Both companies will jointly develop a large-scale commercial project, with an estimated total capital value of approximately ₹14,000–16,000 crore upon completion

New Delhi, April 01, 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.

This partnership with RMZ unites our complementary strengths and deep domain expertise, allowing us to deliver a high-quality, future-ready development. As our inaugural commercial project of this magnitude, it reflects our unwavering commitment to creating long-term value and providing best-in-class developments for our customers and stakeholders.”

The post Signature Global partners with RMZ to dilute 50% stake in a subsidiary (GCL) for commercial development, secured investment of ₹1,293 crore appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

New Delhi, February 14th, 2026: Signature Global (India) Ltd. (BSE: 543990 | NSE: SIGNATURE), one of India’s leading real estate development companies, today inked an agreement to form a joint venture with RMZ, a leading developer and asset manager of commercial real estate in India, to develop a mixed-use project comprising office buildings, hotels, and retail spaces on the Southern Peripheral Road (SPR) in Gurugram.

Under the agreement, Signature Global and RMZ will form a 50:50 joint venture, with RMZ committing an investment of INR 1,283 crore to acquire a 50% equity stake in the project.

As part of the transaction, the Company, Gurugram Commercity Limited (GCL), a wholly owned subsidiary of Signature Global, and Millennia Realtors Private Limited, an RMZ entity, have entered into a Securities Subscription and Purchase Agreement (SSPA). Under the SSPA, RMZ will acquire a 50% equity stake in GCL through a combination of share purchase and share subscription, for an aggregate consideration of up to INR 1,283 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 development marks Signature Global’s first major foray into large-scale commercial real estate development within its existing land portfolio, underscoring a strategically significant milestone in its portfolio diversification.

The joint venture brings together the strengths of both partners, with Signature Global contributing strong execution and construction capabilities along with deep operational knowledge of the Delhi-NCR market, while RMZ brings its experience in designing, leasing, and managing large commercial and mixed-use developments.

The total capital value of the development upon completion is expected to be in the range of INR 14,000–16,000 crore, positioning the project among the larger mixed-use developments in the region.

Commenting on the development, Mr. Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd., said “Today marks an important milestone in Signature Global’s growth journey as we broaden our development portfolio with a large-scale mixed-use project. The Southern Peripheral Road has steadily emerged as a key hub for both residential and commercial development, supported by strong infrastructure and connectivity. This partnership with RMZ brings together complementary strengths and deep domain expertise, enabling us to deliver a high-quality, future-ready development. As our first major commercial development of this scale, the project reflects our commitment to creating long-term value and bringing best-in-class developments to our customers and stakeholders.”

Commenting on the partnership, Manoj Menda, Corporate Chairman, Supervisory Board, RMZ said, “We are pleased to partner with Signature Global on this significant mixed-use commercial development in Gurugram. The Southern Peripheral Road is rapidly emerging as a preferred commercial corridor, supported by strong occupier demand and improving infrastructure. This project aligns well with RMZ’s focus on developing institutional-grade commercial assets with long-term leasing potential. Signature Global’s execution capabilities and deep understanding of the Delhi-NCR market make them an ideal partner. Together, we aim to create a high-quality, future-ready commercial destination that delivers sustained value for occupiers and investors.”

The post Signature Global Enters Large-Scale Commercial Development; RMZ to Acquire 50% Stake in Subsidiary for ₹1,283 Crore Gurugram Project appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.