DWARKA EXPRESSWAY
Signature Global reports Rs 817.40 crore revenue in Q2FY27
Signature Global achieved a 148% increase in revenue to Rs 817.40 crore in Q2FY27 compared to the previous year. The company experienced a profit after tax of Rs 66.90 crore, reversing a previous loss of Rs 46.86 crore. Pre-sales reached Rs 1,830 crore, while collections grew 9% year-on-year to Rs 1,010 crore. Average sales realization improved by 12.3% to Rs 17,122 per sq. ft.
Rs 600 for 1,000 km journey: Nitin Gadkari proposes Rs 3 per unit for EV charging at night and Rs 5 during the day to boost EV adoption
Nitin Gadkari recommended varying electricity rates for electric vehicle charging to enhance usage in Maharashtra. He indicated that costs for traveling in electric vehicles are significantly lower than petrol or diesel cars. Gadkari mentioned the potential for solar power to support cheaper night-time electricity. He provided updates on alternative fuel technologies including electric and hydrogen-powered vehicles. Additionally, Gadkari discussed biofuels, biogas, and their role in environmental sustainability.
J Estates partners with Emoha for senior living project in Gurugram
Gurugram-based J Estates is collaborating with Emoha to develop J 36, a senior living project in Sohna. This initiative aims to integrate residential design with elder-care services for residents and their families. The project will feature 190 units with various apartment configurations and an estimated sales potential of Rs 525 crore. Emoha will contribute its expertise to enhance the resident experience through community support and wellness programs.
Landmark Group acquires 22-acre land on Dwarka Expressway
Landmark Group has acquired a 22-acre land parcel on Dwarka Expressway for integrated development. The expansion includes a corporate project in Gurugram and mixed-use development valued at Rs 11,000 crores. Landmark One aims to establish a benchmark for office infrastructure with 2.1 million sq ft of leasable area. Rs 330 crores has been raised from SBI for the construction of the first phase.
Signature Global awards Rs 496 crore construction contract for Tonino Lamborghini Residences
Signature Global has awarded a significant construction contract to B.L. Kashyap & Sons Limited for its luxury residential project. The contract, valued at approximately Rs 496 crore, is for the Tonino Lamborghini Residences in Gurugram. This project involves constructing multiple residential towers, commercial buildings, and essential infrastructure over a period of 5 to 6 years.
Signature Global sells Phase 1 of Tonino Lamborghini Residences in Gurugram for ₹2,000 crore
With a remarkable sales figure of Rs 2,000 crore from Phase 1, Signature Global's Tonino Lamborghini Residences is setting new benchmarks in luxury living. Situated on 12.40 acres in Gurugram, the project offers 812 exclusive units and is preparing for a similar Phase 2 launch. Designed to introduce an authentic Italian lifestyle, this initiative underscores the increasing appetite for opulent residences among homeowners in India.
Delhi circle rate update: Agri land prices to go up sharply after 18 years; check areas where it could be cheapest and costliest
Delhi circle rate update: Farmers in the national capital are demanding a circle rate of Rs 10 crore per acre, with the Delhi Panchayat Sangh urging the government to implement this circle rate for agricultural land. Current estimates suggest that land rates in the capital region could zoom by around 650%, causing prices to go over Rs 15 crore per acre from Rs 2 crore now.
Signature Global partners Manasum for Gurugram senior living project with Rs 575 cr sales value
Signature Global and Manasum Senior Living are collaborating to create a housing project for senior citizens. The project, titled Manasum Varishta, is located on Dwarka Expressway and will comprise 164 homes. Signature Global will handle the construction and development, while Manasum manages sales and operations after completion. The project is expected to generate approximately Rs 575 crore in revenue.
Krisumi ties up with Japan’s Temari Group for senior living project
Krisumi Corporation will invest Rs 1,300 crore in developing The Forest Reserve in Gurugram. The project will include Phases 5 and 6 of KrisumiCity, comprising 542 luxury residences. Designed by Nikken Sekkei, the development spans approximately 1.67 million sq. ft. and prices start from Rs 4.9 crore. Strategically located along Dwarka Expressway, the project offers easy connectivity to key areas of Gurugram and Delhi.
