The Top 50 Real State & Infra Company- RANK 23, ATS Infrastructure, Getamber Anand, CMD
Early this year, New Delhi-based ATS’s founder Getamber Anand launched a new venture HomeKraft to develop mid-income and affordable housing projects and will invest Rs 2,000 crore over the next five years to build about 6,500 units. HomeKraft will develop homes of size ranging from 950 sq-ft to 1,600 sq-ft and in a price range of Rs 30-70 lakh. To start with, the company would develop projects in the NCR and then across the country. The company has already entered into joint development agreements with land owners for four projects covering 10 million sq-ft of saleable area.
Similarly, private equity firm ASK Group is investing Rs 200 crore in ATS Infrastructure’s mixed use development project ‘Knight Bridge’ in Noida. The deal marks the company’s foray into the commercial real estate space. The firm has invested Rs 650 crore in these four projects and has exited investments of Rs 521 crore with good returns.
The company has already entered into joint development agreements with land owners for four projects covering 10 million sq-ft of saleable area.