TARC Ishva sits on Golf Course Extension Road in Sector 63A, on a stretch of Gurugram that has gone from an ₹8,000-odd-per-square-foot afterthought a decade ago to one of the city’s most contested ultra-luxury corridors. It is developed by TARC Limited (the entity most buyers still know by its earlier name, Anant Raj Global), and it is one of the newest entrants in a sector that already has DLF The Arbour, Sobha Crescent, Godrej Verano and Birla Navya competing for the same wealthy buyer. This guide lays out what is actually confirmed about TARC Ishva as of August 2026 — the RERA position, the pricing, the design philosophy, the construction status — and where the honest gaps are.
TARC Ishva was launched in August 2024 as an ultra-luxury residential development of 3.5 BHK and 4.5 BHK apartments spread across high-rise towers. What started as a roughly 6.95-acre, five-tower project has since grown: a RERA addendum expanded the land parcel to 9.1405 acres, and in March 2026 TARC unveiled “Ishvara,” described as the final phase of the development, taking the project to six towers and 518 residences across an estimated 1.7 million square feet of built-up area, with a project-wide Gross Development Value (GDV) of roughly ₹3,600 crore. Construction is underway; the project is not ready to move, and possession is currently guided for October 2029 (some marketing collateral says September 2029 — treat this as approximate until TARC’s own construction-status updates confirm the exact quarter).
The project’s core design idea — repeated across every builder listing and independently verified across multiple sources — is the “four-side open” residence: apartments designed so that all four sides face open space rather than another tower or a shared wall, aided by private lift lobbies and a low-density, one-or-two-apartment-per-floor layout on the G+40 towers. Whether that translates into a meaningfully better living experience than the podium-and-tower stacks common on this stretch of GCER is something we address later in this guide, alongside the honest trade-offs of buying into a project that, as of this writing, has roughly three years left before handover.
| Attribute | Details |
|---|---|
| Developer | TARC Limited (formerly Anant Raj Global Limited) |
| Project Name | TARC Ishva (final phase marketed as “Ishvara”) |
| Location | Sector 63A, Golf Course Extension Road / SPR belt, Gurugram |
| Property Type | Ultra-luxury high-rise apartments |
| Configurations | 3.5 BHK (~2,850–2,950 sq ft) and 4.5 BHK (~3,800–3,900 sq ft) |
| Land Parcel | Approx. 9.14 acres (expanded from an original ~6.95 acres via RERA addendum) |
| Towers / Units | 6 towers (G+40), approx. 518 residences project-wide |
| Launch Date | August 2024 (original phase); Ishvara phase unveiled March 2026 |
| Construction Status | Under construction |
| Possession | Guided for October 2029 (verify exact date with TARC / RERA QPR before booking) |
| RERA Registration | RC/REP/HARERA/GGM/865/597/2024/92 (verify current status and any addenda on haryanarera.gov.in) |
| Price Range (Indicative) | Approx. ₹5.84 Cr to ₹9.32 Cr+, depending on configuration and floor |
| Price per Sq Ft (Indicative) | Approx. ₹20,700–21,500 per sq ft as of recent listings |
| Payment Plan | 20:5 construction-linked-style plan reported by channel partners (confirm current plan with TARC) |
Pricing, plan terms and possession timelines above are as reported by property portals and TARC’s sales channels at the time of writing. They are indicative and subject to change — always confirm current figures directly with TARC or a Gurgaon Floors advisor before making any commitment.
TARC Limited is the real estate arm that emerged from the Anant Raj Group lineage, and buyers researching the company will find its listed identity was earlier known as Anant Raj Global Limited before being rebranded as TARC. This matters for due diligence: when checking corporate filings, stock history, or credit ratings, both names surface, and a buyer should be comfortable that they refer to the same entity behind Ishva.
