Signature Global (India) Limited (SGIL), a developer known for its focus on affordable and mid-range housing, is expanding its presence in Gurugram with two key land acquisitions. The purchase will allow them to offer more options to homebuyers in the city's growing market.
Signature Global, through its subsidiaries, has recently acquired significant land, with the aim of expanding its residential development footprint in strategic locations.
In Sector 37D of Gurugram, Sternal Buildcon, a subsidiary of Signature Global, acquired a plot spread over about 3.80625 acres. The acquisition provides an opportunity to develop approximately 6 lakh square feet of residential space. Sector 37D is a promising area known for its growth potential and proximity to key infrastructure and amenities.
Additionally, in May 2024, Signature Global Homes, another subsidiary of Signature Global, acquired a large plot in Gadoli Kalan, also located in Sector 37D. The plot covers approximately 14.65 acres and offers substantial potential for residential development, estimated at approximately 2.7 million square feet. The acquisition at Gadoli Kalan further enhances Signature Global's position in the region, offering a wider and more diverse residential offering.
This strategic land acquisition signifies Signature Global's proactive approach to expanding its presence in high-demand residential markets. By acquiring prime plots in prime locations like Sector 37D, Gurugram, the company aims to capitalize on growth opportunities and meet the emerging housing needs of the market. Developments on these newly acquired lands are expected to contribute significantly to Signature Global's portfolio and strengthen its market position in the competitive real estate sector.
These two acquisitions total over 18.45 acres of land and represent a significant investment by Signature Global in the Gurugram real estate market. The additional development space will allow the company to meet the growing demand for affordable and mid-range housing in the city.
Specific details of plans for these sites have not yet been announced. However, in keeping with Signature Global's focus on affordability, it is likely that the development will offer a mix of apartments and villas ranging from 3.8 acres to 14.65 acres for first-time home buyers and middle-income families. are, with potential development space between 6. lakh sq.ft and 2.7 million sq.ft.
Signature Global's expansion plans are a positive sign for the Gurugram real estate market. An increased supply of housing options, especially in the affordable and mid-range segments, is expected to benefit home buyers looking for quality housing at competitive prices. This increase in housing supply could potentially help stabilize house prices in Gurugram.