Signature Global setting-up to Launch New Housing Projects in Gurugram worth Rs.8500 Crore

A leading real estate developer, Signature Global has lay down the massive step for its growth trajectory with fresh projects for housing in Gurugram. They decided to locate the housing projects at primary locations in Gurugram such as Dwarka Expressway and Southern Peripheral road with an likely sales prospective in excess of Rs.8,500 crore for the current financial year.

For the duration of the first half that ended on September 30, 2023, the company Signature Global reported best ever pre‐sales at Rs.18,614 million with showing growth rate of 37.6% YoY. In the second quarter, the pre‐sales grew at 4.2% to Rs.9,816 million.

The real group has also entered into authoritative documents to acquire an entity owning 25.14 acres of land in sector 71, Southern Peripheral road, Gurgaon.

This project will be developed as urbanized plan that compromises the mixture of housing and commercial components. The expected expenditure of capital on the project for land and approval purposes is anticipated to be Rs.750 crore roughly.

“The vigorous expansion of the real estate market in the National Capital Region, predominantly in Gurugram, the city is poised to show the way in the upcoming years. The initiatives taken on invigorating SPR and the developments along the Dwarka Expressway are pouring this thrust. The city Gurugram is presently experiencing the finishing points of abundant substantial public transportation projects. It will significantly shore up the real estate sector in the region.” said Pradeep Kumar Aggarwal, chairman & whole‐time director.

The development work of Dwarka expressway is anticipated to be finished off in next few months by the NHAI. The completion of this project will be a big boost up for the real estate sector of the Gurugram. In recent few months, the housing projects on Dwarka Expressway have observed strong customer attention. The recent announcement of Haryana government that revamping of SPR within the projected outlay of Rs. 850 crores will also be projected to enhance the real estate prospective of the location even more.