Gurugram-based listed real estate firm Signature Global is planning to launch a 130-acre project in Sohna targeting the middle-income segment within this year with a revenue potential of more than ₹ 5000 crore, even as it plans to expand to Delhi, Noida and Greater Noida over the coming years. The company intends to launch a mix of three products in Sohna - low-rise floors, retail and plots for industrial or multiple business use. “During the coming quarters, we intend to launch a fairly large project in Sohna which is targeting the mid-income strata of the society.
.. On a yearly basis, we do anticipate this per square foot realization to settle anywhere between ₹ 13,000, ₹ 14,000 a foot.
But it is going to be upwards of ₹ 13,000 is what we anticipate,” Signature Global Chief Executive Officer (CEO) Rajat Kathuria told investors. Also Read: Signature Global aims high with more than ₹ 12,000 crore project pipeline in Gurugram amid demand for premium housing “Geographically, it's a very good location because from the main Sohna road sort of SBD area of Gurgaon, it's like literally a 5 or 10 minute drive away. So that's the place where we intend to launch a large project of about 130 acres within this year.
And that's where we will kind of try to create continued supply over the coming years,” he said. “So, we are coming up with a significant inventory of these mid-income sort of low-rise floors, which we'll be launching in Sohna. In addition to that, there'l.