15 , June , 2022
Signature Global has announced that it plans to invest Rs 550 crore to develop the second phase of its housing project in Gurugram. Earlier, Signature Global had raised long term capital of Rs 400 crore from HDFC Capital's realty fund.
As per a company statement, the company will construct 864 independent floors in the second phase, same as the first phase. The total project cost is Rs 550 crore for the second phase, the company said, adding that the independent floors would be sold in a price range of Rs 62-72 lakh.
“The demand of independent floors has increased in the last two years”, stated Pradeep Aggarwal, Chairman and whole-time director, Signature Global (India) Ltd.
The project -- Signature Global Park 4 & 5 -- will be developed under the Haryana government's Deen Dayal Jan Awas Yojana (DDJAY).
(WITH INPUTS TAKEN FROM PTI)
