Major Milestone for Gurugram’s Real Estate Landscape

New Delhi, 22nd September 2024: In a significant move set to reshape the luxury residential market, Gurugram-based real estate developer Signature Global has awarded a ₹320 crore contract to ACC India Pvt Ltd for the construction of its ambitious Twin Towers DXP project in Sector 84, along the rapidly developing Dwarka Expressway.

Fast-Tracked Development Timeline

The Letter of Intent, issued on September 12, 2024, outlines a 27-month timeline for project completion, with an additional three months allocated for final handover. This swift schedule underscores Signature Global’s commitment to delivering high-quality living spaces in a timely manner.

A Project with Promise

Vice Chairman of Signature Global, Mr. Lalit Aggarwal, expressed excitement about the project, describing it as “one of the finest” in the company’s portfolio. “While we can’t reveal all details before the official launch, I can say it will cover four and a half acres and showcase architectural brilliance, making it one of the tallest developments in the area,” he stated.

Expertise from ACC India

ACC India’s Managing Director, Mr. Ani Ray, emphasized the firm’s experience in high-profile projects, stating, “We are honored to partner with Signature Global for Twin Towers DXP and are committed to meeting the project’s timelines.” ACC India has a track record of constructing landmark structures across major cities, further bolstering confidence in the project’s successful execution.

Signature Global’s Expansion Plans

Since its inception in 2014, Signature Global has transformed the northern Indian housing market, initially focusing on affordable housing and now expanding into the mid-housing segment. The company commands a significant market share in Gurugram, with a delivery of 11 million square feet across various projects and a robust pipeline of approximately 32.2 million square feet slated for future development.

Supported by notable investors such as Nomura, HDFC, and Standard Chartered, Signature Global’s growth trajectory includes a remarkable sales CAGR of 62% from FY21 to FY24, with projections of ₹100 billion in sales for FY25.

As the Twin Towers DXP project unfolds, it promises to be a pivotal addition to Gurugram’s skyline, reflecting both innovation and the aspirations of a growing urban population.