Signature announces ₹1,283 crore JV with RMZ for Gurugram project
after close1 source ↓written by the desknot a recommendation
- with RMZ
- 50:50 joint venture
- of Grade
- 5.5 million sq ft
- for its stake
- ₹1,283 crore
- potential expansion
- 15-20 million sq ft
Signature has formed a 50:50 joint venture with RMZ to develop 5.5 million sq ft of Grade A commercial assets in Gurugram. RMZ will invest ₹1,283 crore for its stake, with project completion targeted in five years. The venture aims for a debt-free start and potential expansion to 15-20 million sq ft.
This development is significant for the commercial real estate sector, indicating strong growth potential in Gurugram's market. 📈
Not investment advice. For informational purposes only.