TARC’s residential portfolio is still young relative to Gurugram’s established players like DLF or Sobha, but the company has moved quickly. Its flagship Delhi project, TARC Kailasa in Kirti Nagar — a 4.5-acre “handcrafted living” development — reportedly sold out its first tower within three months of launch and carries a possession target around 2026. TARC Tripundra, also in Delhi, is another premium residential bet from the same stable. TARC Ishva in Gurugram is the company’s most ambitious Gurugram play to date, and its expansion from five towers to six with the Ishvara launch in March 2026 signals the developer is actively scaling this specific address rather than treating it as a one-off.
On financial strength, TARC’s FY26 results show a company in the middle of a turnaround rather than one with a long, stable earnings history. Total income for FY26 rose sharply to roughly ₹671.78 crore from about ₹38.89 crore a year earlier, driven largely by revenue recognition kicking in on TARC Tripundra, and the company posted a profit after tax of about ₹19.03 crore against a loss of roughly ₹231.29 crore in FY25. That is a real improvement, but it also means the company’s profitability track record is short — this is not a developer with a decade of consistent, boring profit statements behind it. Independent credit agency Infomerics reaffirmed TARC’s NCD rating at IVRBBB with a “rating watch with negative implications” (RWNI) outlook as of May 2026, which buyers should read as: investment-grade-adjacent but not without flagged risk, and worth checking again closer to your own booking decision.
None of this means TARC cannot deliver Ishva on schedule — many developers with young balance sheets deliver well, and many with decades of history have delayed projects. But buyers should weigh TARC’s brand newness and financial trajectory as a genuine factor in the risk profile of this purchase, distinct from established Sector 63A players like DLF or Sobha with multi-decade delivery records.
It is also worth noting that the broader Anant Raj lineage TARC emerged from has historically had exposure to commercial real estate, IT parks, and more recently data-centre infrastructure — a diversified base that is different from a pure-play residential developer like Sobha or a diversified but residential-heavy player like DLF. Whether that diversification is a strength (deeper balance sheet to draw on) or a distraction (management attention split across sectors) is a matter of perspective, but it is a distinct capital structure from most of TARC Ishva’s direct residential competitors, and buyers doing deeper diligence should look at the group’s consolidated financial disclosures rather than TARC Limited’s residential-only numbers in isolation.
On brand positioning, TARC has clearly chosen to compete on design language and amenity scale rather than on decades of delivered square footage — the “four-side open,” loom-inspired clubhouse, and dual-entry masterplan are all attempts to differentiate against neighbours with longer track records but, in some cases, more conventional stacked-tower layouts. Buyers should treat this as a genuine design bet worth evaluating on its own merits, not as a substitute for the delivery-history comfort that an DLF, Sobha, or M3M purchase would otherwise provide.
Sector 63A sits on the Golf Course Extension Road corridor, also referred to as the Southern Peripheral Road (SPR) belt in parts of its stretch, in the arc of Gurugram that has absorbed most of the city’s post-2015 luxury supply. It is flanked by Sector 63, Sector 65, and Sector 66, and it borders some of the more mature parts of New Gurgaon while still being close enough to DLF Phase 5’s Golf Course Road addresses to benefit from that area’s established retail, schooling, and hospital infrastructure.
The micro-market around TARC Ishva has, in the space of roughly five years, filled up with comparable ultra-luxury launches — Godrej Verano, Sobha Crescent, DLF The Arbour, and Birla Navya’s independent-floor township are all within the same few kilometres. This concentration is double-edged: it validates the location as a genuine luxury address (developers do not cluster launches in weak micro-markets), but it also means TARC Ishva will be judged, unit for unit, against very well-capitalised, better-known neighbours from day one.
Lifestyle positioning here leans toward young and mid-career professionals working in Cyber Hub, Udyog Vihar, or the Golf Course Road commercial belt who want a shorter commute than Gurgaon’s older sectors or Delhi NCR’s outer suburbs offer, alongside NRI and diaspora buyers treating Sector 63A as a long-horizon India anchor property.
