ATS realty gets Rs.120 cr infusion

    Motilal Oswal Real Estate
    In a recent development, Motilal Oswal Real Estate invested Rs.120 crore in ATS Real Estate group housing project in Gurugram. Motilal Oswal Real Estate has committed funds to ATS Infrastructure from its two funds - India Realty Excellence Fund II & III, the company said in a statement that this marks the company's fourth investment in ATS Group in the last three years with a commitment of close to Rs.300 crore. The Rs.120 crore investment will be in ATS Grandstand, a 1.7 million sqft residential development in Gurugram in line with its philosophy of partnering with leading developers in each of the micro markets. ATS has proven strong sales and execution track record in a tough market like Delhi NCR, said Head, Real Estate Fund at Motilal Oswal, Sharad Mittal. On the other hand, CMD, ATS Group, Getamber Anand said that Dwarka Expressway micro-market is at the cusp of getting rerated as it is an opportune time to invest in this market.
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