Real estate company Signature Global (India) Ltd has purchased 8.39 acres of land in Gurugram for Rs 282 crore, with plans to develop a housing project. The company anticipates generating revenue of approximately Rs 3,200 crore from the project.
On Friday, the company said it has “acquired 8.39-acre land at Sector 37D, Gurugram, Haryana, at the cost of Rs 282.42 crore”.
The land has a total development potential of approximately 20 lakh square feet. Signature Global plans to launch the project on this site by the end of the next financial year (2025-26) and expects to generate around Rs 3,200 crore.
On the development, Pradeep Aggarwal, Founder & Chairman of Signature Global, said, “Gurugram’s housing market has experienced exceptional growth in recent years, with Dwarka Expressway emerging as India’s fastest-growing real estate corridor.” “Given the success of our past projects, we are confident that our upcoming development in this sector will receive an overwhelming response upon launch,” he added.
Signature Global holds a significant 45.1-acre land bank in Gurugram’s Sector 37D, near the Dwarka Expressway, developing multi-story and low-rise residential units. In the first nine months of the 2024-25 financial year, the company has added approximately 29 lakh square feet of saleable area to this prime location.
Signature Global has delivered 13.5 million square feet of housing space and has a strong pipeline of around 46 million square feet in upcoming and ongoing projects.
