Signature Global and RMZ Group Complete ₹1,293 Crore JV for ₹14,000–16,000 Crore Mixed-Use Gurugram Project
Strategic Partnership Marks Signature Global's Entry into Large-Scale Commercial Real Estate
Signature Global completed its partnership with Bengaluru-based RMZ Group on March 31, 2026, securing a ₹1,293 crore investment for a 50 per cent stake in its subsidiary, Gurugram Commercity Limited (GCL). RMZ has infused ₹1,293 crore to acquire a 50% equity stake in Gurugram Commercity Limited (GCL), which was previously a wholly owned subsidiary of Signature Global.
The two entities have formed a 50:50 joint venture to execute the project, which is expected to have an estimated total capital value of approximately ₹14,000–16,000 crore upon completion.
Project Scope and Location
The ambitious development is situated on the Southern Peripheral Road (SPR) and will feature a substantial Floor Space Index (FSI) of 3.94 million square feet. Designed as an integrated hub, the project will encompass premium office spaces, luxury hotels, and high-end retail components.
Southern Peripheral Road (SPR) in Gurugram is quickly becoming one of the most popular corridors for commercial projects, stretched over 16 kilometers from Golf Course Extension Road to NH-48. Industry analysts view the Southern Peripheral Road as an increasingly vital corridor, buoyed by improving infrastructure and its emergence as a preferred destination for both corporate and residential growth.
Complementary Strengths of Each Partner
Signature Global brings to the table its extensive execution capabilities and deep-rooted understanding of the Delhi-NCR market dynamics, while RMZ contributes its specialized expertise in the design, leasing, and management of large-format commercial and mixed-use assets.
The RMZ Group has a strong execution track record and is one of the leading players in the commercial real estate segment in Bengaluru, having developed over 25 million square feet of commercial real estate space across Bengaluru, Chennai, Hyderabad, Pune, Kolkata and Gurgaon. RMZ has an extensive tenant portfolio (250+ enterprise customers) that boasts of several high profile organisations like Google, SAP, Capgemini, Morgan Stanley, EY, KPMG, CISCO, Shell, Bosch, Boeing, HSBC, ANZ and Franklin Templeton.
Signature Global's Residential Footprint in Gurugram
Signature Global commenced its operations in 2014 through its subsidiary, Signature Builders Private Limited, with the launch of its Solera project on 6.13 acres of land in Gurugram, Haryana. Signature Global holds 13% of the housing market in the National Capital Region (NCR) and 20% share in Gurugram.
As of March 2026, the company has delivered 16.5 million square feet of real estate and has 21 million square feet under development, with projects slated for execution. The delivery cadence has been a structural strength of the company since 2017, with most projects clearing handover within six to twelve months of the original RERA-declared possession date. In a market where 24 to 36 month slippage is normal, six to twelve months is a credibility moat.
First Large-Scale Commercial Venture
This deal marks an aspirational milestone, as it represents the Company's first large-sized commercial real estate development within its existing land portfolio, signifying strategic diversification. Signature Global has effectively retained the residential development rights for the site while partnering with RMZ Corp to leverage their institutional capital and specialized expertise for a massive 3.94 million square foot commercial development.
Infrastructure Momentum on Southern Peripheral Road
An elevated SPR flyover of 5.5 km is under development, with an approximate cost of ₹750 crore, inspired by Dwarka Expressway, to improve signal-free flow and connect key highways efficiently. A proposed SPR metro line will link Rajiv Chowk, Vatika Chowk, and Manesar, streamlining public transit across new and old Gurugram.
The Haryana government has announced a massive Rs.2,000 crore investment for SPR's infrastructure upgrades in the 2025–26 budget, aimed at improving roads, connectivity, and civic amenities.