TARC Limited (formerly known as Anant Raj Global Limited) is a wholly owned subsidiary of Anant Raj Limited. The Company was incorporated in 2016. The Company changed the name from `Anant Raj Global Limited` to `TARC Limited` with effect from April 19, 2021. The company is engaged in the business of development of Residential Projects, Hotels, Branded and Service Apartments and Warehouses in the State of Delhi and NCR.
The Company operates in the real estate sector based in Delhi NCR. The Company has evolved from a Construction Company to becoming one of the largest real estate development companies and land bank holders in New Delhi and National Capital Region. The Company is now engaged in the development of various asset classes.
The Company is a Real Estate centric organization and the top leadership and other members of the Company are hardcore Real Estate professionals who possess knowledge of real estate be it land acquisition and aggregation, state of the art building processes, funding of projects, design development before sales and marketing of assets.
The Company chose to focus primarily on developments in New Delhi, where it is one of the largest private land owners. The Company has land parcels and built-up assets inside the municipal limits of New Delhi which constitute over 350 acres of fully paid-up land. Additionally, the Company owns land parcels in Gurugram, Manesar and Greater Noida where the land holding exceed 250 acres of prime land. As a policy, the Company from time to time evaluates potential of assets over the foreseeable future.
TARC MACEO is a residential group housing project situated at Sector 91, Gurugram spread over 15.57 acres land comprising of premium 2, 3 & 4 Bedroom Apartments and Penthouses in 16 towers. The Company has sold over 95% of inventory and 400 families have already moved in their apartments. The Company as well commenced new residential project within the municipal limits of Delhi at Rajokri Aerocity. The Company is developing premium residential projects in Central West Delhi, Hauz Khas in South Delhi and Golf Course Extension Road in Gurugram besides other projects that are presently in planning stage at some of Company`s other land parcels.
TARC Premier- Rajokri Residences is a project located in the New Delhi Aerocity Zone in South Delhi, and spread over 2.95 acres fully paid up land. The construction on the above project is commenced and to be completed in the financial year 2024-25 to be developed as a high end residential project comprising 190 units of 3&4 BHK specifications along with 40 EWS CSP units having ultramodern amenities and facilities. This project has a contemporary international design and architecture, curated amenity blocks and recreation zones along with high quality project specifications .
TARC Residential, 63A, Gurugram is a project located in Gurugram`s Golf Course Extension Area spread over 6.95 acre fully paid up land. This project is proposed to commence in the financial year 2021-22 and to be completed in the financial year 2024-25 to be developed as a gated community of Low rise Housing of 3 BHK floors and plots designed community spaces, open areas with modern amenities and outdoor & indoor recreational spaces.
TARC, Hauz Khas is a project located on the main Aurobindo Road in South Delhi spread over 2.39 acres fully paid up land. This project is proposed to commence in the financial year 2022-23 and to be completed by the financial year 2024-25 to be developed as 36 ultra-luxurious independent floors with more than 6,000 sq feet area each having global design and architecture, exclusive recreation and sporting amenities, concierge and valet services.
TARC Central West Delhi High End Residential is a project located on a metro station spread over approximately 6.13 acres land. This project is proposed to commence in the financial year 2022-23 and to be completed by the financial year 2026-27 to be developed as a new age high end luxury residential project of over 500 units having modern amenities with outdoor & indoor recreational spaces.
TARC Lakeview is a Multiplex cum Retail project, located near Sanjay Lake in East Delhi having 6 screen Multiplex, Quality retail offerings and Cafes & restaurants having built-up area of approx. 1 lac sq. feet on a plot area of 4,000 sq. mt. fully paid up land in an advanced stage of construction.
TARC Warehouses is a project located in North Delhi and spread over 8 acres fully paid land . This project is proposed to commence in the financial year 2022-23 with a total constructible area of approximately 2.75 lac sq. ft.
TARC Greater Noida is a project located in Greater Noida on the Eastern Peripheral Expressway and in proximity to the upcoming Jewar Airport which is proposed to commence in the financial year 2022-23 with a constructible area of approximately 5 lac sq. ft. for assembly Warehousing/Data Center.
