ACC India secures ₹320 crore deal with Signature Global

ACC India to execute civil, structural, and MEP work for Signature Global’s four-acre residential project in Gurugram.

In order to complete civil, structural, and a portion of the MEP (mechanical, electrical, and plumbing) work for its planned residential group housing project in Sector 84, Gurugram, Haryana, real estate developer Signature Global, based in Gurugram, has selected ACC India Pvt Ltd. A total contract value of ₹ 320 crore is specified in the Letter of Intent (LOI), dated September 12, 2024. The project is a 27-month completion timeframe and a three-month grace period before final transfer of the work is expected to occur.

The four and a half-acre residential project is expected to grow into one of the area’s tallest constructions. Lalit Aggarwal, Vice Chairman of Signature Global, states, “This is going to be one of the finest projects that we will be executing and will be a crowning jewel in our portfolio.” With a 36 percent market share in the inexpensive and mid-range housing segments, the firm has already established itself as a leader in the Gurugram market.

Since its founding in 2014, Signature Global has completed a variety of projects totalling about 11 million square feet of real estate, giving inhabitants access to over 30,000 dwellings. With this latest project, the business hopes to expand its portfolio and meet the increasing demand in the increasingly urbanising region of Gurugram for premium residential buildings.

Prominent investors in the company include Kotak, Nomura, HDFC, IFC, Standard Chartered, and Bandhan Mutual Fund. With a pipeline of planned projects totalling about 32.2 million square feet of saleable space, Signature Global is really an outstanding portfolio. Furthermore, during the next two to three years, 16.4 million square feet of active projects are scheduled for completion.

The successful completion of Signature Global’s most recent project will be greatly aided by ACC India Pvt Ltd, which has a track record of completing significant projects throughout India. “ACC has been associated with landmark developments like The 42 (62 floors, 255 meters), 88 East Kolkata by Tata Housing & Keventers, and World ONE (84 floors, 285 meters) by Lodha Developers in Mumbai,” says Ani Ray, Managing Director of ACC India Pvt Ltd. “We are thrilled to apply the same degree of accuracy and knowledge to this new project in Gurugram.”

In the Delhi-NCR region, ACC India is also presently working on a number of high-profile projects, including as developments for DLF, TARC, Unity Group, and other companies in significant cities. ACC India is well-equipped to guarantee the prompt completion and excellent execution of Signature Global’s new residential towers attributable to their experience managing large-scale projects.

The project’s announcement highlights Gurugram’s rising residential demand, which is fuelled by the city’s quick infrastructural development and close proximity to Delhi, making it a popular location for real estate development.

For more details, visit: https://www.acclimited.com/

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