RMZ Corp has acquired a 50% stake in a subsidiary of Signature Global (India) Ltd, marking the formation of a strategic joint venture to develop a major mixed-use commercial project in Gurugram.
The investment, valued at ₹1,293 crore, has been made in Gurugram Commercity Limited through a mix of share purchase and subscription. With this, both partners will jointly develop a large-scale project along the Southern Peripheral Road, a fast-emerging real estate corridor.
Planned as a mixed-use development, the project will feature office spaces, hotels, and retail components, with a development potential of nearly 3.94 million sq ft. Once completed, it is expected to command a total value of ₹14,000 to ₹16,000 crore, placing it among the region’s significant commercial developments.
The partnership brings together complementary strengths, Signature Global’s strong execution track record and local market understanding, alongside RMZ’s expertise in commercial asset development, leasing, and management.
For Signature Global, this marks a strategic shift into large-scale commercial real estate, expanding beyond its core residential portfolio. With Gurugram continuing to evolve as a key business hub, the project reflects growing investor confidence and long-term demand for integrated commercial spaces.
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