ATS HomeKraft Raises ₹250 Crore from HDFC Capital's H-CARE 3 Fund for New Gurugram Project
ATS HomeKraft Secures ₹250 Crore for Dwarka Expressway Mid-Income Housing
ATS HomeKraft has fully repaid ₹1,250 crore to HDFC Capital Affordable Real Estate Fund–2 (HCARE-2), ahead of schedule. The repayment was made entirely through internal cash flows generated from HCARE-2 portfolio projects, without any third-party refinancing.
Building on this momentum, ATS HomeKraft has expanded into the fast-growing Dwarka Expressway corridor in Gurugram with a mid-income housing project and plans another launch in 2026, supported by ₹250 crore from H-CARE 3.
A Track Record Built Over Decades
ATS Group has a 35-year legacy as a fully vertically integrated developer. The group has more than 25 completed residential projects spanning 60 million sq. ft. and 24 ongoing projects covering 30 million sq. ft.
The HCARE-2 portfolio with ATS HomeKraft comprised over 7,500 housing units with total sales of around ₹8,000 crore. The complete and early repayment underscores the sustained demand in the mid-income housing segment and reflects ATS HomeKraft's strong sales performance and disciplined execution.
Financial Strength and Pipeline Expansion
ATS recently prepaid ₹190 crore to the government-backed SWAMIH Investment Fund I for its Dwarka Expressway project, 'ATS Marigold,' reinforcing the group's robust cash flow position and improved balance sheet metrics.
The developer now holds a diversified pipeline of group housing and plotted development projects across Delhi-NCR, Noida, Sohna, Vrindavan, and Ghaziabad.
HDFC Capital's Commitment to Mid-Income Housing
HDFC Capital is the real estate private equity arm of HDFC Group. Managing a $4.5 billion platform focused on affordable and mid-income housing, it supports the government's 'Housing for All' mission.
Vipul Roongta, CEO and MD of HDFC Capital, and Pankaj Khanna, Associate Principal – Investments and Technical at HDFC Capital, said the partnership with ATS demonstrated the fund's confidence in developers who maintain operational rigour. Most projects in the portfolio have seen prices nearly triple in 4–5 years, signalling strong unmet demand for quality mid-income housing.
Dwarka Expressway: A Growing Residential Corridor
Dwarka Expressway, or the Northern Peripheral Road (NPR) as it is officially known, is now considered one of the major real estate corridors in the Delhi, NCR region. Linking Dwarka in Delhi to Gurugram, the expressway has been a catalyst for enhanced connectivity, resulting in infrastructure development and residential growth in the sectors along the route.
In sectors like 102 to 113, property prices have appreciated by 30–60% in just the last 3–4 years. This growth has been fueled by the completion of major infrastructure, including roads, underpasses, and flyovers, and the nearing completion of the expressway itself.
Key builders such as Godrej Properties, ATS, Sobha, M3M, Shapoorji Pallonji, Tata Housing, Conscient, and Smart World are already developing premium gated communities, many of which are RERA registered and nearing possession.