TARC Limited has informed the Exchange about Granting of licenses/ regulatory approvals
TARC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
TARC Limited has received an addendum to its existing RERA registration from the Haryana Real Estate Regulatory Authority for its luxury group housing project 'TARC ISHVA' in Sector 63A, Gurugram. The addendum increases the total development area from 6.95 acres to 9.1405 acres, a rise of about 2.19 acres (roughly 31% more area). The original registration was dated September 4, 2024, and the new approval is valid until September 1, 2027. With this approval, TARC can now sell, transfer, or advertise the expanded project. The company has stated this will strengthen its brand value and positively impact financial performance.
This is a positive development for shareholders as it materially expands the saleable area of a luxury housing project, which could translate into higher revenue potential and stronger bookings. Investors should watch for updated sales and revenue guidance from the company in upcoming quarters.