Signature Global launches second phase of premium projects in Gurugram

Real estate firm Signature Global launched the second phase of its two luxurious independent floors projects on Friday.

The realtor will deliver the remaining 50 per cent of the units to customers in the second phase of the projects.

Signature Global City 37 D, the company’s first project, is located in Sector 37 D, while SG City 81, another project, is located at sector 81 Gurugram. Both are premium luxury offerings.

The first project has a total 536 units of 2 and 3 BHK independent floors. Independent floors of the project cost between Rs 82 lakh and Rs 1.29 crore. The other project, SG City 81, has 408 units of 2 and 3 BHK independent floors in the second phase. Their price range is Rs 89 lakh-Rs 1.06 crore.

The realty firm currently focuses on affordable and mid segment housing.

The company has grown its operations over the years and as of March this year, it had sold 23,453 residential and commercial units in Delhi-NCR region, with an aggregate saleable area of 14.59 million sq ft.

Its sales bookings (net of cancellation) have grown at a CAGR of 142.62 per cent, from Rs 440 crore in 2019-2020 to Rs 2,590 crore in the financial year 2022.

“Due to the pandemic, consumers’ daily needs have witnessed a paradigm shift, and they now prefer open green spaces around their homes as well as amenities within the vicinity. The work-from-home culture also prompted a need for extra space. As a result of consumer demand, we are trying to offer more advanced and new-age amenities in our Independent floors," said Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd.

The projects have been designed by noted architect Hafeez Contractor. These independent floors would be developed under state housing DDJAY policy (Deen Dayal Awas Yojna) and superfluous with EDGE certification (a global green certification provided by IFC, finance arm of World Bank).

“We have strategically focused on central and state government policies supporting affordable housing, specifically the Affordable Housing Policy (AHP), 2013 notified by the Town and Country Planning Department, Government of Haryana and the Affordable Plotted Housing Policy or the Deen Dayal Jan Awas Yojana (DDJAY-APHP),” said the company.

Moreover, SG City 37 D is well connected with proposed National Highway Pataudi Road, Dwarka Expressway, NH-8 and Hero Honda Chowk and another project which is SG city 81 is well positioned and has smooth access to Cyber City, Udyog Vihar, Golf course extension road, Sohna and Manesar.