Listed realty firm TARC Ltd is expecting a total revenue of around ₹4,500 crore from its ongoing ultra-luxury housing project in Delhi, according to company officials. The project, launched in 2024 as 'TARC Kailasa', is spread over 6 acres of land at Kirti Nagar in the national capital. As reported by The Economic Times, the company has sold around 275 units across four towers and is now launching a fifth tower comprising 110 units for sale. The project is being developed amid strong demand and limited supply conditions in the luxury housing segment.
The newly launched tower will feature apartments priced in the range of ₹11-14 crore per unit. According to TARC MD and CEO Amar Sarin, the company will develop 17 lakh square feet area in this project. The total investment would be around ₹1,500 crore, excluding land cost, with the company having already invested around ₹250 crore on this project. The construction cost will be met through internal accruals, as reported by The Economic Times.
The project is expected to be completed in March 2030. As reported by The Economic Times, TARC Ltd is developing this project after demolishing a shopping mall on this land parcel. The construction work is currently underway, with the company expressing confidence in achieving the projected revenue figures despite the substantial investment requirements.
On the overall company's performance this fiscal, Sarin said TARC Ltd has achieved sales bookings of ₹977 crore in the first nine months of this fiscal and expressed confidence that the number would reach ₹2,500 crore for the full financial year. According to The Economic Times, this performance comes amid a broader surge in the real estate sector, with India's five major listed real estate firms achieving combined sales bookings of ₹84,000 crore during April-December 2025-26, representing a 20% increase from the previous year. The growth is primarily driven by strong demand for luxury homes, with housing sales showing value appreciation post-COVID pandemic.
Sarin indicated that the company is looking to acquire more land parcels, through both outright and joint development arrangements with land owners. As reported by The Economic Times, this expansion strategy aligns with TARC's goal to gradually launch projects to monetise the value of its substantial land bank in the Delhi-NCR region, positioning the company well in the current favorable market conditions for luxury real estate development.
