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RMZ picks up 50% stake for Rs.1,293-Cr in JV with Signature Global for Gurugram commercial project

BSE Announcement   Economic Times  

Realty firms Signature Global and RMZ Group have established a 50:50 joint venture to develop a commercial project in Gurugram. RMZ Group has invested INR 1,293 crore to acquire a 50% equity stake in Gurugram Commercity (GCL), which was a wholly owned subsidiary of Signature Global. The transaction was executed through a Securities Subscription and Purchase Agreement between Signature Global, GCL, and Millennia Realtors, an RMZ entity, involving a combination of share purchase and share subscription.The joint venture will develop a large-scale mixed-use commercial project on the Southern Peripheral Road (SPR) in Gurugram. Upon completion, the project is anticipated to have a total capital value ranging between INR 14,000 crore and INR 16,000 crore.RMZ Group, founded in 2002, specializes in commercial real estate and holds over 70 million sq ft of assets across six Indian cities, with total assets exceeding USD 20 Billion. Signature Global had delivered 16.5 million square feet of real estate by December 2025.