Joint Venture14 Feb 2026, 11:54 am
Signatureglobal (India) Ltd. Approves INR 1283 Crores Joint Venture with RMZ for Mixed-Use Project in Gurugram
AI Summary
Signatureglobal (India) Ltd. has approved a joint venture with RMZ for a mixed-use project in Gurugram. The project, which will utilize approximately 3.94 million square feet of FSI, will include office buildings, hotel(s), and retail space. The joint venture is expected to facilitate efficient execution of the project and enable Signatureglobal to expand its development portfolio into commercial real estate projects. The total capital value of the development post completion is expected to be in the range of INR 140-160 Bn.
Key Highlights
- Signatureglobal (India) Ltd. has approved a joint venture with RMZ for a mixed-use project in Gurugram.
- The project will include office buildings, hotel(s), and retail space, and will utilize approximately 3.94 million square feet of FSI.
- The joint venture is expected to facilitate efficient execution of the project and enable Signatureglobal to expand its development portfolio into commercial real estate projects.
- RMZ will pay a consideration of up to INR 1283 Crores to acquire 50% of the share capital of GCL.
- The total capital value of the development post completion is expected to be in the range of INR 140-160 Bn.