The fund will be raised from a mix of
internal accruals, debt and private equity funds.
NEW DELHI: ATS Group, a National Capital Region
(NCR)-based developer, plans to invest close to Rs 1,500- 2,000 crore for
construction mid- income and affordable homes under a new entity ‘HomeKraft’.
The fund will be raised from a mix of internal accruals, debt and private equity funds. “We are in advance talks with a major PE firm to raise funds for HomeKraft in the next 2-3 months,” the company said in a release here on Wednesday.
Prasoon Chauhan has been appointed as the CEO of HomeKraft. Previously he has worked with ICICI Bank and Yes Bank.
The company is looking to clock sales of 6000-6500 units in the next 3-5 years with expected revenue in the range of Rs 4,000-5,000 crore.
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