Signature Global has awarded a construction contract worth ₹1,144 crore to Ahluwalia Contracts for the development of its luxury residential project, 'De-luxe DXP,' in Sector 37D, Gurugram. Spanning over 16.65 acres, the project will feature 1,008 housing units with a developable area of 28.12 lakh square feet. The partnership ensures timely completion and delivery of top-tier amenities. The project achieved a record pre-sale of ₹3,600 crore within days of its pre-launch. Signature Global aims to meet its ambitious sales targets and continues to expand its presence in India's real estate market.

Major Contract Awarded to Ahluwalia Contracts

₹1,144 Crore Contract: Signature Global, a leading real estate developer, has awarded a ₹1,144 crore construction contract to Ahluwalia Contracts for its luxury residential project 'De-luxe DXP' in Gurugram. This sizable contract reflects the company’s commitment to delivering high-quality residential units within the stipulated timeline.

Luxury Project Details: The 'De-luxe DXP' project will be located in Sector 37D, Dwarka Expressway, and will span 16.65 acres. With a total of 1,008 units, the project is set to cater to the growing demand for luxury housing in Gurugram. The developable area of the project stands at 28.12 lakh square feet.

Commitment to Quality and Timely Delivery

Partnership for Timely Completion: Signature Global has partnered with Ahluwalia Contracts to ensure timely delivery of the project, emphasizing the importance of quality construction and best-in-class amenities. According to Lalit Kumar Aggarwal, Vice Chairman of Signature Global, this collaboration is crucial to fulfilling the company’s commitment to delivering luxury housing projects on time.

Completion Timeline: Ahluwalia Contracts aims to complete the construction within five years, ensuring that the project progresses on schedule while maintaining high standards of quality.

Record Pre-Sale Success

₹3,600 Crore Pre-Sale: Signature Global’s luxury project achieved an unprecedented pre-sale of ₹3,600 crore within just a few days of its pre-launch. This reflects strong buyer interest in premium housing on Dwarka Expressway and the company's reputation for delivering high-value residential projects.

Expanding Project Pipeline

11 Million Square Feet Delivered: To date, Signature Global has delivered 11 million square feet across various projects, solidifying its position as a major player in the real estate market.

Future Growth Plans: The company’s pipeline includes 32.2 million square feet of saleable area in upcoming projects, alongside 16.4 million square feet in ongoing projects, indicating a robust growth trajectory for Signature Global.

Ambitious Sales Targets for 2023-24

₹7,270 Crore Sales in FY 2023-24: Signature Global achieved sales bookings of ₹7,270 crore in the previous fiscal year. This significant figure demonstrates the company’s strong market position and its ability to attract high-demand buyers.

₹10,000 Crore Sales Target: Looking ahead, Signature Global has set an ambitious sales target of ₹10,000 crore for the current fiscal year, reinforcing its commitment to expanding its footprint in the luxury housing segment while maintaining consistent growth in revenue.