Signature Global Partners for 20-Acre Gurugram Project

Signature Global, a prominent real estate developer in the Delhi-NCR region, recently secured 20 acres of prime land in Gurugram, Haryana, marking a significant step towards its residential project development endeavors. Through a strategic joint development agreement (JDA) with a landowner, the company has tapped into the potential of this expansive parcel, boasting a development capacity of 28.4 lakh sq. ft.

With an eye on the future, Signature Global anticipates a lucrative revenue stream estimated at approximately Rs 4,500 crore from this forthcoming venture. Pending the acquisition of requisite approvals, the project is slated for launch within the next 12 to 24 months, promising to add another jewel to the company's illustrious portfolio.

In a testament to its commitment to expansion and innovation, Signature Global recently unveiled the signing of three separate JDAs, securing an additional 21.38 acres of land for housing projects. These endeavors collectively boast a development potential of 32 lakh sq. ft., further solidifying the company's position as a frontrunner in the real estate domain.

The company's prowess is further underscored by its remarkable financial performance, with bookings totaling Rs 1,262.73 crore during the third quarter of the current fiscal year, reflecting a remarkable 47 percent year-on-year growth trajectory.

Renowned for its focus on mid-income and affordable housing segments, Signature Global stands at the helm of a robust portfolio, encompassing 17 million sq. ft. of ongoing projects and an impressive pipeline of over 30 million sq. ft. in forthcoming developments. As it continues to carve a niche for itself in the competitive landscape, Signature Global remains steadfast in its mission to redefine urban living experiences across the Delhi-NCR region.

News by Rahul Yelligetti