Signature Global awards contracts worth ₹567 cr for housing project in Gurugram

Signature Global on Wednesday said it has awarded construction contracts worth ₹567.37 crore to build its housing project in Sohna, Gurugram.

The company has given ₹482-crore contract to B L Gupta Construction (P) Ltd, while Shri Balaji has been given work worth ₹85.37 crore for the project ‘Daxin Vistas,’ the company said in a statement.

B L Gupta Construction will construct 2,792 independent floors in 36 months, while Shri Balaji will handle critical external development works, including the sewage treatment plant, stormwater drainage, irrigation, rainwater harvesting and other essential infrastructural enhancements.

Lalit Kumar Aggarwal, Co-founder and Vice Chairman of Signature Global, said, “At Signature Global, our commitment has always been to deliver quality construction that exceeds customer expectations.” Signature Global has sold properties worth ₹8,670 crore during April-December period of this fiscal, registering a sharp rise from ₹3,120 crore in the year-ago period.

The company has set a target of achieving sales booking worth ₹10,000 crore in the current fiscal year as against ₹7,270 crore in the preceding year.

It has so far delivered 120 lakh square feet of housing area and has a robust pipeline of 350 lakh square feet of saleable area in its forthcoming projects, along with 158 lakh square feet of ongoing projects.

The company has been buying land to expand its business amid strong demand.