Signature Global to invest Rs 400 cr in new housing project at Gurugram

Signature Global to invest Rs 400 cr in new housing project at Gurugram

Realty firm Signature Global will invest Rs 400 crore over the next four years to develop a new affordable housing project in Gurugram, Haryana.

The company will build 832 independent floors in this project located at Sohna Road, Gurugram, Haryana, Signature Global said in a statement.

This is the company”s 22nd real estate project. In last five years, Signature Global, which is mainly into affordable housing, has launched nearly 18,000 flats at Gurugram and Karnal in Haryana.

The new project ”Signature Global Park 4 and 5‘ will be developed under Deen Dayal Jan Awas Yojna at an estimated cost of around Rs 400 crore, the statement said.

The company will sell units at Rs 4,500 per sq ft.

Signature Global Chairman Pradeep Aggarwal said: “In the post COVID-19 situation people have realised the importance of their own home and aspire to buy a property to feel secure and safe. The government policies are going to support buyers in securing a good property while the home loan interest rates are also very low.”

The government is promoting affordable housing in a big way by charging only one per cent GST and interest subvention under the Credit Linked Subsidy Scheme (CLSS).

Last month, Signature Global had said it would invest Rs 225 crore to develop a project, comprising 852 units, under the Haryana government”s affordable housing policy.

Besides housing, it has also launched commercial projects, including a shopping mall, in Vaishali and Ghaziabad (Uttar Pradesh), comprising over 7.5 lakh square feet area. PTI MJH MKJ

Source : Outlook India

Related posts

Realty majors speed up project delivery with ease in lockdown restrictions

Many developers have now started giving the possession of flats to homebuyers or are planning to do...

Continue reading

Realty Majors Offer Possession, Sector Gets a Push

The following press release comes to you under an arrangement with NewsVoir. PTI takes no editorial...

Continue reading

Gurugram: Affordable Housing Scheme Extended to Vatsal Valley

Home buyers in Gurugram can now buy affordable plots at Vatsal Valley, earlier known as Gual...

Continue reading

Schedule your free site visit

NEW LAUNCH PROJECT

WITH 95 AMENITIES

-: NEW LAUNCH PROJECT :-
WITH 95 AMENITIES in SECTOR 95, GURUGRAM

Register your Interest Here

Close Bitnami banner
Bitnami