ATS Homekraft Sells 400 Plots for Rs 1,200 Crore in Yamuna Expressway Project
ATS Homekraft, a real estate developer, has successfully sold 400 residential plots in its project located along the ATS Province D Olympia Yamuna Expressway for a total value of Rs 1,200 crore.
Step-by-Step Breakdown of the Information:
- About ATS Homekraft
ATS Homekraft is a subsidiary of ATS Group, which is one of India’s leading real estate developers. The company focuses on providing mid-income housing projects and has gained recognition for its quality ATS Province D Olympia construction and timely delivery.
- Project Location: Yamuna Expressway
The project is situated along the ATS Plots Yamuna Expressway, a prominent location in Uttar Pradesh that connects Greater Noida to Agra. This area has been witnessing significant infrastructure development and increasing demand for residential and commercial properties due to its strategic connectivity and proximity to major urban centers.
- Details of the Sale
Number of Plots Sold: ATS Homekraft sold a total of 400 residential plots.
Total Revenue Generated: The sale amounted to Rs 1,200 crore.
Average Price per Plot: On average, each plot was sold for approximately Rs 3 crore (calculated by dividing the total revenue by the number of plots).
- Significance of the Sale
This sale highlights:
The growing demand for residential properties in the Yamuna Expressway region.
The trust consumers place in established developers like ATS Homekraft.
The potential for further real estate growth in this area due to ongoing infrastructure projects such as Jewar Airport and other industrial developments.
- Market Context
The Indian real estate market has been experiencing a resurgence post-pandemic, with increased interest in plotted developments due to their flexibility and investment potential. Locations like the Yamuna Expressway are particularly attractive because they offer affordable options compared to metropolitan cities while still being well-connected.
ATS Homekraft’s sale of 400 plots for Rs 1,200 crore underscores both the company’s strong market position and the rising appeal of properties along the Yamuna Expressway.
