Signature Global to infuse Rs 310 cr for affordable housing project

Realty firm Signature Global will invest Rs 310 crore for developing an affordable housing project in Gurugram’s sector 88A.

The firm declared the launch of its new project-Signature Global Imperial, spread over 8 acres of land parcel. Pradeep Aggarwal, founder and chairman of the company, told the media that in spite of the ongoing pandemic circumstances, the success of each of their affordable housing projects implies strong pent-up demand for quality homes from trusted brands.

The project will have more than 1100 1, 2 and 3 BHK units of affordable houses having a price range of Rs 17.56 lakh to Rs 28 lakh. It is self-funded by the firm and is likely to be complete in the coming four years.

The project will be completed in the following four years. Signature Global has launched 30 housing projects in the last 7-8 years, mainly in Gurugram, Sohna, and Karnal (Haryana), and out of that, seven projects have already been completed.

The company has also launched commercial projects, including a shopping mall, in Ghaziabad and Vaishali, including over a 7.5 lakh sq ft area.

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Also read: Signature Global to invest in two affordable housing projects in Gurugram