ATS Group introduces a project management consultancy Nirman
ATS Group established a project management consultancy Nirman by ATS to help developers in completing stalled projects. The company revealed that it invested Rs 5 crore as seed investment toward this intellectual property (IP). The company aims to restore the ailing real estate sector and increase consumer demand. The consultancy aims to acquire more than 18 delayed projects under commercial and residential segments within the next five years. To revive these projects, Nirman by ATS has invested in building a platform by on-boarding domain experts to restore under sales, construction and collection stalled projects. Under the pan-India initiative, Nirman by ATS would supervise, oversee, and control the entire delivery experience of these projects. At present, Nirman by ATS is helping projects based in the National Capital Region (NCR). Getamber Anand, CMD, ATS Infrastructure Ltd, told the media that one of the major difficulties the real estate sector face is finishing delayed projects, majorly trapped because of the prevailing liquidity crunch. He said completing stalled projects and fast-tracking deliveries would instil positive sentiment among home buyers and every other stakeholder. Anand said that they are looking forward to giving assistance to eight projects in the first year and more than 18 projects over the next five years. He informed that they delivered over 500 apartments in the previous two years. Since the outbreak of the Covid-19 pandemic, almost every developer has encountered various difficulties. By this platform, ATS Group would assist give solutions to the existing developers and help them manage challenges that they face in the completion of real estate projects. Image Source
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