Realty agency Signature International has shaped a three way partnership with RMZ Group to develop a business challenge in Gurugram with a complete funding of round ₹7,500 crore.
Gurugram-based Signature International and Bengaluru’s RMZ Group have shaped a 50:50 three way partnership to develop an 18-acre business challenge at Southern Peripheral Street (SPR), Gurugram.
The challenge could have a leasable space of 55 lakh sq. ft, of which about 35 million sq ft could be prime workplace area, and the remaining space for retail areas and two accommodations of round 500 rooms every.
RMZ has dedicated an funding of ₹1,283 crore to accumulate a 50 per cent fairness stake within the challenge, Signature International stated in a regulatory submitting on Saturday.
As a part of the transaction, Signature International subsidiary agency Gurugram Commercity Ltd (GCL) and RMZ entity Millennia Realtors have entered right into a Securities Subscription and Buy Settlement (SSPA).
Underneath the SSPA, RMZ entity will purchase a 50 per cent fairness stake in GCL by a mixture of share buy and share subscription.
The JV agency owns an 18-acre land parcel.
“With this JV with RMZ Group, we’re getting into into large-scale business actual property improvement in an enormous method,” Signature International Chairman Pradeep Aggarwal instructed reporters right here.
He stated the corporate, primarily within the housing section, has created a platform with RMZ Group, which has experience to develop business property.
Requested in regards to the complete funding, Signature International CEO Rajat Kathuria stated it will be round ₹7,500 crore, together with land and development prices.
The whole capital worth of the event upon completion is anticipated to be within the vary of ₹14,000-16,000 crore, the submitting stated.
Manoj Menda, Company Chairman, Supervisory Board, RMZ, stated the corporate intends to increase its partnership with Signature International for business tasks throughout the nation.
Menda stated the demand for workplace areas in India stays sturdy.
International Functionality Centres (GCCs) are main drivers of premium workspaces, he added.
Menda asserted that the workplace demand wouldn’t be impacted due to the work-from-home and hybrid mannequin.
He additionally dominated out any impression of AI (synthetic intelligence) on the Indian job market.
“The Southern Peripheral Street is quickly rising as a most well-liked business hall, supported by sturdy occupier demand and enhancing infrastructure,” Menda stated.
This challenge aligns nicely with RMZ’s give attention to growing institutional-grade business property with long-term leasing potential.
“Signature International’s execution capabilities and deep understanding of the Delhi-NCR market make them a perfect associate,” Menda stated.
Signature International was the fifth-largest listed actual property agency final fiscal, with gross sales bookings of Rs 10,290 crore.
The corporate has delivered 16.5 million sq. ft of actual property.
RMZ Group is principally into business actual property.
Based in 2002, RMZ has developed and owns over 70 million sq. ft of property throughout six main Indian cities, with property in extra of $20 billion.
Revealed on February 14, 2026
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