TARC Ishva’s marketing leans heavily on the site’s dual road frontage — the Ishvara phase specifically highlights entry via an 84-metre-wide road and a 24-metre-wide road, which if delivered as planned would meaningfully ease congestion at the project gates compared with older single-entry towers nearby.
| Destination | Approximate Distance / Time |
|---|---|
| DLF Cyber City / Cyber Hub | Approx. 10 minutes by road (SPR/Golf Course Extension Road link) |
| Golf Course Road (DLF Phase 5) | Approx. 15–20 minutes |
| Golf Course Extension Road / SPR | Immediate — the project fronts this corridor |
| Dwarka Expressway | Approx. 20–25 minutes via NH-48 link roads |
| Sohna Road | Approx. 20 minutes |
| NH-48 | Approx. 15–20 minutes |
| IGI Airport | Approx. 22 km / 25–30 minutes depending on traffic |
| Rapid Metro (Sector 55-56 station) | Nearest operational metro connectivity in the vicinity |
| Gurgaon Railway Station | Approx. 16 km |
| New Delhi | Approx. 35–45 minutes depending on the route and traffic |
The honest caveat on connectivity: none of Sector 63A has a metro station directly within walking distance today. Rapid Metro’s Sector 55-56 stop is the closest, and residents will depend on cars or cabs for daily commuting regardless of how good the internal road network is. Buyers who prioritise metro-adjacent living should weigh this before committing.
Across its expanded 9.14-acre footprint, TARC Ishva is planned as six G+40 high-rise towers arranged to preserve the “four-side open” promise for the majority of units, which necessarily means lower floor-plate density than a typical podium development on a comparable plot. TARC’s own materials describe roughly 1.18 lakh square feet dedicated to the clubhouse alone — a large allocation relative to the total site size, suggesting significant weight has gone into shared amenity space versus additional saleable tower footprint. The masterplan includes dedicated visitor parking provisions, landscaped internal roads, and the dual-entry design carried through from the Ishvara phase across the wider project. Green and open space commitments are marketed prominently, though exact percentage figures for open-to-total-land ratio were not independently verifiable at the time of writing — buyers should request the sanctioned layout plan from TARC directly for this figure rather than relying on brochure copy.
The phased nature of the masterplan — an original five-tower launch in August 2024 followed by the Ishvara sixth-tower addition in March 2026 — is itself a data point worth understanding before booking. Phased launches are common in Indian residential development and are not inherently a red flag, but they do mean that early buyers into the original five towers and later buyers into Ishvara are, in effect, buying into two different constructions of the same masterplan, filed under the same base RERA registration with an addendum. Buyers should ask specifically which tower and phase their unit falls under, and confirm that the shared amenities (particularly the large clubhouse) are contractually guaranteed to be delivered across both phases on the timeline promised, rather than assuming this by default.
TARC Ishva offers two broad configuration bands, both pitched at large-format ultra-luxury buyers rather than compact urban apartments:
| Configuration | Approx. Size | Approx. Starting Price | Best Suited For |
|---|---|---|---|
| 3.5 BHK | 2,850–2,950 sq ft | ₹5.84 Cr – ₹6.86 Cr+ | Small families wanting large-format luxury without the largest footprint |
| 4.5 BHK | 3,800–3,900 sq ft | ₹9.32 Cr+ | Larger families, multi-generational households, and buyers wanting maximum floor area |
Both configurations are marketed as one (or at most two) apartments per floor with a private lift lobby — a layout efficiency choice that trades unit density for privacy. Reported design features include wide balconies, four-side-open orientation for cross-ventilation and natural light, and generous utility areas; independent, unit-level verification of servant-room counts, exact ceiling heights, and storage allocation was not available from public sources at the time of writing, and prospective buyers should request the RERA-approved floor plans directly from TARC before booking, since brochure floor plans and RERA-filed plans occasionally differ in fine detail.
