TARC Limited Receives RERA Addendum for TARC ISHVA, Expanding Development Area to 9.14 Acres
TARC Limited received an addendum to its RERA registration for the TARC ISHVA project in Gurugram. The development area has been expanded to 9.1405 acres from 6.95 acres. This approval allows for project sales and advertising, expected to boost brand value and financial performance.
The increase in development area and the ability to proceed with sales and advertising are significant positive developments for the project and the company's financial outlook.
The RERA addendum enhances the development area, which is expected to positively impact the company's brand value and financial performance.
TARC Limited has received an addendum to its existing Registration Certificate from the Haryana Real Estate Regulatory Authority, Gurugram, for its luxury group housing development, "TARC ISHVA," located in Sector 63A, Gurugram.
This addendum increases the total development area to 9.1405 acres, from the previously registered 6.95 acres. The original registration certificate was dated September 4, 2024. This approval is crucial as it enables the company to sell, transfer, or advertise the project, thereby strengthening its brand value and positively impacting financial performance.
The company has provided details as required under Regulation 30 of SEBI Listing Regulations, confirming that the license has not been withdrawn, cancelled, or suspended. The current registration is valid until September 11, 2024.
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