Leading real estate developer, Signature Global (India) Ltd. has acquired 8.39 acres of land at Sector 37D, Gurugram, Haryana, near Dwarka Expressway at a cost of Rs. 282.42 crore. The sale deed was executed on Thursday, 20th March. The overall potential of the acquired land, the overall developable potential of the acquired land would be approximately 2 million square feet.
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.
On the development Mr. Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd., said, “Gurugram’s housing market has experienced exceptional growth in recent years, with Dwarka Expressway emerging as India’s fastest-growing real estate corridor. According to a recent CREDAI-Colliers-LiasesForas report, housing prices here have surged by a record 58% YoY, driven by seamless connectivity, robust infrastructure, and strong investment potential. Strategically located between Delhi and Gurugram, the corridor offers unparalleled access to key business hubs, the airport, and an expanding metro network. Among the standout locations, 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.”
Signature Global owns a substantial 45.1-acre land bank in Gurugram’s 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, the company added approximately 2.9 million square feet of saleable area to this strategic location. Construction is rapidly advancing on their flagship residential project, ‘De-luxe DXP,’ located along the Dwarka Expressway, following the award of a ₹1,144 crore construction contract to Ahluwalia Contracts (India) Ltd. in September 2024.
The Company has so far delivered 13.5 million sq. ft. of housing area and boasts a robust pipeline of approximately 46 million sq. ft. in our forthcoming and ongoing projects, set for execution over the next 2-3 years.
About Signature Global (India) Ltd:
Signature Global, a leading real estate development company in India, is reshaping the housing market in northern India. Initially established as a key player in affordable housing, the company is now broadening its scope by focusing towards the premium and mid-housing segment, with a strong emphasis on quality execution, value creation, reliability, and adherence to global standards.
Backed by investors like Nomura, HDFC, and Kotak, Signature Global ensures strong governance, disciplined land acquisition strategy, launching projects within 18 months of acquisition. The Company has so far delivered 13.5 million sq. ft. of housing area and boasts a robust pipeline of approximately 46.3 million sq. ft. of saleable area in forthcoming and recently launched projects along with 21.6 million sq. ft. of forthcoming projects, set for execution over the next 2-3 years. In FY24, Signature Global achieved sales bookings of ₹72.7 billion and reported a sales CAGR of 62% from FY21 to FY24. The company projects sales of ₹100 billion and ₹ 38 billion of revenue recognition in FY25.
