Signature Global has announced plans to launch a branded luxury housing project in Gurugram’s Southern Peripheral Road, targeting revenue of Rs 5,000 crore. Spread across 7 acres, the project is part of a larger 25-acre mixed-use development, with commercial spaces being developed in partnership with RMZ Group.
Real estate developer Signature Global is making a decisive move into the luxury housing segment with its upcoming branded project in Gurugram. Chairman Pradeep Aggarwal revealed that the company expects this venture to generate Rs 5,000 crore in revenue, underscoring strong demand for premium residential offerings in India’s real estate hub.
The project is strategically located on Southern Peripheral Road (SPR), a rapidly developing corridor that has become a magnet for high-value investments. Signature Global, which was the fifth-largest listed realty firm last fiscal in terms of sales bookings, is leveraging its 25-acre land bank to create a mixed-use ecosystem combining residential, office, retail, and hospitality spaces.
Key Highlights
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The branded luxury housing project will be developed on 7 acres, with a total saleable area of nearly 20 lakh square feet
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Estimated revenue potential stands at Rs 5,000 crore, reflecting robust demand for branded homes in Gurugram
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The remaining 18 acres of the land parcel will be developed into office, retail, and hospitality spaces under a joint venture with Bengaluru-based RMZ Group
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Signature Global has set a revised sales bookings target of Rs 10,300 crore for the current fiscal, buoyed by accelerated construction activity after pollution-related delays in the December quarter
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The company expects a sharp increase in revenue recognition during the January-March period, strengthening its financial outlook
This ambitious project signals Signature Global’s transition from affordable housing to luxury real estate, aligning with evolving consumer preferences for branded, high-quality living spaces. With Gurugram’s SPR emerging as a prime destination for both residential and commercial investments, the development is poised to redefine the city’s luxury housing landscape.
Sources: The Economic Times, Business Standard, Press Trust of India