Manasum Senior Living has partnered with Signature Global to enter the Delhi-NCR market. The companies will develop 164 senior living apartments in Gurugram. The project has an estimated sales potential of ₹575 crore.
The project, named Manasum Varishta, will come up at Signature Global Sarvam at DXP Estates, Sector 37D, Gurugram. It will feature 164 three-bedroom apartments. Buyers can choose between two sizes: 1,815 sq ft and 1,840 sq ft. Each apartment will cost around ₹3.7 crore.
Project Development and Timeline
Signature Global will manage land, construction, project financing and approvals. Manasum Senior Living will handle marketing and sales. After handover, Manasum will also manage daily operations and senior living services.
The project forms part of a 14-acre development with an overall development area of around 3.6 million sq ft. The companies have awarded the construction contract and expect work to begin within a month.
Both partners aim to close sales within 12 to 18 months. They expect to hand over the project in around 48 months.
Senior Living Services
Manasum Varishta will offer services to support residents in their daily lives. These include food and beverage services, concierge assistance and housekeeping.
The community will also provide 24/7 healthcare support and an ambulance on standby. Round-the-clock community engagement activities will give residents opportunities to participate in social activities.
Devender Aggarwal, Joint Managing Director of Signature Global, said the partnership combines the developer’s construction capabilities with Manasum’s senior living expertise. He added that Signature Global will develop the project according to Manasum’s specifications. Manasum will lead sales and manage operations after handover.
Anantharam V. Varayur, Co-Founder of Manasum Senior Living, said Gurugram marks an important step in the company’s expansion into North India. He noted that the partnership will help Manasum bring its senior living model to the Delhi-NCR market.
The project marks Manasum Senior Living’s regional entry. It also adds a specialised senior housing option to Gurugram’s residential property market.
