Signature Global, has appointed ACC India Pvt Ltd for civil, structure and part MEP work for all the towers, basements and other ancillary buildings for its residential group housing project in Sector 84, Gurugram, Haryana.
The LOI dated September 12, 2024 determines the total contract value to be Rs 320 crore. It additional determines that the completion period of the project as 27 months from the date of commencement of work and 3 months from complete handing over of work.
“This is going to be one of the finest projects that we will be executing and will be a crowning jewel in our portfolio. It will span four and a half acres and will be one of the tallest in the area,” said Lalit Aggarwal, Vice Chairman, Signature Global.The company has delivered approximately 11 million sq. ft. across projects and more than 30,000 homes since inception in 2014.
“ACC has been associated with landmark projects such as World ONE (84 floors, 285 Meter) of Lodha Developers in Mumbai; 88 East Kolkata of Tata Housing & Keventers, and The 42 (62 floor, 255 Meter) besides ongoing projects in Delhi + NCR for DLF, TARC and Unity Group Projects and others across major metros,” said Ani Ray, Managing Director, ACC India Pvt Ltd.
Signature Global commands a 36% market share in Gurugram’s affordable and mid-housing sector.
Supported by prominent investors like Nomura, HDFC, IFC, Standard Chartered, Bandhan MF, and Kotak, Signature Global has a robust pipeline of approximately 32.2 million sq. ft. of saleable area in forthcoming projects along with 16.4 million sq. ft. of ongoing projects, set for execution over the next 2-3 years.
