Signature Global, a prominent real estate developer, has awarded a ₹320 crore construction contract to ACC India Pvt Ltd for its luxury housing project, ‘Twin Towers DXP,’ in Gurugram. This project is expected to be a standout addition to Signature Global’s portfolio, promising one of the tallest residential structures in the area. ACC India, known for its expertise in constructing high-rise buildings, will handle civil, structural, and part of the MEP work. This contract follows a recent ₹1,144 crore construction deal awarded to Ahluwalia Contracts for another luxury project by Signature Global, underlining the company’s aggressive expansion in the high-end real estate market.

Signature Global Awards ₹320 Crore Contract to ACC India

ACC India to Lead Construction of Twin Towers DXP

Signature Global has entrusted ACC India Pvt Ltd with a ₹320 crore contract for the construction of its luxury housing project, ‘Twin Towers DXP,’ located in Sector 84, Gurugram. The scope of the contract includes civil, structural, and part of the mechanical, electrical, and plumbing (MEP) work for all towers, basements, and ancillary buildings. This significant partnership underscores Signature Global’s commitment to delivering high-quality, luxurious residential projects in the rapidly growing market of Gurugram.

Project Overview: Twin Towers DXP

A Landmark Project Yet to Launch for Sales

Despite not being launched for sales yet, ‘Twin Towers DXP’ is positioned to be one of Signature Global’s most prestigious projects. Lalit Aggarwal, Vice Chairman of Signature Global, described the project as a “crowning jewel” in the company’s portfolio. The towers are expected to be among the tallest in the area, highlighting the collaboration with ACC India, a subsidiary of the Arabian Construction Company known for constructing notable high-rise buildings in the Middle East and India.

ACC India’s Expertise in High-Rise Construction

Proven Track Record with Landmark Projects

ACC India’s Managing Director, Ani Ray, expressed confidence in delivering the Twin Towers DXP project within the prescribed timeline. The company has a strong pedigree, having been associated with landmark high-rise projects such as World ONE in Mumbai, an 84-floor residential tower, and The 42 in Kolkata, which stands at 62 floors. This expertise will be leveraged to build Twin Towers DXP, further cementing ACC India’s reputation in the luxury construction sector.

Signature Global’s Expansion Strategy in Luxury Housing

Major Investments in High-Profile Projects

This latest contract comes on the heels of Signature Global’s ₹1,144 crore construction deal with Ahluwalia Contracts for its ‘De-luxe DXP’ project in Sector 37D, Dwarka Expressway, Gurugram. Spread over 16.65 acres, the De-luxe DXP project comprises 1,008 residential units and a developable area of 28.12 lakh square feet. Signature Global’s aggressive investment in these projects reflects its strategic focus on expanding its footprint in the luxury housing segment.

Impressive Growth and Future Pipeline

Track Record of Deliveries and Ambitious Sales Targets

Signature Global has delivered 11 million square feet of space across various projects to date. The company has an ambitious pipeline, including 32.2 million square feet of upcoming saleable area and 16.4 million square feet currently under construction. In the fiscal year 2023-24, Signature Global achieved impressive sale bookings worth ₹7,270 crore and has set a bold target of reaching ₹10,000 crore in sales for the current fiscal year, highlighting its robust market position and growth trajectory.

Signature Global’s Vision for the Future

Setting New Standards in Luxury Real Estate

Signature Global’s ongoing and future projects demonstrate a clear ambition to set new standards in the luxury real estate market. With high-profile partnerships, substantial investments, and a focus on delivering cutting-edge residential experiences, the company is poised to redefine the landscape of luxury housing in Gurugram. The Twin Towers DXP and De-luxe DXP projects are pivotal to this vision, showcasing the company’s commitment to quality, scale, and architectural excellence.

Signature Global’s strategic moves in awarding significant contracts and expanding its project pipeline signal a strong commitment to capturing the high-end real estate market, setting the stage for continued growth and market leadership in the coming years.