ATS Homekraft to develop housing project on Dwarka Expressway
Real Estate

ATS Homekraft to develop housing project on Dwarka Expressway

Realty firm ATS Homekraft plans to invest ?1,300 crore to develop a luxury housing project on the Dwarka Expressway in Gurugram, capitalizing on strong demand for residential properties. As part of its expansion, the company has launched the premium residential project 'Sanctuary 105,' which spans 13 acres and includes approximately 700 apartments.

In the first phase, ATS Homekraft has sold around 340 luxury homes for ?825 crore. Udaivir Anand, Managing Director of ATS Homekraft, stated that the project is designed to target end-users and first-time homebuyers by offering luxury living at more affordable rates.

The project will comprise around 750 apartments, with a built-up area of 23 lakh square feet and a saleable area exceeding 16 lakh square feet. The total investment of ?1,300 crore includes land costs and will be funded through internal accruals.

Post-COVID, the Gurugram market has seen a surge in new projects priced above ?5 crore per apartment, while supply in the sub-?5 crore bracket has been limited. Anand emphasized that this project aims to fill that gap.

Additionally, the company plans to develop 1.3 lakh square feet of high-street retail space within the project. Construction has already commenced.

ATS Homekraft is a housing venture under the ATS Group and has HDFC Capital as an equity partner. Anand indicated that the company will launch more projects this fiscal year to meet strong housing demand across major Indian cities.

The ATS Group has delivered over 5 crore (50 million) square feet to date and has an additional 3 crore square feet under development in Delhi-NCR, Punjab, and Mumbai.

Realty firm ATS Homekraft plans to invest ?1,300 crore to develop a luxury housing project on the Dwarka Expressway in Gurugram, capitalizing on strong demand for residential properties. As part of its expansion, the company has launched the premium residential project 'Sanctuary 105,' which spans 13 acres and includes approximately 700 apartments. In the first phase, ATS Homekraft has sold around 340 luxury homes for ?825 crore. Udaivir Anand, Managing Director of ATS Homekraft, stated that the project is designed to target end-users and first-time homebuyers by offering luxury living at more affordable rates. The project will comprise around 750 apartments, with a built-up area of 23 lakh square feet and a saleable area exceeding 16 lakh square feet. The total investment of ?1,300 crore includes land costs and will be funded through internal accruals. Post-COVID, the Gurugram market has seen a surge in new projects priced above ?5 crore per apartment, while supply in the sub-?5 crore bracket has been limited. Anand emphasized that this project aims to fill that gap. Additionally, the company plans to develop 1.3 lakh square feet of high-street retail space within the project. Construction has already commenced. ATS Homekraft is a housing venture under the ATS Group and has HDFC Capital as an equity partner. Anand indicated that the company will launch more projects this fiscal year to meet strong housing demand across major Indian cities. The ATS Group has delivered over 5 crore (50 million) square feet to date and has an additional 3 crore square feet under development in Delhi-NCR, Punjab, and Mumbai.

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

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