TARC the luxury real estate developer embarks on profitability aims to triple its revenue

TARC’s three luxury projects aim to deliver GDV of Rs 5,500

30 lakh sq ft to develop in next year

BILKULONLINE

Ahmedabad, July 6:  TARC (The Anant Raj Corporation) is a credible name in the luxury real estate development industry in the national capital.

TARC Chairman, Anil Sarin founded the business over four decades ago. Under his leadership, the company grew to become one of the largest real estate development companies and land bank holders in the New Delhi Metropolitan Area.

CA Pardeep Aggarwal, advisor of the TARC Company was in Ahmedabad and shared his views with the media. Amar Sarin is the MD and CEO of the Group while Muskaan Sarin is the whole time director of the company.

Through the years, he has assiduously built a team of experienced professionals and a corporate culture that are TARC’s greatest competencies. He has been responsible for navigating the company’s growth path and developing its synergized integrated business model. He fosters debate and encourages an entrepreneurship culture in the organisation.

Aggarwal said “We stay true to our purpose of curating living spaces for the health and happiness of communities. This means designing an ecosystem where relationships are nurtured and enhanced.

We have built our culture and capabilities around continuously evolving consumer tastes and aspirations. It is here, through our unwavering commitment, that we are able to bring boundless urban living to life.

A mindset of curiosity and continuous learning inspires us to discover the impossible and solve big for our customers. A culture of seeking the new, innovating and re-imagining enables TARC to remain agile and nimble while navigating the intricacies of real estate development through the life cycle of projects.

We value our people and respect the interdependencies of the business enterprises in today’s global ecosystem while pursuing and establishing strong relationships with our collaborators and partners”.

TARC Group offers best location and excellent construction which they claim to be the best available and can be asked for by any luxurious demanding buyers. Location of the projects built by TARC are nearer to the airport, surrounded by green and clean environment and having best of living facilities for residential buyers and commercial ones both.

 TARC Limited (NSE: TARC, BSE: 543249) to its credit has impressive performance of Rs 520 crores in sales value achieves with its net profit at Rs 20 crores in 2023.It has made a payment of Rs.88 crores, out of which Rs 57 crores has been towards redemption of principle amount of NCDs.

TARC Tripundara achieved healthy booking numbers and also witnessed a sharp rise, explains Aggarwal who insists that the total value of over Rs 900 crore which is significantly higher than the earlier contemplated value of Rs 650 crores.

Company has a strong cash flow of Rs 250 crores including compensation received from the Government for land acquisition. It is determined to 30 lakh sq ft to develop in the coming year.