Realty developer Tarc Ltd reports 200% growth in pre-sales
Tarc Ltd, has reported Rs 1,612 crore pre-sales in FY 23-24, a 200% growth from previous year as demand for luxury real estate state continued.
The company also achieved its highest annual collection to date, reaching Rs 415 crore.
The fourth quarter of FY2023-24 witnessed exceptional sales, with TARC Limited recording sales amounting to Rs 1,281 crore. This staggering growth of over 600% on a year-on-year basis can be attributed largely to the success of the recently launched project, TARC Kailasa, located in New Delhi.
TARC Tripundra project by the company is nearing completion, with finishing works in progress while construction work for TARC Kailasa has commenced, with Arabian Construction Company (ACC) appointed as the EPC contractor.
The company is set to launch another prover in sector 63A, Gurgaon with the sample apartment, experience center, and sales gallery ready at the site.
“TARC Kailasa project played a huge role in strengthening the company's brand positioning and we are confident in surpassing the presales forecast of Rs 5,000 crore for FY2024-25,” said Amar Sarin, CEO & MD of TARC Limited.
Presently, the company is focused on the development of luxurious residential projects in New Delhi and Gurugram.
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