NEW DELHI: Signature Global (India) has acquired 8.39 acres of land in sector 37D, Gurugram, at a cost of Rs 282.42 crore. The sale deed was executed on March 20.
The overall developable potential of the acquired land would be approximately two million sq ft.
The company intends to launch the project on this land parcel by the end of next financial year (2025-26) and expects total revenue of around Rs 3,200 crore.
Pradeep Aggarwal, founder & chairman of the company said, “Sector 37D has rapidly become a key investment hotspot. Given the success of our past projects, we are confident that our upcoming development in this sector will receive an overwhelming response upon launch.”
The company owns 45.1-acre land bank in sector 37D, also known as DXP Estate, wherein the company is developing both multi-story and low-rise residential units.
In the first nine months of 2024-25, it has added approximately 2.9 million sq ft of saleable area in this location.
Signature Global has so far delivered 13.5 million sq ft of housing area and has a pipeline of approximately 46 million sq ft set for execution over the next 2-3 years.
