Gurgaon: Signature Global Plans to Invest Rs 385 Crore in a Residential Project


Leading realty firm, Signature Global has recently announced to invest Rs 385 crore in their new residential project located in Gurugram, Haryana. The company has purchased 17.35-acre land at Sohna for nearly Rs 100 crore for the same.

According to the company’s top officials, the project will comprise of 864 independent floors and will be delivered in two phases. The price of these units will range from Rs 39 to 74 lakh.

Giving more information on the above, Pradeep Aggarwal chairman, Signature Global said, “The Company has decided to invest Rs 385 crore for its new project ‘Signature Global Park’ located at Sohna. The construction work has already started. We will arrange money through the company’s internal accruals and via advances from customers and bank/NBFC debt.”

Signature Global Park will be offering two and three BHK stilt plus three premium independent floors. The project is also surrounded by many residential and commercial properties in the vicinity.

Signature Global mainly focuses on the development of affordable housing. The group has till date delivered around 1000 affordable homes across various cities. At present, the group is constructing 10 residential projects that comprise of 9,500 units. All these units will be developed under the Haryana government’s affordable housing policy scheme.

Besides this, the group has also invested Rs 100 crore to develop its first retail mall in Ghaziabad with a saleable/leasable area of one lakh sq ft. The mall also comprises of 80- serviced apartments managed by Clarks Premier.