New Delhi, Delhi, 1st of April, 2026 : Signature Global (India) Ltd. (BSE: 543990 | NSE: SIGNATURE), one of India’s leading real estate development companies, today announced that it has successfully secured an investment of ₹1,293 crore from RMZ group. The investment secures RMZ a 50% equity stake in Gurugram Commercity Limited (GCL), which was a wholly owned subsidiary of Signature Global.
Following the completion of the transaction, Signature Global and RMZ have formed a 50:50 joint venture to develop a large-scale mixed-use commercial project on the Southern Peripheral Road (SPR) in Gurugram. The development will comprise office spaces, hotels, and retail components.
As part of the transaction, Signature Global, Gurugram Commercity Limited (GCL), and Millennia Realtors Private Limited (an RMZ entity), have executed a Securities Subscription and Purchase Agreement (SSPA). Pursuant to this, RMZ has acquired a 50% equity stake in GCL through a combination of share purchase and share subscription, for an aggregate consideration of INR 1,293 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 project development represents the Company’s first large sized commercial real estate development within its existing land portfolio, marking a strategically significant and aspirational milestone in its portfolio diversification.
The joint venture leverages the complementary strengths of both partners, with Signature Global offering robust execution and construction capabilities and deep understanding of the Delhi-NCR market, while RMZ adds its expertise in designing, leasing, and managing large commercial and mixed-use developments.
Upon completion, the development is expected to have a total capital value of INR 14,000–16,000 crore, placing it among the larger mixed-use projects in the region.
Commenting on the development, Mr. Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd., said ““Today represents a significant milestone in Signature Global’s growth as we expand our development portfolio with this large-scale mixed-use project. The successful closing of this transaction and the receipt of RMZ’s investment further bolsters our financial standing and reinforces the market’s confidence in our execution capabilities. The Southern Peripheral Road has consistently evolved into a premier hub for both residential and commercial growth, backed by robust infrastructure and seamless connectivity.
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