TARC Limited has informed the Exchange regarding a press release dated March 19, 2026, titled "TARC Unveils Ishvara at TARC Ishva".
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TARC Limited has launched a new phase called 'Ishvara' at its luxury residential project TARC Ishva in Sector 63A, Gurugram, following RERA approval for the additional phase. The company expanded the development through a strategic acquisition of an adjoining land parcel, taking the total project area to over 9 acres. The project now comprises six towers with 518 residences and a total development footprint of nearly 1.7 million sq. ft., with an estimated Gross Development Value (GDV) of ₹3,600 crore. The development features dual entry access via 84-metre and 24-metre-wide roads and is strategically located on Golf Course Extension Road. Management indicated this launch marks the beginning of a broader development pipeline at significantly larger scale.
This expansion strengthens TARC's project pipeline and revenue visibility with a substantial ₹3,600 crore GDV addition, reinforcing its position in the luxury residential segment. The successful land acquisition and RERA approval signal execution capability, potentially supporting investor confidence, though the actual revenue recognition will be spread over multiple years as construction and sales progress.