TARC Limited , a New Delhi-based luxury residential real estate developer, reported strong financial performance for the quarter ended June 30. Total income surged to ₹295.37 crore from ₹9.63 crore in the corresponding quarter last year, while the company achieved a net profit of ₹54.09 crore compared to a loss of ₹30.53 crore in the same period last year.

Financial Highlights

Operational Performance

• Cash Inflow: The company recorded total cash inflow of ₹455.91 crore from project sales and land acquisition receipts.
• Project Progress: TARC has applied for the Occupancy Certificate for its TARC Tripundra project ahead of schedule and plans to commence deliveries this year.
• Regulatory Approval: The company received regulatory approval for a key land parcel in Delhi.

Management Commentary

Mr. Amar Sarin, Managing Director & CEO of TARC Limited, highlighted the improved profitability supported by strong cash inflows. He noted that the company is well-positioned to accelerate its launch pipeline in the luxury residential market.

Market Outlook and Future Strategy

TARC is strategically positioned to capitalize on the growing demand in India's luxury housing segment. The company's expanding portfolio in New Delhi and Gurugram, coupled with its focus on quality and execution, ensures it remains a preferred choice among discerning homebuyers.

As TARC Limited continues to focus on developing luxurious residential projects in New Delhi and Gurugram, it aims to redefine urban living and solidify its position as a leader in the residential real estate sector.

TARC Limited has announced a significant milestone in its real estate development portfolio. The company's wholly-owned subsidiary, Fabulous Builders Limited, has successfully obtained the Real Estate Regulatory Authority (RERA) registration for its upcoming project, 'TARC Trigun'.

Project Details

The 'TARC Trigun' project, located in Chattarpur, New Delhi, is set to be a development of high-rise luxury residential service apartments. The project has been registered under the RERA Project Registration number DLRERA2025P0013, as confirmed by the Real Estate Regulatory Authority (RERA) of the National Capital Territory of Delhi.

Regulatory Compliance

This RERA registration marks a crucial step for TARC Limited, as it signifies the project's compliance with real estate regulations. RERA registration is mandatory for real estate projects in India and is designed to protect homebuyers' interests while promoting transparency in the real estate sector.

Company Statement

In a regulatory filing, Amit Narayan, Company Secretary of TARC Limited, stated, "We are pleased to inform that Fabulous Builders Limited, a wholly owned subsidiary company of TARC Limited has obtained Registration Certificate for the Project 'TARC Trigun' located at Chattarpur, New Delhi for the Development of High Rise Luxury Residential Service Apartments."

Implications for TARC Limited

The RERA registration for 'TARC Trigun' allows TARC Limited to proceed with the development and marketing of the project. This approval is expected to bolster the company's position in the luxury real estate market of New Delhi, potentially contributing to its future growth and revenue streams.

Market Response

Investors and stakeholders will likely view this development positively, as it demonstrates TARC's commitment to regulatory compliance and its ability to move forward with significant projects in prime locations.

As the real estate market continues to evolve, particularly in the luxury segment, TARC's latest project could be a key factor in the company's performance in the coming quarters. Stakeholders will be watching closely to see how 'TARC Trigun' progresses and its potential impact on the company's overall business strategy.