Trilegal has advised Signature Global (India) Limited and its wholly owned subsidiary, Gurugram Commercity Limited, on a strategic transaction involving a ~₹1,283 crore purchase and subscription of shares by RMZ (Millennia Realtors Private Limited). The deal results in the formation of a 50:50 joint venture to develop a large-scale mixed-use project in Gurugram.
The proposed development, with an estimated capital value of ₹14,000–16,000 crore, will comprise premium office buildings, hotel assets, and curated retail spaces. Envisioned as a design-led commercial district on the Southern Peripheral Road, the project will utilize approximately 3.94 million sq. ft. of FSI, creating a landmark destination in one of India’s most active business corridors.
This marks Signature Global’s first large-scale commercial real estate development within its land portfolio, representing a strategically significant milestone in its diversification journey. The collaboration combines Signature’s development expertise with RMZ’s institutional commercial real estate capabilities to deliver a high-value, future-ready project.
Trilegal advised on all aspects of the transaction, including structuring, documentation, negotiations, and closing. The Corporate Team was led by Partner Ankit Kejriwal and Counsel Khushboo Sukhwani, supported by Senior Associate Radhika Bihani and Associate Aakanksha Ranjan. The Projects Team was led by Partner Rahul Arora, with support from Senior Associate Shiv Badhwar.
This transaction underscores the growing momentum in India’s commercial real estate sector, with Gurugram emerging as a hub for large-scale, mixed-use developments that blend office, hospitality, and retail into integrated business districts.
