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Signature Global (India) Limited (SGIL) is expanding its footprint in Gurugram through Sternal Buildcon and Signatureglobal Homes, two of its subsidiaries. A roughly 3.80625-acre land in Sector 37D will house about 6 lakh square feet of residential space, using the area’s growing potential.
Moreover, there is the probability of developing around 2.7 million square feet on a bigger 14.65-acre property in Gadauli Kalan. These purchases demonstrate SGIL’s proactive approach to meeting growing housing demand in Gurugram’s competitive real estate market, with an emphasis on the inexpensive and mid-range segments.
With two major land acquisitions, Signature Global (India) Limited (SGIL), a developer renowned for its emphasis on mid-range and affordable homes, is increasing its footprint in major areas of Gurugram.
Signature Global Acquires Prime Land Parcel In Sector 37D Gurugram
With these acquisitions, they will be able to provide purchasers in the expanding metropolis with additional alternatives. Through its companies, Signature Global has lately acquired large tracts of land with the goal of increasing the amount of residential construction it can do in key places.
Sternal Buildcon, a subsidiary of Signature Global, acquired a land parcel in Sector 37D, Dwarka Expressway, Gurugram, that is around 3.80625 acres in size. There is a chance to build about 6 lakh square feet of residential space with this acquisition.
Promising Sector 37D is well-known for its potential for expansion and its proximity to important facilities and infrastructure. In addition, a bigger piece of land in Gadauli Kalan, which is also in Sector 37D, was purchased by Signature Global Homes, a different Signature Global company, in May 2024.
Signature Global’s Aggressive Land Acquisitions In Growing Residential Locations
This 14.65-acre parcel has a significant amount of potential for residential construction, with an estimated 2.7 million square feet of space available. Signature Global’s position in the area is further strengthened by the acquisition of Gadauli Kalan, which makes it possible to provide a wide range of residential options.
These calculated land purchases highlight Signature Global’s aggressive strategy for growing its footprint in residential locations with strong demand. The firm wants to satisfy the changing housing demands of the market and take advantage of expansion prospects by procuring premium plots in strategic places such as Sector 37D, Gurugram.
Signature Global Has Significantly Increased Its Real Estate Holdings In Gurugram
It is anticipated that the projects on these recently purchased properties would make a substantial contribution to Signature Global’s portfolio and enhance its competitive position in the real estate industry.
With these two recent purchases, Signature Global has significantly increased its real estate holdings in Gurugram, acquiring a combined total of about 18.45 acres of land.
The firm will be able to meet the growing demand for mid-range and inexpensive housing in the city thanks to the increased development area. The projects that are scheduled to take place in these locations have not yet had their specifics revealed.
Signature Global Encouraging The Gurugram Real Estate Market
A mix of apartments and villas geared toward middle-class families and first-time homebuyers are expected to be offered in these developments, which range in size from 3.8 acres to 14.65 acres and have potential development space between 6 lakh square feet and 2.7 million square feet, given Signature Global’s emphasis on affordability.
The development intentions of Signature Global are encouraging for the Gurugram real estate market. More housing alternatives are anticipated, especially in the cheap and mid-range categories, which could help customers seeking high-quality homes at reasonable pricing. The stabilisation of home prices in Gurugram may be facilitated by this rise in the availability of dwellings.
Source-ET
