What is the expected revenue from TARC Ltd's Delhi luxury project?

TARC Ltd is expecting a total revenue of Rs 4,500 crore from its ultra-luxury housing project in Delhi.

When is the TARC Kailasa project expected to be completed?

The TARC Kailasa project is expected to be completed in March 2030.

What is the investment in TARC Ltd's Delhi housing project?

The total investment for the project, excluding land cost, is around Rs 1,500 crore.

Home / Business and Economy / Luxury Delhi Project Eyes Rs 4,500 Cr Revenue

Luxury Delhi Project Eyes Rs 4,500 Cr Revenue

2 Mar

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Summary

TARC Ltd expects Rs 4,500 crore revenue from its Delhi luxury project.
The Kirti Nagar project has launched a fifth tower with 110 units.
Project completion is anticipated by March 2030, with Rs 1,500 crore investment.

Luxury Delhi Project Eyes Rs 4,500 Cr Revenue

Realty firm TARC Ltd anticipates a total revenue of Rs 4,500 crore from its ongoing ultra-luxury housing project in Delhi. The project, named 'TARC Kailasa' and located in Kirti Nagar, spans 6 acres and has already sold approximately 275 units. A fifth tower, featuring 110 units, is now available for sale, with apartments priced between Rs 11 crore and Rs 14 crore. This significant development requires an investment of around Rs 1,500 crore, exclusive of land acquisition costs. TARC Ltd has already invested Rs 250 crore in construction, which is being funded through internal accruals. The entire project is scheduled for completion by March 2030. Earlier this fiscal year, TARC Ltd achieved sales bookings of Rs 1,000 crore in the first nine months and is confident of reaching Rs 2,500 crore for the full financial year. The company possesses a substantial land bank in the Delhi-NCR region and plans to gradually launch new projects and acquire additional land parcels.

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