Hot Pursuit     09-Jan-23
TARC soars after recording sales worth Rs 350 crore for its New Delhi-based residential project
TARC zoomed 5.70% to Rs 43.60 after the company said that it has clocked sales worth Rs 350 crore for its recently launched luxury residential project TARC Tripundra in Delhi.

Located in the surroundings of Pushpanjali Farms on New Delhi's Bijwasan Road, TARC Tripundra has easy access to the lndira Gandhi lnternational Airport, Cyber City and Aerocity. The gated community project with various luxurious amenities has sales potential of around Rs 900 crore, with approximately 5 lakh square feet of saleable area.

Amar Sarin, MD & CEO, TARC, said, "The promising growth of Delhi has transformed it into a buzzing metropolis, offering multiple opportunities in an ever-evolving real estate sector.

Given the stiff economic headwinds the world is experiencing, we are pleased that our launch elicited on extremely positive response from homebuyers and we have closed 2022 on o high note with our sale price appreciating by almost 25%.”

TARC engaged in a premium real estate developer with one of the largest land banks and key land parcels at prime locations in Delhi and the National Capital Region covering residential, hospitality, commercial, retail, warehousing, lT, institutional and mixed-use developments. TARC has augmented its brand equity after recent collaborations with Bain Capital, USA and Blackstone lnc.

The company's consolidated net profit jumped 54.15% to Rs 8.17 crore on a 73.92% rise in sales to Rs 41.67 crore in Q2 FY23 over Q2 FY22.

Previous News
  TARC gains on receiving OC for its Gurugram-based project
 ( Hot Pursuit - 28-Nov-22   14:03 )
  Acuité Ratings reaffirms ratings of TARC with 'stable' outlook
 ( Hot Pursuit - 15-Apr-24   12:17 )
  TARC to hold board meeting
 ( Corporate News - 15-Sep-23   11:07 )
  TARC reports standalone net loss of Rs 175.02 crore in the March 2022 quarter
 ( Results - Announcements 01-Jun-22   16:14 )
  TARC to discuss results
 ( Corporate News - 05-Feb-24   20:01 )
  TARC repays NCDs aggregating Rs 100 cr
 ( Corporate News - 02-Jun-23   11:32 )
  TARC completes sale of its warehousing asset in North Delhi
 ( Corporate News - 06-Sep-21   10:55 )
  TARC standalone net profit declines 13.83% in the March 2021 quarter
 ( Results - Announcements 01-Jul-21   16:57 )
  TARC to hold EGM
 ( Corporate News - 12-Mar-22   11:15 )
  Anant Raj Global renamed as TARC
 ( Corporate News - 20-Apr-21   18:06 )
  TARC reports consolidated net profit of Rs 1.54 crore in the March 2023 quarter
 ( Results - Announcements 31-May-23   11:33 )
Other Stories
  RVNL hits record high on inking MoU with Delhi Metro Rail Corp
  05-Jul-24   11:13
  Kalyan Jewellers reports strong biz update in Q1
  05-Jul-24   11:12
  Macrotech Developers on reports good Q1 update
  05-Jul-24   11:07
  Poonawalla Fincorp posts 5% YoY growth in Q1 FY25 disbursements; AUM at Rs 26,970 crore
  05-Jul-24   11:05
  Volumes soar at New India Assurance Company Ltd counter
  05-Jul-24   11:00
  KDDL rallies as board to mull share buyback on Jul 9
  05-Jul-24   10:43
  UCO Bank gains as total advances jump 18% YoY in Q1 FY25
  05-Jul-24   10:37
  PNB records 8% YoY growth in domestic deposits in Q1 FY25
  05-Jul-24   10:13
  Industrials shares gain
  05-Jul-24   10:00
  Capital Goods stocks edge higher
  05-Jul-24   10:00
Back Top