Signature Global's shares surge after closing sales worth Rs 2700 crore in its Gurugram project

Real state development company Signature Global saw its shares jump 6% intraday on Monday, before closing 2.5% higher at Rs 1422. This comes as the company on Sunday announced the launch and sales success of its premium residential project in Gurugram.

Gurugram residential project

As per the company, the project has received expressions of interest of more than twice the number of apartments to be sold. Since the expression of interest, the ongoing allotment process has achieved remarkable sales of over Rs 2700 crore till now.

The real estate firm further expects the total sales figure to increase significantly after the finalization of the allotment, setting a new benchmark in the region's premium housing segment.

The Signature Global's project will be implemented in two-phase with a total sales potential area of 3.7 million sq. ft. The first phase comprises 2.1 million sq. ft. and the remaining 1.5 million sq. ft. The company is expecting to launch the second phase soon. This project launch is part of land parcels with a sales potential of 17 million sq. ft. in Sector 71, Gurugram.

The project comprises of 608 uber-premium 3.5 BHK (3 to a core) and exclusive 4.5 BHK (2 to a core) condominiums, with 26-feet and 28-feet-long decks, respectively, along with a triple-height entrance lobby and 7 lagoon pools. This is designed by renowned architects including DPC from Singapore, MPFP from the USA, Confluence, NMP Design, Senelac Consultants, and Vintech Consultants.

The company also revealed that the entire process, from expression of interest (EOI) to allotment, booking, and payment, was conducted digitally.

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