Introduction
Gurgaon, a prominent city in the National Capital Region (NCR) of India, has undergone a significant transformation over the past two decades, evolving into a bustling hub for residential, commercial, and industrial activities. Among the key players driving this transformation is Signature Global, a real estate developer renowned for its innovative projects and strategic investments. This article explores the profound impact of Signature Global on Gurgaon’s real estate market, delving into its projects, contributions, and the broader implications for the region.
The Rise of Signature Global
Founded in 2014, Signature Global quickly established itself as a leading developer in the affordable and mid-segment housing market. The company’s vision of providing “India’s finest global living” has translated into a series of successful projects that have reshaped the urban landscape of Gurgaon. The developer’s focus on quality construction, timely delivery, and transparency has built a solid reputation among homebuyers and investors.
Early Projects and Growth
Signature Global’s initial projects, such as Solera in Sector 107 and Synera in Sector 81, set the stage for its rapid ascent. These developments focused on offering affordable yet high-quality housing solutions, aligning with the government’s ‘Housing for All’ mission. By March 2022, Signature Global had sold over 23,453 residential and commercial units, covering an aggregate saleable area of 14.59 million square feet​. This impressive achievement reflects the company’s ability to meet the growing demand for housing in Gurgaon.
Key Developments by Signature Global
Signature Global’s portfolio in Gurgaon spans a diverse range of residential and commercial projects, each contributing uniquely to the city’s real estate market.
Residential Projects
Solera
- Location: Sector 107
- Unit Types: 1 and 2 BHK apartments
- Price Range: Starting from ₹20 lakh
- Features: Modern amenities, green spaces, children’s play area, and clubhouse
- Details: Solera offers residents a serene living environment with features like landscaped gardens, jogging tracks, and a clubhouse equipped with various recreational facilities. The project’s strategic location near the Dwarka Expressway ensures excellent connectivity to Delhi and other parts of NCR.
Synera
- Location: Sector 81
- Unit Types: 1 and 2 BHK apartments
- Price Range: Starting from ₹22 lakh
- Features: 24×7 security, power backup, landscaped gardens, and sports facilities
- Details: Synera is designed to provide a holistic living experience with amenities like a swimming pool, fitness center, and children’s play area. Its proximity to major commercial hubs and the proposed metro station adds to its appeal.
Andour Heights
- Location: Sector 71
- Unit Types: 1 and 2 BHK apartments
- Price Range: ₹22 lakh to ₹30 lakh
- Features: State-of-the-art facilities, kids’ play area, and jogging tracks
- Details: Andour Heights offers modern living with features like a multipurpose hall, sports facilities, and ample green spaces. The project’s location near Sohna Road ensures easy access to schools, hospitals, and shopping centers.
The Roselia
- Location: Sector 95A
- Unit Types: 2 and 3 BHK apartments
- Price Range: ₹25 lakh to ₹40 lakh
- Features: Swimming pool, clubhouse, and landscaped gardens
- Details: The Roselia is a premium residential project offering luxurious amenities such as a swimming pool, gym, and dedicated spaces for indoor games. Its strategic location provides easy access to the NH-8 and the Dwarka Expressway.
The Millennia
- Location: Sector 37D
- Unit Types: 2 and 3 BHK apartments
- Price Range: ₹30 lakh to ₹45 lakh
- Features: Modern amenities, green spaces, and children’s play area
- Details: The Millennia focuses on providing a balanced lifestyle with amenities like a meditation area, senior citizen’s corner, and sports facilities. Its location near the Pataudi Road and the upcoming metro corridor enhances its connectivity.
Orchard Avenue 2
- Location: Sector 93
- Unit Types: 2 and 3 BHK apartments
- Price Range: ₹26 lakh to ₹38 lakh
- Features: Landscaped gardens, clubhouse, sports facilities, and green living focus
- Details: Orchard Avenue 2 is designed with a focus on sustainability, featuring rainwater harvesting, solar panels, and green landscaping. The project offers amenities such as a clubhouse, gym, and sports courts.
Grand Iva
- Location: Sector 103
- Unit Types: 1 and 2 BHK apartments
- Price Range: Starting from ₹20 lakh
- Features: Modern amenities, swimming pool, gym, community hall
- Details: Grand Iva provides affordable housing with premium features like a swimming pool, clubhouse, and well-maintained gardens. Its proximity to the Dwarka Expressway ensures excellent connectivity to Delhi and other parts of NCR.
Aspire
- Location: Sector 95
- Unit Types: 2 and 3 BHK apartments
- Price Range: ₹28 lakh to ₹42 lakh
- Features: Clubhouse, gym, landscaped gardens, children’s play area
- Details: Aspire is a residential project that offers a luxurious lifestyle with amenities such as a clubhouse, gym, and landscaped gardens. The project’s location near the KMP Expressway provides excellent connectivity to various parts of Gurgaon and NCR.
Global Park
- Location: Sector 36
- Unit Types: 1, 2, and 3 BHK apartments
- Price Range: ₹24 lakh to ₹35 lakh
- Features: Green spaces, sports facilities, 24×7 security, power backup
- Details: Global Park is designed to offer a peaceful living environment with features like landscaped gardens, sports facilities, and a clubhouse. Its location near Sohna Road ensures easy access to schools, hospitals, and shopping centers.
