Realty firm Signature Global has acquired 14.65 acres of land in Gurugram for around Rs 350 crore. The company plans to develop a residential project comprising 27 lakh square feet and aims to launch it in 2025-26. The company saw significant sales growth and aims for continued expansion in the luxury housing market.
Pradeep Kumar Aggarwal, chairman and whole-time director of Signatureglobal (India) said, "We aim to launch a residential project on this land in FY25-26."
Signature Global (India) board has approved the investment of Rs. 34.74 crore in the 3,47,49,900 equity shares of Rs 10 each of Gurugram Commercity for cash at par.
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