TARC has successfully completed the sale of its warehousing asset in North Delhi to BREP Asia II EIP Holding (NQ) Pte, an affiliate of funds controlled, managed and/or advised by Blackstone lnc, (BREP) for a total consideration of Rs 295 crore, in a move which is aligned to TARC'S strategy of maintaining focus on core development projects to unlock much higher value through its strategic and key land parcels in New Delhi. This is in line with making TARC a debt free company, develop its huge land bank as well as look for new developments in the National Capital Region.
TARC is one of the largest real estate developers in India.
