Signature Global to invest Rs 550 crore to build housing project in Gurugram

NEW DELHI: Realty firm Signature Global will invest Rs 550 crore to develop the second phase
of its housing project in Gurugram. Last month, Signature Global, which focuses on building
affordable housing projects, had raised long term capital of Rs 400 crore from HDFC Capital’s
realty fund.
The company said in a statement that it will construct 864 independent floors in the second
phase, same as the first phase.
The total project cost is Rs 550 crore for the second phase, the company said, adding that the
independent floors would be sold in a price range of Rs 62-72 lakh.

Pradeep Aggarwal, Chairman and whole-time director, Signature Global (India) Ltd. said the
demand of independent floors have increased in the last two years.
The project — Signature Global Park 4 & 5 — will be developed under
the Haryana government’s Deen Dayal Jan Awas Yojana (DDJAY).
In the last 7-8 years, Signature Global has launched more than 30 housing projects, mainly in
Gurugram, Sohna and Karnal (Haryana), and out of these, seven projects have already been
delivered.
The company has also launched commercial projects in Vaishali and Ghaziabad, Uttar Pradesh.