With an aim to revive the ailing real estate sector and boost consumer demand, the ATS Group unveiled “Nirman by ATS”, a project management consultancy organized to assist developers in completing stalled real estate projects and to provide the much needed respite to the customers.
The consultancy targets to acquire over eighteen stalled and delayed projects under residential and commercial segments, over the next five years. In order to revive these projects, Nirman by ATS has invested in establishing a platform by on-boarding domain professionals, in order to revive stressed projects that are under sales, construction and collection.
Under the Pan-India initiative, Nirman by ATS will oversee, supervise and manage the overall delivery experience of these projects. Currently, Nirman by ATS is assisting projects based out of the National Capital Region.
Speaking further on the initiative, Mr. Getamber Anand, CMD ATS Infrastructure Ltd said, “One of the major challenges being faced by the real estate sector is the completion of stalled projects, which are majorly trapped due to the prevailing liquidity crunch. As the country faces an overall economic slowdown, revival of the real estate sector would play an integral role in kick-starting the economy. Completion of stalled projects and fast-tracking deliveries will instill positive sentiment amongst homebuyers and all other stakeholders. We are looking forward to provide assistance to eight projects in the first year and over eighteen projects over the next five years. We have already delivered 500+ apartments in last two years”
Nearly all developers have faced numerous challenges since the outbreak of the COVID-19 pandemic, however, the demand for real estate still continues to remain strong. Through this platform, ATS Group will help provide solutions to the existing developers in order to manage multiple challenges that they face in completion of real estate projects. Along with this, the initiative will also bring in the desired level of confidence amongst the consumers, while they receive timely deliveries of the projects.
With developers heading for partnerships and consultancy, realty players will be able to re-establish their market position and gain the desired momentum. Meanwhile, homebuyers are also leaning towards purchasing from established developers who enjoy a positive track-record and has the ability to deliver quality projects, on time.