Real Estate News: ATS Homekraft, a real estate company known for luxurious commercial and residential projects, has sold residential plots worth Rs 1200 crore within 15 days of a new project launch near the upcoming Noida International Airport, Jewar.
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According to a company statement, ATS Homekraft has sold around 400 residential plots in its new 63-acre plotted project ‘Province D Olympia’ on Yamuna Expressway.
“We have launched first phase of a 63-acre project comprising around 400 plots. We received a tremendous response from the customers and all plots have been sold out. The company received expression of interests (EOIs) from around 1,000 customers. he total sale bookings value for the first phase is Rs 1,200 crore,” Udaivir Anand, MD, ATS Group, said, adding that plots were sold in a price range of Rs 2 to 4 crore.
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Anand added that the company will launch the second phase of the project comprising around 200 plots at a later stage.
The project is part of a large 100-acre township, with 35 per cent of green area. In this township, ATS has already developed and handed over a group housing project ‘ATS Allure’ with over 1,100 apartments.
Going forward, Anand said the company plans to develop serviced apartments and high street retail project in this township.
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Talking about the overall ATS Group, Anand said, “We have completed and delivered over 4,000 homes across Noida, Gurugram and Chandigarh in the last 30 months.” He added that the company is focusing on completing ongoing projects, payment of land dues and reduction of bank loans.
Anand said the company will be launching more housing projects in Delhi-NCR in the next fiscal to monetise its land bank. He said the housing demand continues to be strong.
In October, ATS Homekraft sold entire around 340 luxury homes in first phase of its project ‘Sanctuary 105’ on Dwarka Expressway, Gurugram for Rs 825 crore. The second phase will be launched this year comprising around 400 flats.
