New Delhi, January 28, 2025 – TARC Limited (NSE: TARC, BSE: 543249) has issued an official clarification stating that it is not engaged in the data center business, refuting recent unverified claims on social media. The company reaffirmed its exclusive luxury real estate development focus, with ongoing and planned projects in New Delhi and Gurugram.
Key Clarifications from TARC
- No Engagement in Data Centers:
- The company categorically denied reports that it is diversifying into the data center business, calling them entirely baseless.
- TARC emphasized its long-term commitment to real estate.
- Ongoing & Upcoming Luxury Residential Projects:
- TARC is currently developing three major luxury residential projects.
- Future expansion includes marquee developments in New Delhi and Gurugram.
Core Principles of TARC's Development Strategy
- Sādhanā: Relentless pursuit of quality and excellence in every project.
- Sadāchār: Commitment to transparency, integrity, and inclusivity.
- Śraddhā: Dedication to sustainability, accountability, and timely project delivery.
Management Commentary
TARC Limited Spokesperson stated:"We want to clarify that TARC focuses solely on high-end residential real estate projects. We remain committed to redefining luxury living in New Delhi and Gurugram with top-tier developments that combine innovation, functionality, and sustainability."
