TARC Ltd has reported pre-sales of Rs 1,165 crore, during Q3FY25 taking the pre-sale to Rs 2,487 crore in the first nine months of FY2025, nearly six-fold year-on-year increase.
Customer collections in Q3 FY2025 reached to Rs 181 crore, bringing the total collections for the first three quarters of the fiscal year to Rs 371 crore.
The company attributes this upward momentum to increasing demand in the luxury real estate sector and the successful execution of its business strategies.
Company’s project TARC Ishva has achieved approximately Rs 1,500 crore in presales till date.
TARC has acquired additional land parcel in Gurugram, further strengthening its portfolio and enhancing its potential Gross Development Value.
“We are proud to consistently achieve four-figure presales numbers, which is a clear indication that our strategy to focus on world class luxury developments an on time delivery has gained significant momentum. Each challenge we face only strengthens our resilience, preparing us for growth and success,” said Amar Sarin, managing director and CEO of TARC Limited.
“With the recent announcement by the Union Minister for Road Transport and Highways, Nitin Gadkari, of four strategic highway projects in Delhi, these infrastructural advancements are poised to significantly enhance the city’s connectivity. The development of these key projects is expected to unlock substantial opportunities for the company’s land parcels in Delhi, further driving growth,” Sarin said.
The luxury real estate markets in Delhi and Gurugram are well-positioned for high growth, fuelled by robust demand, strategic infrastructure developments, and the city’s status as key hubs for high-net-worth individuals.
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 cities’ evolving urban landscapes.
