Ideally South Delhi is unrivalled exclusivity and privacy but time and again there are instances when the narrative of opulence changes and this seems to be happening now. Leading this transformation is TARC Limited, a Delhi-based luxury real estate company. The company recently announced the launch of one of 'TARC Kailasa,' a 1.7 million square feet project spread across 6 acres of prime real estate. Designed by acclaimed Singapore-based architectural firm, Andy Fisher Workshop, the project will consist of 411 units across five high-rise towers, offering 3.5 and 4.5 BHK apartments.
A precise concoction of luxury functionality each unit spans 3440 sqft and 4246 sqft. The apartments are priced between Rs 28,000-29,000 per square foot. In its official release, the company stated that it selected Arabian Construction Company as its construction contractor based on their proficiency in high-rise construction and their extensive track record of successfully delivering numerous projects across India and the United Arab Emirates (UAE).
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Project Overview
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TARC Kailasa
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Number of Units
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418
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Towers
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5
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Storeys
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35
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Potential Revenue
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Over Rs 4,000 crore
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Unit Distribution
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3 BHK: 40% of units, 4 BHK: 60% of units
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Project Development Cost
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Rs 1,200 Crores
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Unit Sizes
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i) 3440 sq ft, ii) 4246 sq ft
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Approximate Unit Prices
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3 BHK: Rs 9 Crores (BSP), 4 BHK: Rs 12 Crores (BSP)
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Given the price band of the project it is essential to understand the fundamentals of the company behind it, TARC Limited. The company possesses fully-paid land parcels and built-up assets within the municipal limits of New Delhi, covering an expansive area of over 300 acres. Additionally, the company holds land parcels in Gurugram, along with holdings in Manesar and Greater Noida, resulting in a total land ownership surpassing 550 acres of prime real estate. Backed by global private investment firm Bain Capital, which has infused Rs 1,330 crore through non-convertible debentures (NCDs), TARC Limited sets itself apart with a strategic approach, aiming to repay NCDs through internal revenue generation, showcasing financial stability and self-reliance. The investment by a firm such as Bain Capital also demonstrates the quality of projects and land bank in the company.
'TARC Kailasa' represents a financial spectacle with a projected revenue exceeding Rs 4,000 crore. Adding to the brilliance of the project is its extensive set of amenities which includes a clubhouse exuding exclusivity, a gymnasium tailored for fitness enthusiasts, a crystalline swimming pool, a children's play area resonating with joy, and water bodies infusing a dash of tranquillity. But more importantly it also epitomises luxury with peace of mind, the project adheres to all RERA regulations (RERA number: DLRERA2023P0017). Upon completion, the project in Kirti Nagar will not only establish itself as a residence but also emerge as a promising investment with the potential for substantial returns, leaving a significant impact on this prominent locale.