Signature Global Partners with RMZ for Commercial Development, Secures ₹1,293 Crore Investment
Signature Global (India) Ltd. (BSE: 543990 | NSE: SIGNATURE) announced a partnership with RMZ group, securing an investment of ₹1,293 crore for a 50% equity stake in Gurugram Commercity Limited (GCL), a subsidiary company.The investment will be used to jointly develop a large-scale mixed-use commercial project on the Southern Peripheral Road (SPR) in Gurugram. The project, with a Floor Space Index of 3.94 million square feet, is expected to have a total capital value of approximately ₹14,000-16,000 crore upon completion. The development will include office spaces, hotels, and retail components.
RMZ acquired the 50% stake through a combination of share purchase and share subscription. Signature Global will contribute its execution and construction capabilities and understanding of the Delhi-NCR market, while RMZ brings expertise in designing, leasing, and managing commercial developments.
“Today represents a significant milestone in Signature Global's growth," said Mr. Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd. "The successful closing of this transaction further bolsters our financial standing and reinforces the market's confidence in our execution capabilities."
As of 9MFY26, the company has delivered 16.5 million square feet of real estate, with a development pipeline including 21 million square feet of recently launched projects. Sales bookings for FY25 totaled ₹102.9 billion.
About Signature Global (India) Ltd:
Signature Global is a leading real estate development company in northern India. Backed by investors including Nomura, HDFC, and IFC, the company holds a 13% market share in the National Capital Region (NCR) and a 20% share in Gurugram.
About RMZ:
RMZ is a privately owned alternative asset owner and operator in Asia, focusing on real estate and infrastructure. The firm has developed and owns over 70 million square feet of real assets across India.
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