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Signature Global to invest 2,500Cr in Residential projects, Gurgaon

Signature Global to invest INR 2,500 Crore in Gurugram Residential projects

Unnati More Nov 14, 2023 0

Realty developer Signature Global plans to invest approximately 2,500 INR-Crore in developing residential projects in Gurugram during the second half of FY24. The proposed projects will be developed over 6 million SqFt of land parcels, expanding the developer’s presence in three micro-markets in Gurugram.

Signature Global has already acquired land parcels in Sector 71, Sector 37D, and Sohna and plans to launch the projects before March 2024. The company has signed definitive documents to obtain 25.14 acres of land in Sector 71, Gurugram. This land will be developed as a mixed-use project, including residential and commercial zones.

Also Read: ‘Godrej Ananda’ an upcoming residential project by Godrej Properties in Bangalore

The developer will invest an estimated amount of 750 INR-Crore for land and approval purposes with an additional 1,200 INR-Crore for the construction of the project. With two major projects in the pipeline for the remaining months of the financial year, Signature Global anticipates launching projects worth 8,500 INR-Crore.

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Disclaimer: The information contained herein has been compiled or arrived at, based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. The image featured in this article is for representation purposes only and does not in any way represent the project. If you wish the article to be removed or edited, please email editor@biltrax.com.


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