Signature Global and RMZ Invest ₹7,500 Crore in Gurugram Commercial Project

• Signature Global and RMZ to invest ₹7,500 crore in Gurugram commercial project

• 55 lakh sq ft mixed-use development on Southern Peripheral Road

• Project value estimated at ₹14,000–16,000 crore upon completion

Gurugram: Signature Global and RMZ have announced a ₹7,500 crore investment in a landmark Gurugram commercial project spread across 18 acres on Southern Peripheral Road (SPR).

The partnership between Signature Global’s subsidiary Gurugram Commercity Ltd (GCL) and RMZ’s Millennia Realtors has been formalised through a Securities Subscription and Purchase Agreement (SSPA). Under this arrangement, the two companies have formed a 50:50 joint venture to develop the large-scale mixed-use project.

The Gurugram commercial project will feature approximately 55 lakh square feet of leasable space. Out of this, around 35 lakh square feet will be dedicated to premium office spaces, while the remaining area will house curated retail zones and two hotels with nearly 500 rooms each.

Once completed, the total capital value of the Gurugram commercial project is expected to reach between ₹14,000 crore and ₹16,000 crore, positioning it among the largest mixed-use commercial hubs in the region.

As part of the deal, RMZ, through Millennia Realtors Private Limited, will acquire a 50% equity stake in Gurugram Commercity Limited. RMZ has committed ₹1,283 crore to secure its stake via a mix of share purchase and subscription.

This Gurugram commercial project marks Signature Global’s first major entry into large-scale commercial real estate development within its existing land portfolio. Traditionally known for its strong presence in the residential housing segment, the company is now diversifying into institutional-grade commercial assets.

Pradeep Aggarwal, Founder and Chairman of Signature Global (India) Ltd., said the Gurugram commercial project represents a significant strategic shift for the company. He noted that while Signature Global has built a strong platform in housing, this joint venture with RMZ enables it to expand aggressively into commercial real estate.

On the other hand, RMZ brings deep expertise in designing, leasing, and managing large commercial districts. Manoj Menda, Corporate Chairman of RMZ’s Supervisory Board, highlighted that the Gurugram commercial project aligns with RMZ’s focus on creating integrated “design districts” that combine office spaces, hospitality, and curated retail within a unified urban ecosystem.

The Gurugram commercial project comes at a time when office demand in India remains resilient, particularly driven by Global Capability Centres (GCCs) that continue to absorb premium workspace across major cities.

Industry leaders involved in the project believe that hybrid work models and work-from-home trends have not significantly weakened office demand. Instead, companies are seeking better-quality, well-designed, and strategically located commercial spaces—something this Gurugram commercial project aims to deliver.

With its prime location on SPR, large-scale office inventory, hospitality integration, and strong developer backing, the Gurugram commercial project is expected to become a key commercial landmark in the NCR region.

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