Signature Global (India) Ltd. announced a strategic 50:50 joint venture with RMZ, a leading commercial real estate developer, to develop a large mixed-use project in Gurugram. RMZ will invest ₹1,283 crore to acquire a 50% stake in Signature Global’s subsidiary, GCL. The project, located on the Southern Peripheral Road, is expected to reach a total capital value of ₹14,000–16,000 crore upon completion, marking Signature Global’s major foray into large-scale commercial development.
Strategic Joint Venture for Commercial Development
Signature Global (India) Ltd. has entered into a significant agreement with RMZ, an established asset manager and developer of commercial real estate in India. The collaboration aims to develop a large-scale mixed-use project, including office buildings, hotels, and retail spaces, situated on the Southern Peripheral Road (SPR) in Gurugram.
The partnership structure is a 50:50 joint venture. Under the Securities Subscription and Purchase Agreement (SSPA), RMZ will inject capital totaling up to INR 1,283 crore to acquire a 50% equity stake in Gurugram Commercity Limited (GCL), a wholly owned subsidiary of Signature Global.
Project Scale and Value
This development is positioned to be one of the largest mixed-use projects in the region. The estimated total capital value upon completion is projected to be in the range of INR 14,000–16,000 crore. The site boasts a substantial Floor Space Index (FSI) of 3.94 million square feet.
This venture represents Signature Global’s first major entry into large-scale commercial real estate development utilizing its existing land portfolio, underscoring a strategic move toward portfolio diversification.
Synergies and Vision
The partnership is designed to combine Signature Global’s expertise in execution and construction capabilities within the Delhi-NCR market with RMZ’s extensive experience in designing, leasing, and managing large commercial assets.
Mr. Pradeep Aggarwal, Founder & Chairman of Signature Global, noted that the partnership brings complementary strengths necessary to deliver a high-quality, future-ready development, reflecting the company’s commitment to creating long-term value. Manoj Menda, Corporate Chairman, Supervisory Board, RMZ, emphasized that the project aligns with RMZ’s focus on institutional-grade assets with long-term leasing potential.
Company Highlights
Signature Global Performance
As of 9MFY26, Signature Global has delivered 16.5 million square feet of real estate. The company reported sales bookings of INR 102.9 billion in FY25 and has achieved an impressive Compound Annual Growth Rate (CAGR) of 58% in sales between FY22 to FY25. The company also achieved a strong debut in the 2025 GRESB assessment, scoring 84 overall.
About RMZ
Founded in 2002, RMZ is an alternative asset owner and operator, having developed and owning over 70 million square feet of real assets across six major Indian cities, with assets valued in excess of US$20 billion. RMZ utilizes an integrated owner-operator model focused on creating long-horizon platforms through disciplined capital allocation.
Source: BSE
