Signature Global to Invest ₹2,200 Crore in New Housing Project in Gurugram
Realty firm Signature Global is set to invest ₹2,200 crore to develop a new housing project in Gurugram. The project aims to expand the company’s business and achieve over 20% growth in pre-sales this fiscal year.
Real EstateSignature GlobalGurugramHousing ProjectInvestmentReal EstateJun 29, 2025
The company has recently launched a premium residential project called 'Cloverdale', which comprises 770 apartments. Located on Southern Peripheral Road (SPR) in Sector 71, Gurugram, the project is expected to cater to the strong housing demand in the city, particularly for reputable builders.
Signature Global has emerged as the fifth-largest listed real estate developer in terms of sales bookings, achieving record pre-sales of ₹10,290 crore last fiscal. The Gurugram-based company aims to post ₹12,500 crore worth of pre-sales in the current fiscal year.
Pradeep Kumar Aggarwal, Chairman of Signature Global, highlighted the strong housing demand in Gurugram. The company is selling homes in the price range of ₹4 crore to ₹7 crore in the new project, which is spread over 8 acres and is part of an overall 22-acre development. The project is scheduled to be completed by 2031.
Last month, Aggarwal mentioned that the company will invest around ₹4,000 crore this fiscal to acquire land parcels and carry out construction activities in its housing projects at Gurugram. Signature Global had invested ₹1,070 crore last fiscal year to purchase 48 acres of land in Gurugram, Haryana.
"Land is an important raw material for real estate developers. We will be investing around ₹1,200-1,500 crore on the acquisition of land parcels," he had said. Aggarwal also noted that the investment in construction activities would be around ₹2,500 crore in 2025-26, up from ₹1,900 crore in the preceding fiscal.
Last week, Signature Global announced plans to raise ₹875 crore through the issue of non-convertible debentures to refinance debt and expand business. The company will use ₹450 crore to refinance its existing debt, while the remaining amount will be used for business growth. Aggarwal said the company is targeting to raise funds by the end of August, subject to shareholders' approval.
Signature Global started its business focusing on affordable housing projects but shifted its focus to mid-income, premium, and luxury segments due to high land costs in Gurugram. The company posted a net profit of ₹101.2 crore last fiscal, a significant increase from ₹16.32 crore in the preceding year. Its total income grew to ₹2,637.99 crore in the last fiscal from ₹1,324.55 crore in 2023-24.
Since its inception, Signature Global has delivered 13.5 million square feet of housing projects and has a strong pipeline of about 21.6 million sq ft of saleable area in upcoming projects, along with 46.38 million sq ft of ongoing projects, targeted for completion within the next 2-3 years.
Frequently Asked Questions
What is the total investment for the new housing project in Gurugram by Signature Global?
Signature Global will invest ₹2,200 crore to develop the new housing project in Gurugram.
What is the name of the new premium residential project launched by Signature Global in Gurugram?
The new premium residential project is called 'Cloverdale'.
How many apartments will the 'Cloverdale' project comprise?
The 'Cloverdale' project will comprise 770 apartments.
What is the expected completion date for the 'Cloverdale' project?
The 'Cloverdale' project is scheduled to be completed by 2031.
How much land has Signature Global purchased in Gurugram for its projects?
Signature Global has purchased 48 acres of land in Gurugram for its projects.
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