Realty company TARC announced Q2FY25 results Presales of Rs 1,012 crore registering -900% YoY growth for Q2FY25. Launched TARC lshva - 1.35 million square feet development in Sector 63A, Gurugram - Total estimated GDV of Rs 2,700 crore. Debt refinancing of Rs 1,000 crore at much lower borrowing cost of 12.75% from upwards of 18%. Amar Sorin, MD & CEO, TARC, said: 'TARC has officially launched its announced pipeline across its three projects, boosting a gross development value of Rs 7,500-8,000 crore. The response from customers has been exceptional, reinforcing its reputation as a leading ultra luxury residential developer in the National Capital Region. While we continue with the sale of our current projects, we are also simultoneously preparing to unveil our next series of luxury residential developments in Delhi and Gurugram in the near future." The lndian real estate market is witnessing a boom fuelled by strong demand and infrastructure developments and with a double dlgit rise in prices as compared with the previous year is poised for continued growth, driven by combination of economic recovery, urbanization and favourable government policies. As wealth accumulation continues, the luxury residential segment remains resilient, with a promising outlook for sustained growth in the coming years. Result PDF