ATS Homekraft, premium homes developer, plans projects worth 4000 crore after closing FY 22 at Rs. 1040 crores

ATS Homekraft

Bangalore, May 2022: ATS Homekraft, headquartered in NCR, has clocked total sales of Rs 1040 crore in the financial year 2021-22. The real estate company is planning expansion nationally and will launch new projects in Sohna, Gurgaon, Powai (Mumbai), Rohini (Delhi), Panipat (Haryana), Panchkula and Ghaziabad with a total investment of approximately INR 4000 crore. The Company has already signed joint development agreements for residential projects in the key micro-markets of Gurgaon, Sohna, NCT Delhi, Panipat and Mumbai, adding around 60 lakh square feet of development potential that will be launched in the coming year.

The company performed exceptionally even when the covid pandemic and subsequent lockdowns had hit the entire housing industry hard. ATS Homekraft, which provides aspirational homes to Indian buyers, launched two projects in the financial year 2021-22 wherein more than 80% of the launched inventory was sold within 2 days. Their first launch during the financial year, Floral Pathways in Ghaziabad, sold 328 residential units during launch. Similarly, their second launch – Pious Orchards in Noida – attracted the home buyers instantly with 194 units getting sold out within hours.

The Company was incepted in 2018 by ATS Group to focus on mid-income housing needs in India and is currently executing 5 projects in the NCR region, with a total built up area of approximately one crore square feet. HomeKraft holds an impeccable track record in terms of quality, construction timelines and customer satisfaction. The other 3 projects of the Company are running much ahead of their promised timelines with 95% sold out.

“Coming out of the pandemic with an altered working environment and a re-realisation that good quality homes have a significantly positive impact on families, we have seen an unrelenting appetite for homeownership and the same was supported by monetary policy last year. We are a developer of aspirational homes for our markets as we focus on catering to the changing needs of consumers and an asset-light strategy, said Mr. Mohit Arora, CEO, ATS Homekraft.

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