ATS HomeKraft repays Rs 1,250 crore to HDFC Capital

Core Insights - ATS HomeKraft's portfolio includes over 7,500 units with a total sales value of Rs 8,000 crore, indicating significant market presence in mid-income housing [1][8] - The funding for ATS HomeKraft was primarily secured during the Covid-19 slowdown, highlighting the resilience of the real estate sector during challenging times [2][8] - HDFC Capital, a major player in real estate private equity, has seen the value of most projects in ATS HomeKraft's portfolio increase nearly threefold over four to five years, reflecting strong demand for quality mid-income homes [3][8] Company Developments - ATS Group's chairman emphasized the company's commitment to developing homes tailored for end users, as evidenced by their recent financial maneuvers [6][8] - ATS HomeKraft has repaid Rs 1,250 crore to HDFC Capital through project cash flows, showcasing effective financial management [8] - The company is preparing for a new project launch in Gurgaon, supported by a fresh fundraising of Rs 250 crore from H-CARE 3, scheduled for 2026 [6][8] Market Positioning - ATS HomeKraft is expanding its footprint with a pipeline of group housing and plotted developments across multiple cities including North Delhi, Noida, Gurgaon, Sohna, Vrindavan, and Ghaziabad, positioning itself as a multi-city player [7][8] - HDFC Capital manages a $4.5 billion platform aimed at developing affordable and mid-income housing in India, indicating a strong investment focus in this sector [7][8] - Recent partnerships by HDFC Capital, including a Rs 1,300-crore platform for residential projects in Bengaluru and a Rs 1,500-crore platform with the Eldeco Group for tier-2 and tier-3 cities, demonstrate a strategic approach to expanding residential development [7][8]