TARC Limited Introduces TARC Tripundra Luxury Housing
TARC Ltd. has launched TARC Tripundra, a luxury residential project. Nestled in the scenic and posh surroundings of Pushpanjali Farms on New Delhi's main Bijwasan Road. TARC Tripundra enjoys seamless connectivity to the Indira Gandhi International Airport and Aerocity, and is conveniently located within easy driving distance of commercial and social hubs across Delhi-NCR.
The premium project offers 3 and 4-BHK homes starting at INR 45 million. Among other things, the gated township is notable for its expansive Delhi green view, 7D security, indoor heated pool, terrace area with an open air theatre, star-view facility, and meditation deck.
Among the amenities are green view, 7D security, an indoor heated pool, a terrace area with an open air theatre, a star-view facility, and a meditation deck.
TARC Tripundra will offer an electric vehicle charging station, water conservation and rainwater harvesting systems, solar panels, air filtration, and waste management systems.
This project is expected to generate sales of around Rs 1,000 crore for the company. In this project, the company is selling apartments for Rs 17,500 per square foot. Apartments start at Rs 4 crore and go up from there. TARC Ltd raised Rs 1,330 crore in secured long-term non-convertible debentures from private equity firm Bain Capital in May.
The company used some of the funding to pay down debt, and some of the funding will be used for construction and the creation of a land bank.
TARC Ltd sold a warehousing asset in North Delhi to global investment firm Blackstone in September last year for Rs 295 crore. Over the next year, the company plans to launch 4-5 housing projects. The company also has a land bank for commercial projects. TARC Ltd was formed in 2020 as a result of a demerger with the publicly traded Anant Raj Ltd.
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