ATS Homekraft to develop housing project on Dwarka Expressway

21 Oct 2024 CW Team

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.

Infrastructure Urban

31 Jul 2026

SCLR Extension Nears Completion Linking BKC With Signal-Free Route

The Santacruz-Chembur Link Road (SCLR) extension towards Bandra-Kurla Complex (BKC) via the Mumbai University campus has entered its final stage, bringing motorists closer to a direct, signal-free connection between the Western Express Highway and the city’s commercial district. The elevated connector is being built as an arm from the SCLR alignment and will link the western suburbs with BKC without surface signals. The link is designed to reduce journey times for commuters travelling from the western suburbs to BKC and to improve access to eastern Mumbai. By carrying through traffic above s..

Raiganj MP Seeks Bengal Only Highway Link To Siliguri

Raiganj Member of Parliament Kartik Chandra Paul met Union Minister for Road Transport and Highways Nitin Gadkari in New Delhi to press for a new stretch of national highway in North Dinajpur district. He urged approval for a Bengal-to-Bengal link that would connect National Highways 12 and 27 to allow vehicles bound for Siliguri to avoid the current route through Kishanganj in neighbouring Bihar. He also submitted a proposed alignment of the new road to the ministry for consideration. At present vehicles from Raiganj travel along NH-12 and join NH-27 at Purnia More in Dalkhola, a route that p..

Airport Kilambakkam Metro Line To Be Extended To Chengalpattu

Chennai Metro Rail (CMRL) has invited tenders for two detailed project reports that would extend its rail network to Chengalpattu in the south and extend Corridor-5 to Wimco Nagar in the north as part of a second wave of expansion beyond the operator's corridors under construction. The move signals an acceleration of planning for suburban links and interchange nodes. The larger of the two studies covers a roughly 27km extension from the planned Kilambakkam metro station to Chengalpattu under Corridor-1, Phase I. CMRL floated the tender at an estimated cost of Rs 21.6 mn. The proposed line woul..