ATS Group Prepays ₹190 Crore to SWAMIH Investment Fund I for ATS Marigold, Dwarka Expressway

ATS Infrastructure Completes SWAMIH Repayment for Marigold Project

ATS Infrastructure has fully repaid INR 190 crore, covering both principal and interest, to the government-backed SWAMIH Fund after completing its previously stalled residential project 'ATS Marigold' in Gurugram. The repayment comprises INR 133 crore in principal and INR 57 crore in interest.

The prepayment, disclosed alongside other portfolio developments in November 2025, reflects the builder's strengthened cash-flow position and marks a recovery milestone for a project that faced significant headwinds through the early 2020s.

From Stalled to Completion

The SWAMIH Fund had invested INR 133 crore in the project back in February 2021, providing crucial support during a financial crunch. When the fund entered in early 2021, the project was grappling with nearly 4.5 lakh sq ft of unsold inventory and stagnating sales, but the fund's entry turned out to be a lifeline, allowing the company to restart construction and push for sales.

With all 422 units across six towers completed, the project has now secured an occupation certificate. At the time of investment, prices hovered around INR 6,000–6,500 per sq ft. Today, property prices in the project have surged to between INR 13,500 and INR 15,000 per sq ft, reflecting renewed buyer confidence and improved market dynamics.

Project Details

ATS Marigold is located on the Dwarka Expressway in Gurugram. The residential offering comprises primarily three-bedroom units, with sizes ranging from approximately 1,750 sq ft to 2,650 sq ft. The total area of the project encompasses around 15 acres, consisting of 6 individual blocks, with around 65% of the total area comprised of open areas.

SWAMIH Fund's Role in Project Revival

The repayment underscores the fund's impact in reviving stressed projects, especially those derailed due to the NBFC crisis and the pandemic. The SWAMIH Fund was launched by the central government in late 2019 with a corpus of INR 15,530 crore, managed by SBICAP Ventures Ltd, a subsidiary of the State Bank of India.

The SWAMIH Investment Fund focuses on providing last-mile funding to stalled affordable and mid-income housing projects across India. The initiative has already enabled the completion of more than 58,596 homes. ATS Marigold's early completion and full repayment ahead of schedule is a tangible example of the fund's intervention mechanism in practice.

About ATS Infrastructure Limited

Established in 1998, ATS Infrastructure Limited is a leading real estate developer in North India with 25+ years of experience, known for delivering high-quality residential and commercial developments across NCR and other regions. The group has built a strong reputation for construction excellence, timely delivery, and customer satisfaction.

ATS today operates across Gurgaon, Noida, Greater Noida, Yamuna Expressway, Indirapuram, Derabassi, Mohali and Dehradun. The Marigold project represents the developer's recovery from a period of financial stress, and the successful repayment demonstrates the group's return to financial stability.