ATS HomeKraft Repays ₹1,250 Crore to HDFC Capital Fund Ahead of Schedule

New Delhi, November 24, 2025: Mid-income housing developer ATS HomeKraft has fully repaid INR 1,250 crore to HDFC Capital Affordable Real Estate Fund–2 (HCARE-2). The repayment was completed using internal cash flows from the HCARE-2 portfolio projects, without resorting to third-party refinancing – an uncommon feat in India’s residential real estate sector.

The HCARE-2 portfolio with ATS HomeKraft included more than 7,500 housing units, with total sales valued at approximately INR 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 INR 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 INR 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.