The clubhouse is the standout element of TARC Ishva’s amenity pitch — at roughly 1.18 lakh square feet, it is described by the builder as a “loom”-inspired, four-tiered structure:
Beyond the clubhouse, TARC’s marketing lists a golf simulator, a private theatre, a temperature-controlled swimming pool separate from the indoor wellness pool, a cricket pitch, a sports bar, indoor and outdoor games areas, a kids’ play area, and ample visitor parking. Security is pitched as five-tier, with smart-card access, round-the-clock personnel, intercom facilities, and building-wide fire alarm systems. Smart-home automation is referenced across TARC’s collateral, though the specific bundled features (lighting, climate, access control) at a per-unit level were not independently confirmed and should be verified in the buyer agreement rather than assumed from marketing language. EV charging and dedicated pet zones were not explicitly confirmed in available materials — ask your TARC sales point of contact directly if these matter to your decision.
TARC Ishva’s towers are built to G+40 height, which requires serious structural and MEP engineering discipline regardless of developer track record — this is not a low-rise or mid-rise product. The four-side-open design philosophy, if executed as marketed, implies a facade with more glazing and fewer shared party walls than typical stacked towers, which can improve light and ventilation but also raises the bar on facade engineering and thermal performance in Gurugram’s hot summers. VRV (Variable Refrigerant Volume) air conditioning is cited in amenity listings, which is a reasonably premium HVAC choice for a residential project of this scale. As with most under-construction ultra-luxury projects at this stage, third-party verification of actual build quality, material specifications, and finish standards is not possible until the project is substantially complete — buyers should visit the site, inspect any show-flat or sample unit, and request the technical specification annexure from the builder agreement rather than relying solely on marketing renders.
Current listing prices for TARC Ishva cluster around ₹20,700–21,500 per square foot, translating to roughly ₹5.84 crore at the entry 3.5 BHK size and ₹9.32 crore and above for the larger 4.5 BHK units, before Preferential Location Charges (PLC), GST, registration, and other statutory costs are added. This places TARC Ishva at the upper end of the Sector 63A pricing band — broadly comparable to, and in some cases above, resale quotes on established Sector 63/63A projects, despite TARC Ishva itself still being years from possession. That pricing gap is worth sitting with: buyers are being asked to pay resale-adjacent rates for a project that carries pre-possession construction risk, which is a materially different risk-reward trade than buying an equivalent resale unit in a completed, ready-to-move tower nearby.
The reported 20:5 payment plan structure (confirm the exact current version with TARC, as builders frequently revise these) suggests a construction-linked-adjacent schedule rather than a full down-payment model, which somewhat mitigates — but does not eliminate — the capital-lock-in risk typical of a five-year-plus construction runway. All pricing in this guide should be treated as indicative and time-stamped to when it was gathered; luxury pricing on this corridor has moved meaningfully year over year, and quotes should always be reconfirmed directly with TARC or a Gurgaon Floors advisor before any commitment.
TARC Ishva launched in August 2024 into a Sector 63A market that had already appreciated substantially — the broader Golf Course Extension Road corridor moved from roughly ₹8,800 per square foot in 2019 to over ₹20,000 per square foot by 2024, an extraordinary five-year run driven by infrastructure delivery, brand launches, and NCR-wide luxury demand. TARC Ishva effectively launched at a price point already reflecting that appreciation rather than at an early-mover discount, which is consistent with its status as a later entrant to an already-established luxury corridor rather than a pioneer project.
Since launch, publicly available data on TARC Ishva’s own resale or secondary-market price movement is thin — this is typical for a project still several years from possession, where meaningful secondary-market price discovery has not yet begun. The March 2026 Ishvara phase launch, at an expanded scale and with an implied project-wide GDV of roughly ₹3,600 crore, suggests the developer sees continued pricing power in the corridor, but that is a developer’s own commercial judgment rather than independently audited market data. Prospective buyers should treat any specific “X% appreciation since launch” claim from a sales channel with scepticism unless it is backed by comparable registered transaction data, which is not yet abundant for this specific project.
The Golf Course Extension Road corridor, including Sector 63A, is generally quoted at rental yields around 3–4%, which counts as reasonably strong by Gurugram residential standards, though still modest in absolute terms compared with commercial or REIT-style yields. Reported rents on comparable 3BHK product in the belt range widely — from roughly ₹45,000–90,000 a month for standard product up to ₹1.5–3 lakh a month for the most premium furnished options — reflecting the wide spread of building quality and furnishing standards across the corridor’s various towers.
