Signature Global is expanding its portfolio into the luxury segment with a branded residential project in Gurugram
Signature Global is expanding its portfolio into the luxury segment with a branded residential project at the high-demand Sector 71 micro-market on Southern Peripheral Road, Gurugram.
Gurugram-based real estate developer Signature Global is gearing up to launch a premium branded residential project in Sector 71 along the Southern Peripheral Road (SPR), Gurugram. The project, spanning 7 acres with a total saleable area of 20 lakh square feet, carries an estimated revenue potential of ₹5,000 crore.
Announcing the development, Signature Global Chairman Pradeep Aggarwal said, "We will come up with a branded luxury residential project on 7 acres of land with a total saleable area of 20 lakh square feet. The total revenue potential is estimated at ₹5,000 crore." He made the remarks while speaking to reporters on February 14.
Mr. Aggarwal noted the rising demand for Branded Residences in Gurgaon as a key driver behind the project. The company is currently in active discussions with leading hospitality chains to bring a renowned brand to the development. The project is expected to be launched for sale within the next five to six months.
A Large-Scale Mixed-Use Vision for SPR
Signature Global holds a sizeable 25-acre land bank in Sector 71, Southern Peripheral Road, where it envisions a large mixed-use development. Of this, 7 acres have been earmarked for the branded residential component, while the remaining 18 acres will be developed into a diverse mix of office, retail, and hospitality spaces.
For the 18-acre commercial development, Signature Global has entered into a strategic joint venture with Bengaluru-based RMZ Group — one of India's leading commercial real estate developers. The partnership will deliver a landmark commercial project with a combined investment of approximately ₹7,500 crore.
The proposed commercial development will offer a total leasable area of 55 lakh square feet, comprising approximately 35 lakh square feet of premium office space, alongside 20 lakh square feet of retail and two boutique hotels.
Joint Venture Structure and Financial Terms
The joint venture has been formalized through a Securities Subscription and Purchase Agreement (SSPA) between Signature Global's subsidiary, Gurugram Commercity Ltd (GCL), and RMZ's entity, Millennia Realtors. Under the terms of the agreement, Millennia Realtors will acquire a 50 per cent equity stake in GCL through a combination of share purchases and fresh subscriptions, for an aggregate consideration of up to ₹1,283 crore.
Sales Targets on Track
On the company's broader financial outlook, Aggarwal expressed confidence in achieving the revised sales bookings target of ₹10,300 crore for the current fiscal year, reflecting strong momentum across Signature Global's project pipeline.
Conclusion
This development underscores Signature Global's strategic ambition to move up the value chain — from affordable and mid-income housing into the ultra-luxury and large-scale mixed-use segment — reinforcing its position as one of Gurugram's most active and diversified real estate developers.
