Construction Industry News
Signature Global Limited will invest Rs 550 crore for the development of Phase II of its housing project in Gurugram.
In May, Signature Global, the real estate company focused on building affordable housing projects, had raised long-term capital of Rs 400 crore from HDFC Capital's real estate fund.
The company told the media it would build 864 independent floors in Phase II, the same as Phase I.
The company said the total cost for Phase II of this project is Rs 550 crore. It further added that the independent floors would be sold between Rs 62-72 lakh.
Chairman and Managing Director of Signature Global (India) Limited, Pradeep Aggarwal, said the demand for independent flooring has increased over the past two years.
The projects, including Signature Global Park 4 and 5, will be developed under the Dane Dayal Jan Awas Yojana (DDJAY) of the Haryana state government.
Previously, Signature Global has launched more than 30 housing projects, mainly in Gurugram, Sohna and Karnal in Haryana. Seven of these projects have already been delivered to the buyers.
The company has even launched commercial real estate projects in Vaishali and Ghaziabad in Uttar Pradesh.
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