TARC, a prominent luxury real estate developer based in the National Capital Region (NCR), is gearing up for a strategic expansion in the Delhi and Gurugram markets during the financial year 2026-27. The company aims to enhance its presence in these established regions through phased launches within its ongoing projects. According to Amar Sarin, the Chief Executive Officer and Managing Director of TARC, the focus will be on deepening their understanding of buyer profiles in these micro-markets rather than pursuing indiscriminate growth. This targeted approach is intended to build momentum for developments that are already underway.
Currently, TARC has three significant projects in progress, collectively valued at ₹9,000 crore. These include high-profile developments such as Tripundra and Kailasa in Delhi, as well as Ishva in Gurugram. The company anticipates the handover process for Tripundra to commence shortly, while further enhancements are planned for Ishva, including the introduction of a new tower. In parallel, TARC is advancing its Kailasa project according to established construction milestones and necessary approvals.
TARC has indicated that the second phase of the Ishva project is scheduled for launch in the fourth quarter of FY26, with a sales potential that has grown to approximately ₹3,600 crore, reflecting a notable 33 percent increase. Additionally, one of the luxury towers in Kailasa has recently been released for sale, garnering a positive response from the market. Sarin estimates that this development could generate revenue in excess of ₹4,000 crore, contingent on final pricing and market absorption rates.
The company’s optimism is bolstered by sustained demand in the luxury and ultra-luxury segments, especially in well-connected areas of West Delhi. The consistent price appreciation seen since the project's launch in January 2024 reinforces their confidence in market dynamics. TARC has also projected robust cash flows and inventory monetization, estimating a total of approximately ₹7,500 crore over the next four years, with new launches expected to contribute similarly to potential sales value. TARC has experienced a significant increase in revenue, reporting a 267 percent rise in operational revenue for the December quarter of FY26, amounting to ₹34.37 crore, up from ₹9 crore the previous year. Furthermore, the company has narrowed its net loss attributable to equity holders to ₹21.02 crore from ₹28.67 crore in the same quarter last year, indicating improved financial health and operational efficiency as they move forward with their expansion plans.