Signature Global (India) Ltd. has entered into a strategic partnership with RMZ Group by diluting a 50% stake in its wholly owned subsidiary, Gurugram Commercity Limited (GCL), through an investment of ₹1,293 crore.
Following the transaction, Signature Global and RMZ have formed a 50:50 joint venture to develop a large-scale mixed-use commercial project on the Southern Peripheral Road (SPR) in Gurugram. The development will feature premium office spaces, hotels, and retail components.
The investment gives RMZ a 50% equity stake in GCL through a combination of share purchase and share subscription under a Securities Subscription and Purchase Agreement (SSPA) executed between Signature Global, GCL, and Millennia Realtors Private Limited, an RMZ entity.
The project will be developed on a site with a Floor Space Index (FSI) of 3.94 million sq. ft. and is expected to generate a total capital value of ₹14,000–16,000 crore upon completion, making it one of the region’s largest mixed-use commercial developments.
The project marks Signature Global’s first large-scale commercial real estate development from its existing land portfolio, representing a significant step in the company’s portfolio diversification strategy.
The joint venture combines Signature Global’s execution capabilities and expertise in the Delhi-NCR real estate market with RMZ’s experience in designing, leasing, and managing large commercial and mixed-use developments.
Commenting on the partnership, Pradeep Aggarwal, Founder & Chairman of Signature Global (India) Ltd., said the transaction represents a major milestone in the company’s growth journey and strengthens its financial position while enabling the delivery of a future-ready mixed-use development on the rapidly evolving Southern Peripheral Road corridor.
