The real estate firm ATS recently launched a new venture HomeKraft to develop mid-income and affordable housing projects at an investment of Rs 2,000 crore over the next five years to build about 6,500 units across major cities. Affordable housing has gained an added momentum on the back of interest subsidy offered by the government and lower GST rates. HomeKraft will develop homes of size ranging from 950 sqft to 1,600 sqft where the size of the flat is lower than 1,600 sqft and will be offered to customers, said chairman and founder Getamber Anand, who is also the chairman of realtors' body CREDAI. He further added that the company has already entered into joint development agreements with land owners for four projects covering 10 million sqft of saleable area. CEO, HomeKraft's, Prasoon Chauhan said that the company plans to develop about 6,500 units over the next 3-5 years with expected sales revenue of Rs 4,000-5,000 crore. The investment in the project would be through internal accruals, debt and private equity funds. The company is building on the legacy of ATS, which is synonymous with quality construction and timely delivery and moreover, in HomeKraft it is also designing every apartment with maximum space efficiency and integrated utilities to full fill the housing needs in the affordable segment.
📅Published on:
24 March 2018
🔗Share:
We Value Your Comment
⭐How useful is this information?
Submitting...
03
Thanks for your rating! ✌️ We’d love to hear more - share your thoughts by leaving a comment
Allcargo Logistics Limited has announced its initiative to enable FMCG companies to navigate increasingly fragmented inventory flows through integrated,
GHV Infra Projects Limited has secured a road construction and civil works contract worth Rs 815 crore from APCO Infratech Private Limited in Maharashtra.
JCB India announced the inauguration of a new facility of its dealer, Caculo Earthmovers in Karaswada, North Goa, further strengthening its presence in the
The Godhra–Vadodara section of the Delhi–Mumbai Expressway has been completed and opened for traffic on a trial basis from April 13, 2026, according to the
The Rajasthan State Industrial Development and Investment Corporation will invest Rs 1,200 crore to upgrade infrastructure across more than 450 industrial
Dubai has completed its first air taxi station near Dubai International Airport, marking a major step toward launching electric air mobility services later
Informa Markets in India is gearing up to host the 23rd edition of Roof India, Asia’s premier exhibition for roofing and allied products, from 23–25 April 2026
NBM Media
30+ years of reporting on infrastructure, construction, architecture, & real estate across print, digital, and social media.
