Delhi-based TARC Ltd Launches 'TARC Kailasa' Project
Delhi-based TARC Ltd has launched a super luxury residential project 'TARC Kailasa' in the national capital's Kirti Nagar area.
Located on a 6-acre land, the project comprises four towers with 275 units that have already been sold, and a fifth tower with 110 units that is now up for sale, according to Amar Sarin, MD and CEO of TARC Ltd.
Project Details
- Land area: 6 acres
- Total units: 385 (275 + 110)
- Price range: ₹11-14 crore per unit
- Project area: 17 lakh square feet
TARC Ltd plans to invest ₹1,500 crore in the project, excluding land cost, with ₹250 crore already spent on construction work.
Revenue Expectations
- Total investment: ₹1,500 crore (excluding land cost)
- Construction cost: ₹250 crore (already spent)
- Total revenue: ₹4,500 crore
The project is expected to be completed in March 2030, with TARC Ltd targeting a total revenue of ₹4,500 crore from the project.
Company Performance
TARC Ltd has achieved a sales bookings of ₹1,000 crore in the first nine months of this fiscal and is confident of reaching ₹2,500 crore for the full financial year.
Amar Sarin expressed confidence in the company's launch pipeline for the next financial year, saying the company has a huge land bank in Delhi-NCR property market and plans to gradually launch projects to monetise the value.
Future Plans
- Acquiring more land parcels through outright and joint development arrangements
- Gradually launching projects to monetise the value of the land bank