Signature Global And RMZ Launch Large Commercial Project In Gurugram

20 Feb 2026 CW Team

Under the transaction, RMZ will acquire a 50 per cent equity stake in Gurugram Commercity Limited (GCL), a wholly owned subsidiary of Signature Global, through a combination of share purchase and share subscription under a securities subscription and purchase agreement. RMZ will invest Rs 12,830 mn to fund the acquisition. The joint venture will be held on a 50:50 basis and will bring together capital and development resources to take the project forward.

Project documentation indicates a Floor Space Index (FSI) of three point nine four million square feet (mn sq ft) for the development, which will provide substantial leasable area for offices, hospitality and retail formats. Signature Global will contribute execution and construction capabilities and local operational knowledge of the Delhi-NCR market while RMZ will provide expertise in designing, leasing and managing large commercial and mixed-use developments. The partnership aims to deliver a future ready commercial destination.

The total capital value of the development on completion is estimated at Rs 140,000–160,000 mn, placing the project among the region's larger mixed-use schemes. Company statements indicated that the Southern Peripheral Road has emerged as a key corridor for both residential and commercial growth with improving infrastructure and occupier demand. Both partners expect the project to create long term value for occupiers and investors and to strengthen Signature Global's portfolio diversification into large scale commercial real estate.

Signature Global (India) Ltd and RMZ have formed a 50:50 joint venture to develop a large mixed-use project on the Southern Peripheral Road in Gurugram. The partnership will develop office buildings, hotels and retail spaces on land held by Signature Global, marking a major step in the developer's expansion into institutional grade commercial assets. The deal was announced in New Delhi and involves a wholly owned subsidiary of Signature Global as the project vehicle. Under the transaction, RMZ will acquire a 50 per cent equity stake in Gurugram Commercity Limited (GCL), a wholly owned subsidiary of Signature Global, through a combination of share purchase and share subscription under a securities subscription and purchase agreement. RMZ will invest Rs 12,830 mn to fund the acquisition. The joint venture will be held on a 50:50 basis and will bring together capital and development resources to take the project forward. Project documentation indicates a Floor Space Index (FSI) of three point nine four million square feet (mn sq ft) for the development, which will provide substantial leasable area for offices, hospitality and retail formats. Signature Global will contribute execution and construction capabilities and local operational knowledge of the Delhi-NCR market while RMZ will provide expertise in designing, leasing and managing large commercial and mixed-use developments. The partnership aims to deliver a future ready commercial destination. The total capital value of the development on completion is estimated at Rs 140,000–160,000 mn, placing the project among the region's larger mixed-use schemes. Company statements indicated that the Southern Peripheral Road has emerged as a key corridor for both residential and commercial growth with improving infrastructure and occupier demand. Both partners expect the project to create long term value for occupiers and investors and to strengthen Signature Global's portfolio diversification into large scale commercial real estate.

Resources

17 Apr 2026

Origen Realty appoints Poulomi Ray as CMO

Origen Realty has appointed Poulomi Ray as Chief Marketing Officer, strengthening its leadership team as it advances its growth and brand strategy. Poulomi Ray brings nearly two decades of experience in brand building and marketing across real estate and hospitality sectors, with prior roles at Signature Global, DLF Limited, Paras Buildtech, MGM International and Hilton. In her new role, she will lead marketing and brand direction at Origen Realty, focusing on visibility, differentiation and market engagement as the company progresses its integrated development plans in Gurugram. Commenting..

Building Material

17 Apr 2026

Haver & Boecker Niagara to showcase solutions at Hillhead

Haver & Boecker Niagara will showcase its mineral processing technologies at Hillhead 2026, scheduled from June 23–25 in Buxton, UK.At Stand PA3, the company will present its end-to-end solutions including screeners, screen media and advanced diagnostics, with a focus on improving efficiency, uptime and throughput for aggregates producers.Highlighting its screen media portfolio, the company will feature Ty-Wire media with hybrid design offering up to 80 per cent more open area, alongside FLEX-MAT® solutions designed to enhance wear life and throughput while reducing blinding and cloggin..

Real Estate

17 Apr 2026

CREDAI-MCHI meets Maharashtra Revenue Minister on issues

Navin’s, a Chennai-based real estate developer, has won the 17th CIDC Vishwakarma Award 2026 for its residential project Navin’s Hanging Gardens located on Arcot Road, Valasaravakkam. The award was presented by the Construction Industry Development Council (CIDC) under the category of Best Construction Projects, recognising the development’s achievement in innovation, design excellence and sustainability.The award was received by Chandrasekar PN, General Manager, Technical, Navin’s, at the ceremony held in New Delhi.Inspired by the legendary Hanging Gardens of Babylon, the project has ..