Signature Global Launches ₹4800 Crore Luxury Housing Project in Gurugram
Realty firm Signature Global is set to invest ₹4,800 crore to develop a luxury housing project in Gurugram, a strategic move to expand its business amid robust consumer demand. This project, named 'Sarvam at DXP Estate', is spread over 13.56 acres and will feature 1,798 apartments.
The project is located on the Dwarka Expressway, Sector 37D in Gurugram, a prime location known for its connectivity and infrastructure. In the first phase, the company is offering 50 per cent of the total units for sale, priced between ₹3-4 crore per unit.
According to Pradeep Aggarwal, Founder and Chairman of Signature Global, the total investment in the development of this project is estimated at around ₹4,800 crore. The company will primarily fund the project through internal accruals, including advances from customers. Construction is expected to commence soon, with the project slated for completion by 2032.
Aggarwal emphasized the company's focus on sustainability and wellness in the project. The development will be Indian Green Building Council (IGBC) Platinum certified, ensuring high standards of environmental sustainability. Additionally, Signature Global has partnered with several wellness and lifestyle brands, including the Michael Phelps Swimming Academy, to enhance the living experience for residents.
The launch of 'Sarvam at DXP Estate' is expected to significantly contribute to Signature Global's annual sales bookings target of ₹12,500 crore. The company, which is based in Gurugram, reported property sales worth ₹10,290 crore during the last fiscal year. However, in the April-September period of 2025-26, sales bookings declined by 21 per cent to ₹4,650 crore from ₹5,900 crore in the previous year. Despite this, the company remains confident of achieving its pre-sales target.
To further expand its business, Signature Global recently raised ₹875 crore through the issuance of non-convertible debentures (NCDs) to the International Finance Corporation (IFC), a lending arm of the World Bank. The funds will be used for the development of mid-income housing projects and to repay high-cost debt. The company has a track record of delivering 16 million square feet across various projects, solidifying its position in the real estate market.
The new project is expected to not only boost the company's revenue but also contribute to the overall development of Gurugram's real estate sector, making it an attractive destination for homebuyers and investors alike.
