New Delhi, Delhi, 14th of February, 2026 : Signature Global (India) Ltd. (BSE: 543990 | NSE: SIGNATURE), one of India’s leading real estate development companies, today inked an agreement to form a joint venture with RMZ, a leading developer and asset manager of commercial real estate in India, to develop a mixed-use project comprising office buildings, hotels, and retail spaces on the Southern Peripheral Road (SPR) in Gurugram.
Under the agreement, Signature Global and RMZ will form a 50:50 joint venture, with RMZ committing an investment of INR 1,283 crore to acquire a 50% equity stake in the project.
As part of the transaction, the Company, Gurugram Commercity Limited (GCL), a wholly owned subsidiary of Signature Global, and Millennia Realtors Private Limited, an RMZ entity, have entered into a Securities Subscription and Purchase Agreement (SSPA). Under the SSPA, RMZ will acquire a 50% equity stake in GCL through a combination of share purchase and share subscription, for an aggregate consideration of up to INR 1,283 crore.
Located on the Southern Peripheral Road, the project will have a Floor Space Index (FSI) of 3.94 million square feet.
The proposed mixed-use development marks Signature Global’s first major foray into large-scale commercial real estate development within its existing land portfolio, underscoring a strategically significant milestone in its portfolio diversification.
The joint venture brings together the strengths of both partners, with Signature Global contributing strong execution and construction capabilities along with deep operational knowledge of the Delhi-NCR market, while RMZ brings its experience in designing, leasing, and managing large commercial and mixed-use developments.
The total capital value of the development upon completion is expected to be in the range of INR 14,000–16,000 crore, positioning the project among the larger mixed-use developments in the region.
Commenting on the development, Mr. Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd., said “Today marks an important milestone in Signature Global’s growth journey as we broaden our development portfolio with a large-scale mixed-use project. The Southern Peripheral Road has steadily emerged as a key hub for both residential and commercial development, supported by strong infrastructure and connectivity. This partnership with RMZ brings together complementary strengths and deep domain expertise, enabling us to deliver a high-quality, future-ready development. As our first major commercial development of this scale, the project reflects our commitment to creating long-term value and bringing best-in-class developments to our customers and stakeholders.”
Commenting on the partnership, Manoj Menda, Corporate Chairman, Supervisory Board, RMZ said, “We are pleased to partner with Signature Global on this significant mixed-use commercial development in Gurugram. The Southern Peripheral Road is rapidly emerging as a preferred commercial corridor, supported by strong occupier demand and improving infrastructure. This project aligns well with RMZ’s focus on developing institutional-grade commercial assets with long-term leasing potential. Signature Global’s execution capabilities and deep understanding of the Delhi-NCR market make them an ideal partner. Together, we aim to create a high-quality, future-ready commercial destination that delivers sustained value for occupiers and investors.”
About Signature Global (India) Ltd:
Signature Global, India’s leading real estate development company, is reshaping the housing market in northern India. While it initially made its mark in the affordable housing segment, the company now focuses on the mid and premium housing categories. This strategic evolution is driven by a strong emphasis on quality execution, value creation, reliability, and adherence to global standards. Backed by marquee institutional investors such as Nomura, HDFC, and IFC (lending arm of World Bank), Signature Global upholds high standards of corporate governance. Signature Global holds a market share of 13% in the National Capital Region (NCR) and 20% share in Gurugram within the price range of INR 20 million to INR 50 million. This reflects the company’s dominant position in its target micro markets.
As of 9MFY26, the company has delivered 16.5 million square feet of real estate. Its robust development pipeline includes 21 million square feet of recently launched projects, 20.7 million square feet of forthcoming developments, and 13.8 million square feet of ongoing construction, comprising projects under active construction as well as those that have received occupancy certificates. These projects are slated for execution over the next two to three years. In FY25, Signature Global reported sales bookings of INR 102.9 billion, driven by sustained demand and efficient execution. The company has achieved an impressive compound annual growth rate (CAGR) of 58% in sales between FY22 to FY25, demonstrating its consistent performance and growth momentum.
Complementing its strong growth and execution capabilities, Signature Global has reinforced its focus on sustainability and safety. The Company made a strong debut in the 2025 GRESB assessment, achieving an overall score of 84 and a perfect 100 in Leadership and Governance. It has also partnered with CECO Hirun to deploy advanced seismic safety solutions in select high-rise developments, enhancing structural resilience and safety standards.
About RMZ
RMZ is one of Asia’s leading multi-strategy, privately owned alternative asset owners and operators, anchored in India and benchmarked to global standards. The firm builds, owns, and operates a diversified portfolio of real assets and infrastructure across premium commercial real estate, mixed-use developments, logistics, hospitality, and digital infrastructure. Founded in 2002 and headquartered in India, RMZ has developed and owns over 70 million square feet of real assets across six major Indian cities, with assets in excess of US$20 billion. Operating through an integrated owner-operator model, RMZ combines development, operations, and capital management to create long-horizon platforms built to scale and endure. Guided by institutional governance and a build-to-hold philosophy, RMZ focuses on creating vital real assets and large-scale urban environments that support enterprise growth, generate employment, and enable long-term economic development. Through disciplined capital allocation and operating expertise, RMZ attracts global capital and contributes to strengthening India’s competitiveness on the global stage.
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