its leadership in the luxury real estate sector. With presales of Rs 1,165 crore and collections of Rs 181 crore in the third quarter, the company has demonstrated its ability to deliver consistent growth and value to its stakeholders.

As the luxury real estate market in Delhi and Gurugram continues to thrive, TARC Limited is well-positioned to capitalize on emerging opportunities and achieve even greater milestones in the years ahead. The company’s strategic focus, combined with favorable market conditions and infrastructural developments, ensures a bright future for TARC Limited and its stakeholders.