The project which faced cash issues during the pandemic is now completed. With 422 units, it benefited from the government-backed fund.

Realty firm ATS Infrastructure has repaid around ₹190 crore as principal and interest to a government-backed stress fund SWAMIH, which had invested ₹133 crore in its stalled housing project in Gurugram. The company has repaid ₹133 crore investment made from the SWAMIH (Special Window for Affordable and Mid-Income Housing) Investment Fund I for its residential project 'ATS Marigold', located on the Dwarka Expressway in Gurugram.

We have given exit to SWAMIH Fund in our Gurugram project 'ATS Marigold' by repaying ₹133 crore principal amount," said Udaivir Anand, Managing Director, ATS Group. The company paid ₹57 crore as interest. He said the fund has helped in completing this project, which has 422 units across six towers. The company got this fund at a time when the project was facing a huge cash-crunch because of slow sales in view of the Covid-19 pandemic. ATS Infrastructure has also obtained an occupation certificate from the authorities.

Following the success of the first fund, the government in this year's Budget announced a fresh ₹15,000 crore 'SWAMIH Fund' for completion of 1 lakh units in stalled housing projects across various cities, a move aimed at providing relief to distressed homebuyers whose investments are stuck. Noida -based ATS Group is one of the leading players in the Delhi-NCR residential real estate market. ATS Group firm ATS Homekraft has sold properties worth ₹2,000 crore on Dwarka Expressway and Yamuna Expressway (near the upcoming Jewar Airport) in the last few months. The company is in the process of launching end user focussed projects in Gurugram and North Delhi.