Explore Business Standard
Associate Sponsors
Co-sponsor
Listed realty firm TARC Ltd is expecting a total revenue of around Rs 4,500 crore from its ongoing ultra-luxury housing project in the national capital amid strong demand and limited supply, a top company official said. Delhi-based TARC Ltd had in 2024 launched a super luxury residential project 'TARC Kailasa', spread over 6 acre land, at Kirti Nagar in the national capital. "We have sold around 275 units across four towers and are now launching a fifth tower comprising 110 units for sale," TARC MD and CEO Amar Sarin said. The company will sell apartments in the price range of Rs 11-14 crore per unit in the newly launched tower. Sarin said the company would develop 17 lakh square feet area in this project. Asked about the project cost, Sarin said the total investment would be around Rs 1,500 crore, excluding land cost. "The construction work is undergoing. We have already invested around Rs 250 crore on this project," he added. The construction cost would be met through interna
India's five major listed real estate firms' sales bookings rose 20 per cent to nearly Rs 84,000 crore in the first nine months of this fiscal, driven mainly by strong demand for luxury homes. According to the data compiled from regulatory filings, the total combined sales bookings or pre-sales of 28 major listed realtors stood at Rs 1,32,569 crore during April-December period of 2025-26 financial year, driven mainly by strong demand for premium and luxury homes. Out of this, the five major listed players -- Godrej Properties, Prestige Estates Projects Ltd, DLF Ltd, Lodha Developers Ltd and Signature Global Ltd -- contributed 63 per cent to the total pre-sales. Mumbai-based Godrej Properties Ltd clocked highest sales bookings at Rs 24,008 crore in the first nine months of this fiscal, followed by Bengaluru-based Prestige Estates at Rs 22,327.3 crore. Delhi-NCR based DLF Ltd, the country's biggest realty firm in terms of market capitalisation, stood at the third position, with ...
The CEO of a real estate company has been arrested here for allegedly duping several lawyers of Rs 6 crore on the pretext of investing their money in a project that he claimed would give good returns, police said on Sunday. The accused, Puneet Beriwala (62), CEO of Vipul Limited and resident of Gurugram's Sector 42, was arrested on Friday. A court sent him to two-day police custody on Saturday, police said. In a complaint filed on October 1 last year, some lawyers alleged that they invested Rs 6 crore in Vipul Limited in 2024 for a project after Beriwala promised them good returns. However, after receiving the money, Beriwala stopped responding. Despite repeated requests, he did not return the money, the complaint stated. In August last year, the complainants had staged a protest outside V Club here, raising slogans and demanding strict action against Beriwala. Based on the complaint, an FIR was registered at Shivaji Nagar police station against Beriwala and his associates, Sunil