For TARC Ishva specifically, no meaningful rental market exists yet since the project is under construction and years from possession; any rental yield projection for this specific address is necessarily an estimate based on the surrounding corridor’s performance rather than a track record of Ishva’s own tenancies. Tenant demand on this stretch skews toward relocating corporate executives, NRI families keeping a base in Gurugram, and senior professionals working in the nearby commercial hubs — a profile that tends to prefer well-maintained, professionally managed buildings, which places some weight on how well TARC executes facility management once the project is handed over.
Furnished versus unfurnished positioning matters more at the top of this price band than it does further down the market: a large-format 4.5 BHK aimed at a relocating executive family or a diplomatic posting typically commands a meaningfully higher rent when delivered fully furnished with a managed-services layer, compared with a bare-shell unit left to the tenant to fit out. Investors specifically targeting the rental market at TARC Ishva should budget for this furnishing and management overhead in their yield calculations rather than assuming the bare unfurnished yield figures quoted for the corridor will apply automatically to a furnished, professionally leased unit.
TARC Ishva’s investment case rests on three pillars: the strength of the Sector 63A micro-market (well-established, high demand, multiple large developers active), the scarcity value of large-format four-side-open units in a market that is increasingly building compact, high-density towers, and TARC’s own growth trajectory as it scales its Gurugram footprint. Against these, the honest risks are TARC’s relatively short profitable-operations history, the roughly three-year runway to possession (with the usual execution and delay risk that implies for any under-construction luxury project), and pricing that already sits at or above several established, better-track-recorded neighbours.
Capital appreciation potential over the holding period to possession and beyond is reasonably supported by the corridor’s historical performance, though buyers should not assume the 2019–2024 rate of appreciation on Golf Course Extension Road will repeat identically for 2024–2029 — that earlier run was driven partly by the corridor moving from an emerging to an established address, a transition TARC Ishva itself is now riding on the back of rather than driving. Exit liquidity for a project like this typically improves meaningfully only after possession and a track record of resale transactions are established, so investors with shorter time horizons (under five years) should weigh this illiquidity carefully.
For a family actually planning to live at TARC Ishva, the appeal is straightforward: large floor plates, a genuinely extensive clubhouse, a location within a reasonable commute of Cyber Hub, and the four-side-open design promise of better light and privacy than typical stacked towers. Families with school-age children will find established schooling options in the wider Golf Course Road / Sector 63-66 belt, though — as with the rest of this corridor — daily convenience for groceries, casual dining, and everyday errands is still catching up to the pace of residential launches, and residents on this stretch commonly rely on cars for even short trips. Traffic on Golf Course Extension Road during peak commute hours remains a genuine daily friction point that no amount of clubhouse square footage resolves.
Is TARC Ishva worth investing in? For an investor comfortable with construction-stage risk on a relatively young developer, in exchange for large-format inventory in an established luxury corridor, the answer can reasonably be yes — provided the entry price is negotiated carefully given how close current quotes already sit to resale rates on completed neighbouring projects. Investors uncomfortable with pre-possession risk, or specifically seeking a developer with a multi-decade uninterrupted delivery record, may be better served looking at completed or near-completion inventory in the same micro-market instead. Ideal holding period, given the ~2029 possession target, realistically extends to 2031–2032 to allow both construction completion and initial resale-market maturation before an exit is attempted.
