ATS Infra plans to invest Rs 600 cr in Punjab
The realty firm ATS Infrastructure has announced that it will invest around Rs 600 crore on a housing project “ ATS Lifestyle” in Punjab.
ATS Lifestyle spreads over 22 acres and comprises of 300-acres integrated township situated at Dera Bassi near Chandigarh.
According to the ATS Group Managing Director Getamber Anand, the project will have 1000 apartments which will be divided into two phases.
It is estimated that the total cost of the project will come up to Rs 600 crore. The total investment will be taken care by the banks debts and advances from customers.
The builder has quoted Rs 3,500 per sq ft for the first phase and the housing units ranges from 1,900 to 2,950 sq ft. Also, it is expected that the first phase will be completed by the end of next year.
The company has sold around 60 percent of its first phase already. Soon the builders will launch the second phase with 500 units at a higher rate. They predicted that construction of the second phase will be completed by 2016.
Apart from this township project, ATS Infrastructure is developing real estate projects in Gurgaon, Ghaziabad and Noida. So far the builder has delivered around 5,000 apartments in the NCR and 2,500 apartments are under construction.
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