TARC-Green Retreat, New Delhi is a project located on NH 8 on the New Delhi-Gurugram Expressway in the Aerocity area in very close proximity of the New Delhi International Airport on one side and Gurugram Cyber City on the other, spread over 7.23 acres land owned by the Company which is proposed to be commence in the financial year 2022-23.
The Company has multiple sanctioned hospitality land parcels best suited for the development of Serviced apartments and Hospitality in New Delhi. The Company is developing a build-to-suit (BTS) facility in North Delhi, suitable for major e-commerce entities. The Company has land parcels in Haryana & Greater Noida where final approvals are awaited. There is a growing demand for Grade A office space in New Delhi and is much sought after by discerning global tenants. The Company have appropriate skill-sets and experience for development of Grade A office spaces and over 5,00,000 sq. ft. office space at hospitality sites for development in future.
The Company was able to succeed in obtaining approvals for 1.5 million sq. ft. warehousing facilities at its warehousing assets in North Delhi. The Company successfully completed 2 of its land parcels located in New Delhi by way of sale to global international fund, BREP Asia II EIP Holding (NQ) Pte. Limited, an affiliate of funds controlled, managed and/or advised by Blackstone Inc. (BREP) for a total consideration of Rs. 295 Crores.
The Company has multiple sanctioned hospitality land parcels best suited for the development of Serviced apartments and Hospitality in. New Delhi. The Company possesses appropriate experience for this segment of real estate as it has successfully built multiple hotels. TARC Limited is developing a build-to-suit (BTS) facility in North Delhi, suitable for major e-commerce entities. The Company also has land parcels in Haryana & Greater Noida where final approvals are awaited.
The Company selected the digital platform route to enhance and introduce brand to the larger ecosystem and customer audience in the NCR region. The Company created digital assets and launched new website which took the lead in communicating holistically the values, strengths, approach and emerging developments. It increased the showcasing of properties through digital means, reducing turnaround time and improving decision making. The other digital assets were curated to communicate its value enhancing strategy with the Company`s target audience. The Company widened reach through digital platforms like Facebook, LinkedIn and Instagram. The Company is investing deeper search engine optimization on Google to increase customer access.
The construction activities at one of the Company`s Residential Group Housing Project, named `Madelia` in Sector M-1A, Manesar, Gurugram, Haryana, assigned to Company upon demerger were suspended consequent upon pending litigation at the Hon`ble Supreme Court of India. On March 12, 2018, the Hon`ble Supreme Court of India has pronounced an Order in the matter requiring the Company to file its claim for the subject Project before the Office of the Haryana State Industrial and Infrastructure Development Corporation Limited (HSIIDC).
During the year 2021, the Composite Scheme of Arrangement between Anant Raj Agencies Private Limited, Anant Raj Limited and Anant Raj Global Limited- now renamed as TARC Limited (the Company) and their respective shareholders and creditors had been approved by the National Company Law Tribunal, Chandigarh Bench, Chandigarh (NCLT) vide its Order dated August 24, 2020. The Appointed Date for the Scheme was September 30, 2018. Pursuant to the aforesaid Scheme, 29,50,96,335 equity shares of Rs. 2/- each were allotted to the Shareholders of Anant Raj Limited (Transferor Company) on October 8, 2020, replacing the existing Paid-Up Capital of the Company amounting to Rs. 5,00,000/- divided into 2,50,000 Equity Shares of Rs. 2/- each. The said Equity Shares were listed and admitted to trading on BSE Limited (BSE) and National Stock Exchange of India Limited (NSE) with effect from December 18, 2020.
During the year 2021, TARC Buildtech Private Limited, TARC Estates Private Limited and TARC Properties Private Limited were incorporated as wholly owned subsidiaries of the Company.
During the year 2021, the Company introduced a new ERP function to enhance data clarity, save time and enhance people productivity. It launched a new software, which enhanced systemic contemporariness. It intensified digital campaigns during the course of the year, helping to minimize print media and promotional costs.
The Company intend in ensuring timely execution of projects through partnerships with well- established architects to minimize design-related delays and working with contractors with a credible track record related to superior execution. The Company intend to engage with reputed companies to manage their properties in an efficient and cost-effective manner. It engages with globally reputed architects, planners, construction managers and international property consultants for development in projects.