| Project | Sector | Status | Indicative Price/Sq Ft | Configuration Range |
|---|---|---|---|---|
| TARC Ishva | 63A | Under construction (poss. ~2029) | ₹20,700–21,500 | 3.5–4.5 BHK, ~2,850–3,900 sq ft |
| Godrej Verano | 63A | Registered, pre-launch/early sales | ~₹27,490 (channel partner quote, Aug 2026) | 3–5 BHK+Study, ~2,300–4,000 sq ft |
| DLF The Arbour | 63 | Sold out pre-launch; resale active | ~₹20,000–31,000 (resale) | 3–4 BHK, DLF-standard large formats |
| Sobha Crescent | 63A | Registered, resale-only currently; possession ~March 2030 | Comparable to Arbour/Verano band | Large-format apartments |
Set against these neighbours, TARC Ishva currently prices below Godrej Verano’s latest channel-partner quotes and within the broad band DLF The Arbour and Sobha Crescent occupy, while offering a later possession date than Arbour and a comparable one to Sobha Crescent. Its differentiator is the four-side-open, low-density design and the unusually large clubhouse allocation; its disadvantage is brand seniority — DLF and Sobha carry decades of Gurugram delivery history that TARC, as a newer entrant to large-scale Gurugram residential, has not yet built.
| Category | Examples Commonly Cited in the Area | Approx. Distance / Time |
|---|---|---|
| Schools | The Heritage School, DPS International, St. Xavier High School | 10–20 minutes |
| Hospitals | Artemis Hospital, Fortis Hospital, Medanta – The Medicity, Paras Health, CK Birla Hospital | 15–25 minutes |
| Malls | Worldmark Gurgaon, Ardee Mall, M3M Cosmopolitan, M3M 65th Avenue, Good Earth City Centre, AIPL Joy Street | 10–20 minutes |
| Office Hubs | DLF Cyber City, Cyber Hub, Udyog Vihar | 10–20 minutes |
| Hotels | Golf Course Road / Cyber Hub hospitality cluster | 15–20 minutes |
| Entertainment | Cyber Hub F&B and multiplex cluster, mall-based multiplexes on GCER | ~15 minutes |
| Parks / Open Spaces | Sector-level neighbourhood parks along GCER; Aravalli-facing views from upper floors | On-site to 10 minutes |
These are institutions and retail addresses commonly cited by property portals and residents’ guides as serving the Sector 63A / Golf Course Extension Road belt broadly, rather than distances independently measured from TARC Ishva’s exact plot. Buyers should confirm precise drive times from the specific tower and floor they are considering, since traffic patterns and signal timings on GCER can meaningfully change actual commute times versus straight-line distance.
Investors comfortable with construction-stage risk, seeking large-format inventory in an established corridor at a price still somewhat below the newest launches, may find TARC Ishva reasonable — provided they negotiate entry pricing and independently verify RERA and construction-progress status before committing. Families planning to live in the unit long-term should weigh the genuine amenity and space advantages against the three-year wait and TARC’s shorter delivery history. Luxury buyers chasing brand pedigree above all else may prefer DLF or Sobha’s established addresses nearby. NRIs treating this as a long-horizon India anchor property should factor in the extended possession timeline against their own return-to-India plans. Corporate executives relocating for a Cyber Hub-adjacent role may find the location genuinely convenient but should rent nearby completed inventory while Ishva is under construction rather than wait for a unit that will not be ready for years. First-time luxury buyers should be especially careful here: this is a large financial commitment to a still-developing brand, and independent legal and RERA due diligence is non-negotiable before any booking amount changes hands.
TARC Ishva is a genuinely ambitious ultra-luxury bet on one of Gurugram’s most competitive corridors, backed by a developer that is still proving itself at this scale. The clubhouse offering and four-side-open design are real differentiators, and the large unit sizes stand out in a market increasingly building smaller. But the honest picture is one of a project priced close to established, better-track-recorded neighbours, from a developer with a shorter profitable history and a credit outlook that still carries a flagged risk watch, with roughly three years of construction risk still ahead before any resident moves in. For end users with a long time horizon and genuine enthusiasm for the design philosophy, it can be a legitimate choice. For risk-averse investors purely chasing the safest bet in Sector 63A, the more established names in this same guide’s comparison table deserve equal, unbiased consideration before a decision is made.
If TARC Ishva or another Sector 63A address fits what you are looking for, Gurgaon Floors can walk you through current verified inventory, arrange a site visit, and connect you with an advisor who can help you weigh this project honestly against its neighbours. Reach out via our Contact page or write to us at gurgaonfloors63@gmail.com to start the conversation.