Signature Global and RMZ Group Form 50:50 Joint Venture for Gurugram Commercial Project

by- Grihik
Apr 2, 2026

Signature Global (India) Ltd and RMZ Group have joined hands to develop a large commercial project in Gurugram through a 50:50 joint venture. As part of the deal, RMZ Group is investing ₹1,293 crore for a 50 per cent stake in Gurugram Commercity Ltd, a subsidiary previously wholly owned by Signature Global.

Gurugram, April 2: Signature Global and RMZ Group have formed a 50:50 joint venture to develop an 18-acre commercial project in Gurugram. The two firms had announced their collaboration in February to create a mixed-use project with a total investment of approximately ₹7,500 crore.

Project Details

The upcoming development will feature a leasable area of 55 lakh square feet, including:

35 lakh square feet of prime office space
Retail areas
Two hotels with approximately 500 rooms each

Once completed, the total capital value of the project is expected to reach between ₹14,000-16,000 crore.

Transaction Structure

Signature Global, GCL, and Millennia Realtors Pvt Ltd (an RMZ entity) executed a Securities Subscription and Purchase Agreement, under which RMZ acquired its stake through a mix of share subscription and purchase. The land parcel required for the project is already owned by the joint venture firm.

Leadership Commentary

Pradeep Aggarwal, Founder and Chairman of Signature Global, highlighted that the project will expand the company's development portfolio and strengthen its financial position. He also noted that RMZ's investment reinforces market confidence in Signature Global's ability to execute large-scale projects.

Company Profiles

Signature Global: Till December 2025, Signature Global had delivered 16.5 million square feet of real estate and reported sales bookings of ₹10,290 crore in the 2024-25 fiscal, making it the fifth largest listed real estate company in India.

RMZ Group: Primarily focused on commercial real estate, RMZ Group has developed and owns over 70 million square feet of assets across six major Indian cities, with a total asset value exceeding USD 20 billion.