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

Ore Transit Halt Causes Rs 20 Mn Daily Loss, says Mining Association

The Pakistan Bureau of Statistics (PBS) reported an extraordinary 850 per cent surge in gas prices over the past four months. The Goa Mineral Ore Exporters' Association (GMOEA) stated on Wednesday that continuous disruptions in transporting iron ore from Vedanta Sesa Goa's Bicholim mine block are causing daily losses of nearly Rs 20 million. According to GMOEA secretary Glenn Kalavampara, villagers' "unreasonable demands" are having detrimental financial and reputational effects.The GMOEA emphasized that the government bears responsibility for addressing these concerns, as it had auctione..

Next Story
Infrastructure Energy

Pakistan Hit by Staggering 850% Gas Price Hike Amid Soaring Inflation

The Pakistan Bureau of Statistics (PBS) reported an extraordinary 850% surge in gas prices over the past four months. During a session of the National Assembly chaired by Deputy Speaker Ghulam Mustafa Shah, detailed data on the rising costs of essential commodities were presented. The PBS highlighted that sugar prices had increased by 53.5 per cent, while palm oil prices rose by 61 per cent over the past five years. Additionally, soybean oil, wheat, and crude oil experienced a 35 per cent price hike during the same period. The PBS attributed the overall inflation to the rising c..

Next Story
Infrastructure Energy

Iranian Oil Minister Appointed as OPEC President

Iranian Oil Minister Mohsen Paknejad has been chosen as the rotating president of the Organization of the Petroleum Exporting Countries (OPEC) for 2025. OPEC announced the election of its upcoming president in a press release on its website and expressed gratitude to Marcel Abeke, Gabon's minister of petroleum, for his leadership as the organisation's president in 2024. This announcement was reported by Xinhua news agency, citing Iran's official news agency, IRNA. IRNA reported that Paknejad expressed his dedication to leveraging all his capabilities to ensure the organisation's cons..

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