ATS Homekraft sells 340 flats on Dwarka Expressway for Rs 825 cr
Real Estate

ATS Homekraft sells 340 flats on Dwarka Expressway for Rs 825 cr

Realty firm ATS Homekraft has successfully sold all 340 luxury homes in the first phase of its new project along the Dwarka Expressway in Gurugram for ?825 crore, driven by strong demand from end-user customers.

The project, named 'Sanctuary 105,' was launched earlier this month and has received an overwhelming response, with over 700 expressions of interest from potential buyers. The housing project spans 13 acres and features 334 units.

Udaivir Anand, Managing Director of ATS Homekraft, noted that the company aimed to offer this luxury housing project at an affordable price to target end-users and first-time homebuyers. He highlighted a post-COVID trend in Gurugram, where many new projects have been priced above ?5 crore per apartment, creating a supply gap in the sub-?5 crore category.

The design of the towers includes only two apartments per floor, enhancing privacy and exclusivity. The project will ultimately develop around 750 apartments with a built-up area of 2.3 million square feet and a saleable area exceeding 1.6 million square feet. Additionally, there will be 130,000 square feet of high-street retail space integrated into the development.

Construction has already commenced on the project. ATS Homekraft, a subsidiary of the ATS Group, has HDFC Capital as an equity partner and plans to launch more projects this fiscal year to capitalize on the strong housing demand in major Indian cities.

Vijay Harsh Jha, founder and CEO of Gurugram-based real estate brokerage V S Realtors (I) Pvt Ltd, attributed the quick sell-out of the project to ATS Homekraft’s brand reputation and the competitive pricing compared to other market players.

The parent company, ATS Group, has delivered over 50 million square feet of real estate and currently has 30 million square feet under development across Delhi-NCR, Punjab, and Mumbai.

Realty firm ATS Homekraft has successfully sold all 340 luxury homes in the first phase of its new project along the Dwarka Expressway in Gurugram for ?825 crore, driven by strong demand from end-user customers. The project, named 'Sanctuary 105,' was launched earlier this month and has received an overwhelming response, with over 700 expressions of interest from potential buyers. The housing project spans 13 acres and features 334 units. Udaivir Anand, Managing Director of ATS Homekraft, noted that the company aimed to offer this luxury housing project at an affordable price to target end-users and first-time homebuyers. He highlighted a post-COVID trend in Gurugram, where many new projects have been priced above ?5 crore per apartment, creating a supply gap in the sub-?5 crore category. The design of the towers includes only two apartments per floor, enhancing privacy and exclusivity. The project will ultimately develop around 750 apartments with a built-up area of 2.3 million square feet and a saleable area exceeding 1.6 million square feet. Additionally, there will be 130,000 square feet of high-street retail space integrated into the development. Construction has already commenced on the project. ATS Homekraft, a subsidiary of the ATS Group, has HDFC Capital as an equity partner and plans to launch more projects this fiscal year to capitalize on the strong housing demand in major Indian cities. Vijay Harsh Jha, founder and CEO of Gurugram-based real estate brokerage V S Realtors (I) Pvt Ltd, attributed the quick sell-out of the project to ATS Homekraft’s brand reputation and the competitive pricing compared to other market players. The parent company, ATS Group, has delivered over 50 million square feet of real estate and currently has 30 million square feet under development across Delhi-NCR, Punjab, and Mumbai.

Next Story
Infrastructure Energy

Centre suggests states to list power firms

Power Minister Manohar Lal urged states and union territories to consider listing their power generation, transmission, and distribution companies on stock exchanges to attract investment and improve operational efficiency. Addressing the media, after a conference of power ministers, Lal highlighted the need for increased capital inflows to meet India’s rising power demand, which has placed added strain on the sector. “With the growing power demand, there is a growing need for investment in the sector and improving operational efficiencies. States may identify and take up utilities for lis..

Next Story
Infrastructure Transport

Metro on backburner as Tricity set to get new e-buses circuit

To boost connectivity for the commuters of the Tricity, a new circuit-cum-network of electric buses (e-buses) is all set to come up that will cover Chandigarh, Panchkula, and Mohali. The move comes days after Union Minister for Housing and Urban Affairs Manohar Lal Khattar said that in Chandigarh the ridership is not according to the criteria set for operating a Metro. He had also said that the option of a pod taxi can also be explored as it will not impact the heritage of the Union Territory (UT).Officials stated that the e-buses decision intends to provide an eco-friendly public transportati..

Next Story
Infrastructure Energy

Rajasthan government plans to develop hi-tech city near Jaipur

On the lines of Gujarat International Finance Tech (GIFT) City and Hyderabad Information Technology and Engineering Consultancy (HITEC) City, Raj govt is gearing up to develop a "hi-tech city" close to Jaipur. Recently, Boston Consulting Group – a multinational consulting firm – gave a presentation on the concept of hi-tech cities, follwing which the state govt has started looking for suitable land on outskirts of Jaipur. "We are going to construct a hi-tech city on the outskirts of Jaipur. We are trying to ascertain the amount of land required for core areas of the city and for areas wh..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000