Signature Global and RMZ Form ₹16,000 Crore Joint Venture for Mega Commercial Project in Gurugram

New Delhi, March 30th, 2026:

In a move that significantly reshapes the commercial real estate landscape of the National Capital Region, Signature Global (India) Ltd. has announced a landmark partnership with RMZ Group to develop a massive mixed-use project in Gurugram. As part of the agreement, 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 now 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.

According to a press release, 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. This venture marks a strategic pivot for Signature Global, representing its first large-scale foray into commercial real estate development within its existing land portfolio and signaling a major diversification of its business operations.

The collaboration aims to leverage the distinct competitive advantages of both firms. Signature Global brings to the table its extensive execution capabilities and deep-rooted understanding of the Delhi-NCR market dynamics. Conversely, RMZ contributes its specialized expertise in the design, leasing, and management of large-format commercial and mixed-use assets. 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.

Pradeep Aggarwal, Founder & Chairman of Signature Global (India) Ltd., expressed high expectations for the partnership, stating, “Today represents a significant milestone in Signature Global’s growth as we expand our development portfolio with this large-scale mixed-use project. The successful closing of this transaction and the receipt of RMZ’s investment further bolsters our financial standing and reinforces the market’s confidence in our execution capabilities. The Southern Peripheral Road has consistently evolved into a premier hub for both residential and commercial growth, backed by robust infrastructure and seamless connectivity.”

The formalization of the deal was concluded through a Securities Subscription and Purchase Agreement (SSPA) between Signature Global, GCL, and Millennia Realtors Private Limited, an RMZ entity. The investment not only provides a significant capital boost but also sets the stage for one of the largest mixed-use projects in the region. 

Highlighting the long-term vision of the company, Aggarwal added, “This partnership with RMZ unites our complementary strengths and deep domain expertise, allowing us to deliver a high-quality, future-ready development. As our inaugural commercial project of this magnitude, it reflects our unwavering commitment to creating long-term value and providing best-in-class developments for our customers and stakeholders.”

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