Signature Global, RMZ JV to build 5.5M sq ft mixed-use project on Gurugram SPR

• Signature Global and RMZ Group form a 50:50 joint venture for a mixed-use project on Gurugram's Southern Peripheral Road (SPR).
• RMZ commits Rs 1,283 crore to acquire a 50% equity stake in the project.
• The project will feature offices, a hotel, and retail spaces, with a total development potential of 5.5 million sq ft across 17-18 acres.
• Total capital value upon completion is estimated at Rs 14,000-16,000 crore, with an investment of Rs 4,500-5,000 crore (excluding land cost).
• Signature Global also plans to develop branded residences on an adjacent 7-8 acre land parcel, partnering with the hotel chain.