ATS to complete three Noida projects of Logix Group
With the Delhi-NCR property market plagued with stalled housing projects, realty firm ATS Group Wednesday said it will complete over 4,500 delayed flats of Logix Group in Noida.
ATS has forayed into project management consultancy (PMC) business and has bagged three projects — Logix Blossom Greens, Logix Blossom County and Logix Blossom Zest in Noida, Uttar Pradesh.
“The effort to complete the construction of the three projects will ensure delivery of over 4,500 apartments, launched by Logix Group, beginning end of 2019 in a phased manner,” ATS said in a statement.
Around 5.6 lakh housing units, worth Rs 4.5 lakh crore in seven major cities are running behind the delivery timelines, mainly due to demand slowdown and fund diversion by developers, according to property consultant Anarock.