ATS HomeKraft has achieved a rare milestone in India’s residential real estate sector by fully repaying ₹1,250 crore to HDFC Capital Affordable Real Estate Fund–2 (HCARE-2) ahead of schedule, relying solely on internal cash flows. The early exit underscores the strong demand for mid-income housing, the developer’s robust project execution, and its steadily strengthening balance sheet.

The HCARE-2 portfolio with ATS HomeKraft included more than 7,500 housing units, with total sales valued at approximately ₹8,000 crore. The funding was largely committed during the pandemic-induced slowdown, and its full repayment ahead of the 2025 target is a testimony to the robust demand in the mid-income housing segment and ATS HomeKraft’s timely project execution.

According to Vipul Roongta, CEO and MD of HDFC Capital, and Pankaj Khanna, Associate Principal, Investments and Technical from HDFC Capital, the partnership with ATS reflects the fund’s confidence in developers who maintain execution discipline and strong sales momentum. “Most projects in the portfolio have seen prices nearly triple in 4–5 years, signalling strong unmet demand for quality mid-income housing,” they said.

Getamber Anand, Chairman of ATS Group, attributed the successful exit to the company’s 35-year legacy as a vertically integrated developer and its focus on building homes tailored to end-users. “This exit to HDFC Capital is a testament to our 35-year legacy as a fully vertically integrated developer and underscores our focus on developing homes that are designed for the end user,” Anand said.

The company’s financial strength extends beyond this single transaction. Recently, ATS also prepaid ₹190 crore to the government-backed SWAMIH Investment Fund I for its “ATS Marigold” project on Dwarka Expressway, said Udaivir Anand, further reinforcing the group’s robust cash flow position and strengthened balance sheet metrics.

ATS HomeKraft recently entered the high-growth Dwarka Expressway corridor in Gurugram with a mid-income project and is planning another launch in 2026, backed by ₹250 crore from H-CARE 3. The developer now has a pipeline of group housing and plotted developments across Delhi-NCR, Noida, Sohna, Vrindavan, and Ghaziabad.