Gurgaon has not only become the corporate hub of India but it has also emerged out as leading real estate development center in North India. The millennium city has seen migration from all parts of India and now experiencing people getting settle in the same city near their workplace. The rising demand for residential offerings be it apartments, flats, bungalows or integrated townships has caught the attention of big to small realty firms.
The rat race among leading real estate developers has given the city some of the most amazing residential developments of India. Whether you are looking for luxury or affordable housing segment, you will get perfect mix if both in Gurgaon. Realty giant, Signature Global is going to invest over Rs 500 crore in coming four years in order to develop two new affordable housing projects in Gurgaon, Haryana, as confirmed by top official of the company.
The two affordable housing projects comprises of around 2,400 units which will be developed under the Haryana government’s affordable housing policy. Founder and Chairman of the Signature Global, Pradeep Aggarwal said, “We are launching two new affordable housing projects in Gurgaon. We will construct around 2400 units,”. He further stated that the demand for affordable homes remains intact despite the country is affected by the COVID-19 pandemic.
When asked about the project’s cost Aggarwal said the company would invest over Rs 500 crore on the development of these two projects.
One of these two projects is the project Signature Global Superbia located in Sector 95. This affordable residential development is spread over 7.3 acre and will have 1,061 housing units. The other project is named Signature Global the Millennia 3 which is spread over the 9.1-acre and located in Sector 37D. This project is in joint venture with the land ower and comprises of 1,322 units housing units.The selling prices of the 2 BHK Milennia 3 units start from over Rs 23 lakh. The company’s founder and Director Mr. Pradeep Aggarwal said the company will fund these two projects from internal accruals. Company’s current debt position is of around Rs 600 crore.