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
Technology

BBMP Pledges Faster E-Khata Processing Amid Citizen Complaints

Facing mounting complaints over delays in e-khata issuance, the Bruhat Bengaluru Mahanagara Palike (BBMP) has promised to resolve the issue within 10 days. BBMP Chief Commissioner Tushar Giri Nath assured citizens that efforts are underway to expedite processing rates from the current 2,000 to a target of 10,000–15,000 applications daily. "We have cleared 90% of the 90,000 pending applications, leaving only 4,500 to process. To meet the demand, over 800 additional staff and assistant revenue officers (AROs) have been deployed to manage applications in each ward," Nath stated. Persistent Dela..

Next Story
Real Estate

Delhi HC Orders DDA to Assist CBI in Housing Lapses Probe

The Delhi High Court has instructed the Delhi Development Authority (DDA) to fully cooperate with the Central Bureau of Investigation (CBI) in its probe into alleged lapses in the construction of 336 high-rise HIG/MIG houses at Signature View Apartments, north Delhi. Justice Chandra Dhari Singh emphasized that DDA must furnish information about any internal inquiry and the officials involved to facilitate the investigation. The court noted CBI’s submission that DDA had not responded to multiple reminders since July, delaying the probe. The CBI is investigating allegations of "cheating, crimi..

Next Story
Infrastructure Urban

Mahindra Lifespace to Appeal Tamil Nadu GST Tax Demand

Mahindra Lifespace Developers Ltd has announced a tax demand of Rs 20.9 million imposed by the Tamil Nadu GST department, including interest and penalties. The order, issued by the Assistant Commissioner of State Tax, Chengalpattu, cites an alleged shortfall in GST payments under Section 74 of the GST Act, 2017. The realty firm refuted the allegations, stating, “Based on the company's assessment, there is no noncompliance, and a general penalty has been imposed.” The company plans to appeal the order, expressing confidence in a favorable resolution. Mahindra Lifespace assured stakeholders ..

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