ATS Infrastructure in a recent decision making exercise has set aside Rs 600 crore to develop a group housing project in Punjab. The project ''ATS Lifestyle'' is spread over 22 acre and is part of company''s 300-acres integrated township situated at Dera Bassi on the outskirts of Chandigarh where it will develop about 1,000 apartments, ATS Group Managing Director Getamber Anand said, adding that the project would be developed in two phases and the entire portion of the investment would be funded through bank debts and advances from customers. The company is selling the first phase at about Rs 3,500 per sq-ft. wherein the size of the housing units ranges from 1,900 to 2,950 sq-ft. The construction of the first phase comprising about 500 apartments is in full swing and is expected to be completed by the end of next year. The company has sold about 60% units of the first phase and would soon be launching the second phase, which would also have 500 units for which the construction would be completed by 2016.
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