Signature Global Plans Rs. 5,000 Crore Luxury Housing Project

Signature Global, a Gurugram-based real estate developer, is set to develop a branded luxury housing project on Southern Peripheral Road (SPR) with an estimated revenue potential of around ₹5,000 crore.

The company owns 25 acres of land in Gurugram’s SPR area and plans to build a mixed-use development. Of the total land, 7 acres will be dedicated to luxury homes, while the remaining 18 acres will include office spaces, retail outlets, and hospitality facilities.

In partnership with Bengaluru-based RMZ Group, Signature Global will develop the commercial part of the project.

Key Highlights

• Signature Global plans a ₹5,000 crore luxury housing project on Southern Peripheral Road in Gurugram
• The project will include 7 acres of branded homes and 18 acres of commercial spaces in partnership with RMZ Group
• Signature Global aims to achieve a ₹10,300 crore sales target for the fiscal year, bolstered by the luxury project

Noting that the demand for branded homes is strong, he said, "We will come up with a branded luxury residential project on 7 acres of land parcel with a total saleable area of 20 lakh square feet. The total revenue potential is estimated at ₹5,000 crore," Aggarwal told reporters.

The joint venture involves a ₹7,500 crore investment, with 55 lakh square feet of leasable area. The commercial space will include 35 million square feet of office space, 20 million square feet of retail space, and two hotels.

Signature Global is also in discussions with hospitality chains for the branded housing project, expected to launch in 5-6 months. The company aims to meet its revised sales target of ₹10,300 crore for the current fiscal year.

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As part of the commercial project deal, Signature Global’s subsidiary, Gurugram Commercity Ltd (GCL), and RMZ’s Millennia Realtors have entered into a Securities Subscription and Purchase Agreement (SSPA), with RMZ acquiring a 50% equity stake in GCL for up to ₹1,283 crore.