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TARC Expects Rs 2,000 Crore Revenue From Next Phase of Its Two Projects
Realty developer TARC Ltd is expecting Rs 2,000 crore revenue from the next phase of its two projects – Ishva and Kailasa, Amar Sarin, managing director and CEO of the company told ET.The developer has reported pre-sales of Rs 1,165 crore, during Q3FY25 taking the pre-sale to Rs 2,487 crore in the first nine months of FY2025, nearly six-fold year-on-year increase.The success of TARC Ishva and TARC Kailasa is a testament to the growing demand for our thoughtfully designed luxury residences. The unveiling of last towers marks another milestone in mission towards redefining uber luxury living experiences and developing differentiated luxury homes proposition,” Sarin said.The company has about 800,000 sq ft area for sale in the two projects.TARC has acquired an additional land parcel in Gurugram, further strengthening its portfolio and enhancing its potential Gross Development Value.The luxury real estate markets in Delhi and Gurugram are well-positioned for high growth, fuelled by robust demand, strategic infrastructure developments, and the city’s status as key hubs for high-net-worth individuals.As India’s economy continues its positive trajectory, the luxury real estate sector is set to benefit from a growing affluent population. The demand for luxury residences is expected to rise alongside the cities’ evolving urban landscapesTARC Limited had raised Rs 1,000 crore from a consortium of domestic banks and financial institutions led by Kotak Mahindra Bank.The majority of the funds, raised at 12.75% interest, will be used for refinancing of its existing debt along with Rs 250 crore additional working capital facility to be available on call.The consortium included institutions such as Nomura Capital, Aditya Birla Capital and STCI.The company is investing Rs 1,200 crore in developing TARCKailasa, a luxury residential project in western Delhi’s Kirti Nagar.It will develop 1.7 million sq ft under this project and is expecting Rs 4,000 crore revenue from it.TARC Kailasa is spread on a 6-acre land parcel and will have five high-rise towers designed by Andy Fisher Workshop of Singapore. The company has appointed Arabian Construction Company as its construction contractor, considering their expertise in high-rise constructions and the large number of delivered projects across India and the UAE.
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Gurugram’s Realty Market Sees Record ₹88,000-Cr Investment in 2024: RERA
The Gurugram housing market witnessed unprecedented growth in 2024, with investments of Rs 88,000 crore in newly launched real estate projects, according to an internal review report by Haryana Real Estate Regulatory Authority (RERA), Gurugram. DLF’s Dahlias The Gurugram housing market witnessed unprecedented growth in 2024, with investments of Rs 88,000 crore in newly launched real estate projects, according to an internal review report by Haryana Real Estate Regulatory Authority (RERA), Gurugram.
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Housing Prices Rise 10% Across 8 Cities, Delhi-NCR Tops List
Real Estate in India: Average housing prices across the top eight markets in India witnessed a 10% YoY rise during the quarter ended on December 31, 2024. Average housing prices across the top eight markets in India witnessed a 10% YoY rise during the quarter ended on December 31, 2024. According to a report by CREDAI-Colliers-Liases Foras, the price appreciation was evident in all the eight major cities, with Delhi NCR witnessing the highest rise at 31% YoY growth, followed by Bengaluru at 23% YoY rise during Q4 2024. On the other hand, the affordable housing segment will continue to form the bulk of housing sales, demand within luxury and ultra-luxury segments can amplify further in 2025. Traction in these segments is likely to drive average housing prices upwards across most major residential markets of the country in the next few quarters.
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Signature Global Awards Rs 567 Crore Contract for Its Luxury Residential Project ‘Daxin Vistas’ in Gurugram
Realty major Signature Global (India) Limited has awarded Rs 567.37 crore contract to two reputed construction firms for the construction of its luxury residential project in Gurugram...
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What is Smart Home Automation? Benefits, Applications And Future Trends
Have you ever wondered if your home can be more than just bricks and cement? What if it could adjust its settings intuitively as you need? Imagine a scenario where your home wakes up with you–blinds opening, coffee brewing, perfect shower temperature. This is what smart home automation looks like. Isn’t it amazing? It is more than just having a bunch of gadgets decked up in your living space. A symphony of sensors, algorithms and connectivity work behind the scenes to make the magic happen. In this article, you’ll learn about home automation, how it works and its key benefits. Read on to discover the popular applications, challenges, and trends. Discover how to automate your home for modern living.
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Commercial Property: What It Is & How to Invest in 2025
Have you wondered where business owners set up their stores or offices? It is on commercial properties! From high-rise IT parks to shopping malls and complexes, you can find plenty of examples around. While a residential property provides space for living, a commercial property offers working space and helps generate revenue for the owner. Isn’t it a great investment opportunity? Let us find out answers starting with exactly what is commercial real estate. Keep reading to understand the types, risks and challenges involved, how to get started and the options to consider.
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Hidden Costs of Buying an Apartment in 2025
Picture this- you find your dream apartment and decide to buy it. You plan the budget taking the apartment’s price, your income, savings and expenses into account. Just about closing the deal, a series of unknown costs unfold. Instead of envisioning a happy future in the new flat, you suddenly find yourself dealing with a fiscal tug-of-war. It may end up in a budget overrun or rework of your choice. Wouldn’t your plan be failproof if you knew the hidden cost of flat ownership? Every homebuyer desires to have clear insights for a hassle-free purchase. If you are planning to buy an apartment in 2025 and want to avoid a last-minute budget crunch, then this article is for you. Keep reading to learn the different subtle expenses that contribute to the final closing payment of an apartment. Some are inevitable costs that homebuyers often overlook or assume to be part of the upfront cost. Foreseeing them helps you make an informed decision. With a smart, wise plan, you can enjoy a worry-free ticket to your dream home, keeping your budget sound.
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