ATS Homekraft enters Mumbai, located in the National Capital Region of India. According to its CEO, it has secured collaborative development agreements to enter real estate property in Mumbai, Delhi, and Gurgaon markets and grow in Noida.
ATS Homekraft, a leading global manufacturer of modular homes, has announced its plans to expand its presence in India. The company is launching three new factories in India over the next three years.
ATS Homekraft project:
It will double the company’s manufacturing capacity in India from 8,000 homes annually to 16,000 homes per year. The company also plans to invest Rs 4,000 crore in Gurgaon, Delhi, and Mumbai projects.
According to reports, the corporation expects to invest over Rs 4,000 crore in these projects, which will begin in 2022-23 and have a total development potential of 6 million sq. ft.”Our goal is to deliver the best product to market as quickly as possible.” All of the agreements have been completed, and we intend to begin projects in six different locations.
Last year, HDFC Capital Advisors, HDFC’s wholly-owned private equity arm, invested Rs 400 crore in ATS Homekraft and retained a minority share.
The business will begin work on projects in Noida’s Sector 150, the Yamuna Expressway near the new Jewar airport, Sohna, and the Dwarka Expressway in Gurgaon, Rohini in Delhi Powai in Mumbai in the current financial year.
In addition, the organization is looking toward developing in tier-2 cities; you can buy luxurious flats in Mumbai. “While ATS caters to the higher crust, ATS Homekraft will target a younger demographic, with smaller apartment sizes to keep costs down.” In the NCR, we’re focusing on planned development this year.
The business has signed a collaborative development deal to create 1.5 million square feet on 10 acres of property in Noida 150. The project’s investment — a combination of planned and high-rise buildings is estimated to be around Rs 500 crore, with an income of Rs 1,300 crore.
It has planned developed constructions on a 100-acre property on the Yamuna Expressway with a revenue potential of Rs 900 crore. The business would also perform projected development in Sohna as part of the Haryana government’s Deen Dayal Jan Awas Yojana.
“We will construct 1.7 million square feet of group homes on a 10-acre land site beside the Dwarka Expressway. The project will complete in three phases; the first is planned to open in June or July and cover around 700,000-800,000 square feet”.
The project would cost Rs 550 crore to build, with income projected to reach approximately 1,100 crores. In addition, the business will enter the Delhi and Mumbai marketplaces for the first time.
“We’ve decided to develop 500,000 square feet on a 4-acre land site near Rohini in Delhi.” According to the developer, the two- and three-bedroom units would cost Rs 1.25 and Rs 2.5 crore.
The business plans to invest Rs 270 crore in the project and hopes to earn Rs 750 crore. In addition, ATS Homekraft would build 425,000 square feet in Powai, Mumbai, for Rs 600-650 crore. In FY 2021-22, the firm generated total sales of Rs 1.040 crore, with a target of Rs 1,370 crore in FY 22-23.
The ATS Group founded the firm in 2018 to focus on India’s mid-income housing requirements, and it is now working on five projects in the NCR region with a total built-up area of around 10 million square feet.
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