Signature Global acquires 194-acre land for Gurugram housing project; eyes Rs 6,000 crore revenue
Signature Global has recently expanded its footprint in Gurugram with major land acquisitions aimed at launching an ultra-luxury housing project. The firm has secured 25 acres completely and partnered with a landowner for another 169.22 acres. This ambitious development plans to create around 6.77 million square feet of residential space, with anticipated revenue ranging from Rs 5,500 to 6,000 crore, reinforcing Signature Global's status in the Indian real estate market.
With a 3 crore budget, the Gurgaon home-buyer will no longer “compromise”
M3M and Smartworld are hosting a "Homes Under 3 Cr. Fest" in Gurgaon. This event offers multiple residential options below three crore rupees. Buyers can choose from various locations and lifestyles without compromise. The festival aims to empower buyers with budget-conscious luxury choices. This initiative addresses a significant segment of aspirational homeowners in Gurgaon.
3BHKs emerge as top choice for Indian homebuyers, Rs 90 lakh-Rs 1.5 crore the preferred budget
Indian homebuyers increasingly prefer larger three-bedroom homes, with nearly half of respondents opting for this configuration. The Rs 90 lakh to Rs 1.5 crore budget bracket is the most preferred price segment. Rising housing prices are a concern, yet most buyers intend to proceed with purchases. End-users drive demand for larger homes, viewing them as long-term lifestyle value.
County Group targets GDV of Rs 4,500 crore from Gurugram project
County Group will develop an ultra-luxury residential project in Gurugram. This project will feature 844 residences across nine towers and expansive landscapes. Construction is scheduled to begin in July 2026 and conclude by December 2032.
Indiabulls Limited signs Rs 3,700 crore development deal for Gurugram residential project
Indiabulls Limited will manage a new residential project on Gurugram's Dwarka Expressway. This development spans over ten acres and has a Gross Development Value of Rs 3,700 crore. The project is slated for launch by mid-October 2026, targeting festive season demand. This agreement enhances Indiabulls' project pipeline and market participation in the region. The company expects this model to be replicated in other major Indian cities.
Property prices at Dwarka Expressway increases by 29% in 2024
Gurugram's Dwarka Expressway has boomed post-pandemic, becoming the area's largest residential market. Fueled by new infrastructure, the area has seen over 10,000 new units annually since 2020, attracting developers like Signature Global and M3M. With prices rising, the market has shifted towards premium 3BHK units, offering lucrative opportunities for investors and homebuyers seeking enhanced connectivity to Delhi and commercial hubs.
Dwarka Expressway: Decade-long wait may end next week. Here is the latest update on inauguration
Prime Minister Narendra Modi, according to Union minister Rao Inderjit Singh, is scheduled to inaugurate the city section of the Dwarka Expressway on March 11. While Chief Minister Manohar Lal Khattar confirmed the event, the NHAI withheld the exact opening date. However, preparations for the expressway's launch are underway. Once operational, the 29-kilometer expressway will enhance connectivity and development in the NCR region.
Dwarka Expressway to further boost real estate prices in the region
The inauguration of the Dwarka Expressway by Prime Minister Narendra Modi is expected to boost realty prices in the region, particularly in Gurgaon. Developers, including Sobha, Raheja, Signature Global, M3M, Godrej, and Hero Realty, have projects along the corridor. The completion of the expressway is anticipated to reduce unsold inventory levels and drive demand in the region.
Dwarka Expressway: Here's why India's first elevated highway is special
Dwarka Expressway: This section will feature several underpasses, flyovers, tunnels and elevated structures. As this part is on an alternate road connecting Delhi and Gurgaon, it will reduce vehicular congestion on the Delhi-Gurgaon Expressway.
CAG audit flags huge cost overruns in Dwarka Expressway project
The National Highways Authority of India (NHAI)'s decision to opt for elevated carriageway on the Haryana portion of the expressway has pushed up the construction cost to Rs 251 crore per km from the originally approved Rs 18.2 crore per km, the report pointed out.
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