Signature Global has launched 9 projects in Gurugram comprising 9,400 flats under Haryana government's affordable housing policy. The company Wednesday delivered its first housing project 'Solera' comprising 1,000 units. This project was launched in 2015.
He said the company is planning to launch five housing projects in Gurugram and one in Ghaziabad comprising 7,000 units.
The total construction cost is estimated at around Rs 1,000 core, he said.
Signature Global, which is into affordable housing, recently announced plans to invest Rs 100 crore to develop its first shopping mall at Ghaziabad in Uttar Pradesh.
The total saleable area is 1 lakh sq ft in this shopping mall, which is expected to be operational by the end of the next year.
The 9 housing projects launched in Gurugram are in Rs 15-25 lakh price range.
It has also started one housing project at Karnal in Haryana comprising 350 units. In these 10 projects, the company is constructing 2.5 lakh sq ft of commercial area as per the rules.
With affordable housing segment getting infrastructure status in the last year's Budget, real estate developers are focussing on low cost homes. The government is also providing an interest subsidy on loans for affordable housing, besides levying lower GST of 8 per cent.
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