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 Transport

India’s Maha Kumbh of Road Construction

The RAHSTA Forum 2025, held on June 25 at Courtyard by Marriott, Mumbai, delivered powerful insights and dialogue on the future of India’s roads and highways sector. Organised by the FIRST Construction Council, the Forum served as the curtain-raiser to the much-anticipated RAHSTA Expo 2025, set to take place on 3rd and 4th September at the Jio Convention Centre, Mumbai.Union Minister of Roads Transport & Highways Shri Nitin Gadkari, while appreciating the efforts of FIRST Construction Council and ASAPP Info Global Group, commended the awards which recognise excellence across various..

Next Story
Real Estate

Built to Last, Designed to Impress

The construction and interior design industries stand at the confluence of functionality and aesthetics, where innovation powers the creation of enduring structures and inspiring spaces. At the heart of this process are materials and solutions that enable architects, designers, and builders to realise their visions with precision and reliability.Featuring iconic brands such as Fevicol—synonymous with adhesive solutions—Dr. Fixit, a complete waterproofing system renowned for addressing every critical area of construction, and Roff, a specialist in tile-fixing solutions, Pidilite has earned ..

Next Story
Infrastructure Energy

New Push to Cut India’s Air Pollution through Power Sector Reforms

In a significant stride toward environmental sustainability, Cummins India introduced CPCB IV+ compliant gensets to India on July 5, 2023, marking a paradigm shift in the power generation industry. These generators are engineered to adhere to the progressive emission norms set by the Ministry of Environment, Forest, and Climate Change. Being the first sets in the field, they have garnered praise for their remarkable achievements in emissions reduction and cutting-edge technology. Powerica, with its four-decade-long partnership with Cummins India Limited, is dedicated to consistently deliver th..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?