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Realty firm Signature Global has given Rs 320 crore contract to ACC India for construction of its luxury housing project in Gurugram. The company has appointed ACC India Pvt Ltd for civil, structure and part MEP work for all the towers, basements and other ancillary buildings for its group housing project 'Twin Towers DXP' in Sector 84, Gurugram, Haryana. The total contract value is Rs 320 crore, the company said in a statement. Signature Global has not launched this project for sales. Lalit Aggarwal, Vice Chairman, Signature Global, said, "This is going to be one of the finest projects that we will be executing and will be a crowning jewel in our portfolio." "It will be one of the tallest in the area and Arabian Construction Company, along with their Indian subsidiary ACC India, is known for constructing many prominent towers in the Middle East and India, showcasing their proven expertise in delivering this project," Aggarwal said. Ani Ray, Managing Director of ACC India Pvt Ltd
Mumbai-based Oberoi Realty has bought 63 residential units comprising over 5 lakh square feet in a luxury housing project at Worli in Mumbai. In a regulatory filing, Oberoi Realty said its shareholders had in December approved purchase/ acquisition of residential premises in the project 'Three Sixty West' constructed by Oasis Realty for up to Rs 4,000 crore. It was a material related party transaction, it added. On Saturday, Oberoi Realty said the company has concluded the purchase/ acquisition of residential premises in the project. Giving details, Oberoi Realty said the company has purchased 5,23,039 square feet carpet area. The total number of units purchased is 63, while the total amount of consideration paid by the company is Rs 3,403 crore. The stamp duty and other charges for purchase of these units are Rs 204 crore. The share of income tax liability discharged through Oasis Realty is Rs 605 crore. Consequently, Oberoi Realty said the company has recovered its entire fund