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Signature Global acquires 20-acre land for residential project in Gurugram

Tuesday, 13 Feb 2024
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Signature Global has acquired 20 acres of land in Gurugram, Haryana for developing a residential project. The real estate firm has entered into a joint development agreement (JDA) with a landlord for this land parcel, which has a development potential of 28.4 lakh sq. ft..

The potential revenue would be around Rs 4,500 crore in this upcoming project. The project will be launched in the next 12 to 24 months after getting all necessary approvals.

Earlier this month, Signature Global announced the signing of three separate JDAs with landlords to develop housing projects on a total 21.38 acres land parcels.The combined development potential in volume terms is 32 lakh sq. ft.. The company achieved bookings of Rs 1,262.73 crore during the third quarter of the current financial year, registering 47 percent growth annually. 

As a real estate developer in the Delhi-NCR region, it focuses on mid-income and affordable housing segments. Signature Global has a portfolio of 17 million sq. ft. of ongoing projects and more than 30 million sq. ft. of forthcoming projects.

 
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