TARC Reports Rs 11.65 Billion Pre-Sale in Q3 FY25
07 Jan 2025
2 Min Read
CW Team
TARC reported pre-sales of Rs 11.65 billion during Q3FY25, bringing its total pre-sales for the first nine months of FY2025 to Rs 24.87 billion, a nearly six-fold year-on-year increase.
Customer collections in Q3 FY2025 amounted to Rs 1.81 billion, with total collections for the first three quarters of FY2025 reaching Rs 3.71 billion.
The company attributes this growth to rising demand in the luxury real estate sector and the successful execution of its business strategies.
The company's project, TARC Ishva, has achieved approximately Rs 15 billion in presales to date.
Additionally, TARC has acquired an additional land parcel in Gurugram, further strengthening its portfolio and boosting its potential Gross Development Value.
Amar Sarin, Managing Director and CEO of TARC, expressed pride in consistently achieving four-figure presales numbers, noting that this demonstrates the success of the company's strategy to focus on world-class luxury developments and timely delivery. He highlighted that every challenge faced only strengthened the company鈥檚 resilience, positioning it for continued growth and success.
Sarin also mentioned the recent announcement by Union Minister for Road Transport and Highways, Nitin Gadkari, regarding four strategic highway projects in Delhi. These projects, which are expected to significantly enhance the city鈥檚 connectivity, are likely to unlock substantial opportunities for the company鈥檚 land parcels in Delhi, further supporting growth.
The luxury real estate markets in Delhi and Gurugram are seen as poised for high growth, driven by strong demand, strategic infrastructure developments, and the cities' status as hubs for high-net-worth individuals. With India鈥檚 economy continuing its positive trajectory, the luxury real estate sector is expected to benefit from the rising affluent population. The demand for luxury residences is anticipated to grow alongside the evolving urban landscapes of these cities.
TARC reported pre-sales of Rs 11.65 billion during Q3FY25, bringing its total pre-sales for the first nine months of FY2025 to Rs 24.87 billion, a nearly six-fold year-on-year increase.
Customer collections in Q3 FY2025 amounted to Rs 1.81 billion, with total collections for the first three quarters of FY2025 reaching Rs 3.71 billion.
The company attributes this growth to rising demand in the luxury real estate sector and the successful execution of its business strategies.
The company's project, TARC Ishva, has achieved approximately Rs 15 billion in presales to date.
Additionally, TARC has acquired an additional land parcel in Gurugram, further strengthening its portfolio and boosting its potential Gross Development Value.
Amar Sarin, Managing Director and CEO of TARC, expressed pride in consistently achieving four-figure presales numbers, noting that this demonstrates the success of the company's strategy to focus on world-class luxury developments and timely delivery. He highlighted that every challenge faced only strengthened the company鈥檚 resilience, positioning it for continued growth and success.
Sarin also mentioned the recent announcement by Union Minister for Road Transport and Highways, Nitin Gadkari, regarding four strategic highway projects in Delhi. These projects, which are expected to significantly enhance the city鈥檚 connectivity, are likely to unlock substantial opportunities for the company鈥檚 land parcels in Delhi, further supporting growth.
The luxury real estate markets in Delhi and Gurugram are seen as poised for high growth, driven by strong demand, strategic infrastructure developments, and the cities' status as hubs for high-net-worth individuals. With India鈥檚 economy continuing its positive trajectory, the luxury real estate sector is expected to benefit from the rising affluent population. The demand for luxury residences is anticipated to grow alongside the evolving urban landscapes of these cities.
Next Story
unWOOD transforms plastic waste into durable wood alternative
unWOOD, a breakthrough innovation, is converting hard-to-recycle plastic waste into a durable alternative to natural wood. Developed through a proprietary process called Intelligent Compounding, unWOOD uses a Macro Molecular Fiber Matrix (MMFM) structure to replicate the strength, look, and feel of hardwood鈥攚ithout the environmental cost.Conceptualised by Dr Babu Padmanabhan, the material addresses key flaws in traditional plastic recycling by consuming minimal energy, using zero water, and generating no microplastics. 鈥淎ny application that introduces plastics into areas where it cannot be..
Next Story
India's first AI-integrated campus announced in Noida
Yashoda Hospital and Bhutani Infra have announced plans to develop India鈥檚 first fully AI-integrated mixed-use campus in Greater Noida West. The upcoming project will feature a hospital, retail spaces, offices, SOHOs, serviced apartments, and a hotel鈥攁ll operating within a self-learning, generative AI-powered ecosystem.The AI-first campus will integrate real-time data systems, predictive analytics, and adaptive infrastructure to offer personalised experiences across functions. From AI-enabled footfall tracking and dynamic energy optimisation to smart F&B and retail insights, the develo..
Next Story
Postal Dept Unveils Stamp Honouring 125 Years of Kodaikanal Observatory
The Department of Posts is proud to release a commemorative postage stamp celebrating 125 years of the Kodaikanal Solar Observatory (KSO). Recognising the legacy of the KSO through this special stamp is a fitting tribute to one of India鈥檚 most significant scientific institutions and highlights the nation鈥檚 long-standing contribution to global science.The Commemorative stamp was released by S Rajendra Kumar, Chief Postmaster General, Karnataka Circle in the gracious presence of A S Kiran Kumar, Chairperson, Governing Council, IIA and Former Chairman, ISRO and other esteemed guests at Indian..
