Shailender Kr Pandey
NEW DELHI, 14 February
Signature Global, one of India’s leading real estate development companies, on Saturday inked an agreement to form a joint venture with RMZ, a leading developer and asset manager of commercial real estate in India, to develop a commercial project on the Southern Peripheral Road (SPR) in Gurugram.
Under the agreement, Signature Global and RMZ will form a 50:50 joint venture.
The project will have a leasable area of 55 lakh square feet, of which about 35 million square feet would be prime office space, and the remaining area for retail spaces and two hotels of around 500 rooms each.
Manoj Menda, Corporate Chairman, Supervisory Board, RMZ, said, “We are pleased to partner with Signature Global on this significant mixed-use commercial development in Gurugram. The Southern Peripheral Road is rapidly emerging as a preferred commercial corridor, supported by strong occupier demand and improving infrastructure. This project aligns well with RMZ’s focus on developing institutional-grade commercial assets with long-term leasing potential. Signature Global’s execution capabilities and deep understanding of the Delhi-NCR market make it an ideal partner. Together, we aim to create a high-quality, future-ready commercial destination that delivers sustained value for occupiers and investors.”
