Signature Global (India) Ltd. has announced a landmark joint venture with RMZ to develop a large-scale mixed-use commercial project on Gurugram’s Southern Peripheral Road (SPR). Under the agreement, RMZ will invest ₹1,283 crore to acquire a 50% equity stake in Gurugram Commercity Limited (GCL), a wholly owned subsidiary of Signature Global, through a combination of share purchase and subscription.
The project, with a Floor Space Index (FSI) of 3.94 million sq. ft., will comprise office buildings, hotels, and retail spaces. Upon completion, the development is expected to have a total capital value of ₹14,000–16,000 crore, positioning it among the largest mixed-use projects in the region.
This marks Signature Global’s first major foray into large-scale commercial real estate development, diversifying its portfolio beyond residential housing. The partnership leverages Signature Global’s strong execution capabilities and deep knowledge of the Delhi-NCR market, alongside RMZ’s expertise in designing, leasing, and managing institutional-grade commercial assets.
Commenting on the milestone, Pradeep Aggarwal, Founder & Chairman of Signature Global, 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.”
Manoj Menda, Corporate Chairman of RMZ, added: “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. Together, we aim to create a high-quality, future-ready commercial destination that delivers sustained value for occupiers and investors.”
Signature Global, known for its dominant position in affordable and mid-segment housing in NCR, has delivered 16.5 million sq. ft. of real estate to date and maintains a robust pipeline of over 55 million sq. ft. across ongoing, forthcoming, and recently launched projects. With this venture, the company signals its strategic evolution into premium commercial real estate, reinforcing its commitment to quality, sustainability, and long-term value creation.
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