Delhi-NCR-based mid-income housing developer ATS HomeKraft has fully repaid ₹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.
The funding was largely committed during the pandemic-induced slowdown, said the company. 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.
The developer now has a pipeline of 8 milion sqft already delivered and 15 millionsqft under development.
Published on November 23, 2025