The Serenas
- Location: Sector 36, South of Gurgaon
- Unit Types: 1, 2, and 3 BHK apartments
- Price Range: ₹25 lakh to ₹40 lakh
- Features: Modern amenities, green living, clubhouse, sports facilities
- Details: The Serenas focuses on green living, with features like rainwater harvesting, solar power, and landscaped gardens. The project offers amenities such as a clubhouse, gym, and sports facilities, ensuring a balanced lifestyle.
Commercial Projects
Signature Global Mall
- Location: Vaishali
- Features: Mix of retail, entertainment, and office spaces, retail outlets, multiplex, food courts
- Impact: Drives business growth, significant footfall
- Details: Signature Global Mall is a commercial hub offering a variety of retail outlets, office spaces, and entertainment options. The mall features a multiplex, food courts, and ample parking space, attracting significant footfall and driving business growth.
SCO (Shop-Cum-Office) Plots
- Locations: Various sectors including Sector 88, 89, 92
- Features: Flexible commercial spaces, suitable for small businesses and startups
- Price Range: Starting from ₹1 crore
- Impact: Supports entrepreneurship, creates business opportunities
- Details: The SCO plots offered by Signature Global provide flexible commercial spaces suitable for a variety of businesses. These plots are strategically located in key sectors, ensuring excellent connectivity and visibility, making them ideal for small businesses and startups.
Commercial Plaza
- Location: Sector 81
- Features: Retail shops, office spaces, food courts
- Impact: Enhances local economy, provides employment opportunities
- Details: Commercial Plaza in Sector 81 offers a mix of retail and office spaces, catering to the needs of local businesses and residents. The plaza features food courts and ample parking, enhancing the local economy and providing employment opportunities.
Signum Plaza
- Location: Sector 103
- Features: Retail outlets, office spaces
- Impact: Supports local businesses, creates vibrant commercial hub
- Details: Signum Plaza is designed to support local businesses by offering retail outlets and office spaces. The plaza’s strategic location near the Dwarka Expressway ensures excellent connectivity and visibility, creating a vibrant commercial hub.
Commercial Hub
- Location: Sector 79
- Features: Retail spaces, office spaces, food courts
- Impact: Attracts businesses, promotes economic growth
- Details: The Commercial Hub in Sector 79 is a mixed-use development offering retail spaces, office spaces, and food courts. The hub’s strategic location near major roads and highways attracts businesses and promotes economic growth in the area.
Impact on Gurgaon's Real Estate Market
Signature Global’s developments have had a multi-faceted impact on Gurgaon’s real estate market, influencing trends in affordability, infrastructure, and urban planning. The company’s projects have not only reshaped the city’s skyline but also addressed critical housing needs and spurred economic growth.
Affordable Housing
One of Signature Global’s most significant contributions is in the realm of affordable housing. By focusing on the needs of middle-income and first-time homebuyers, the company has democratized homeownership in Gurgaon. Projects like Solera and Andour Heights have made quality housing accessible to a broader demographic, supporting the government’s mission of ‘Housing for All’​. These projects have significantly lowered the entry barrier for homebuyers, providing them with modern amenities and well-planned communities at reasonable prices.
The affordability factor extends beyond the initial purchase price. Signature Global has implemented cost-effective maintenance strategies and energy-efficient designs, reducing long-term living costs for residents. For example, the inclusion of solar panels and rainwater harvesting systems in several projects not only promotes sustainability but also cuts utility expenses.
Infrastructure Development
Signature Global’s projects are strategically located along key infrastructure corridors such as the Dwarka Expressway and the Southern Peripheral Road (SPR). These locations not only enhance connectivity but also spur ancillary infrastructure development. The opening of the Dwarka Expressway, for instance, has significantly boosted property values in adjacent areas, making these locations more attractive to both residential and commercial investors​​.
The company’s developments have also prompted improvements in local infrastructure, including roads, sewage systems, and public transport links. This has led to a more integrated urban environment where residential areas are seamlessly connected to commercial hubs, schools, hospitals, and recreational facilities. The proximity to proposed metro stations in several Signature Global projects further enhances their appeal, promising future residents quick and convenient access to Delhi and other parts of the NCR.
Economic Growth and Employment
The surge in real estate development spearheaded by Signature Global has created numerous employment opportunities in construction, sales, and maintenance sectors. Additionally, commercial projects like Signature Global Mall and SCO plots foster economic activity by providing spaces for businesses to thrive​.
The company’s commercial developments have been particularly impactful. Signature Global Mall, for instance, has become a bustling retail and entertainment hub, attracting shoppers and visitors from across the region. This influx of people has spurred local businesses and created a variety of jobs in retail, food service, and entertainment sectors. Furthermore, the availability of modern office spaces in projects like Signum Plaza and Commercial Hub has attracted startups and established companies alike, further boosting local employment and economic activity.
Future Prospects
The future of Gurgaon’s real estate market looks promising, with Signature Global poised to play a pivotal role. The company’s upcoming projects continue to focus on strategic locations and innovative designs, ensuring sustained growth and development.
Upcoming Projects
Signature Global City 81
- Location: Sector 81
- Unit Types: 2 and 3 BHK apartments
- Features: Modern living, sustainability, community-centric amenities
- Price Range: ₹30 lakh to ₹50 lakh
- Details: This project aims to offer a luxurious yet affordable lifestyle with features such as energy-efficient buildings, landscaped gardens, and state-of-the-art security systems. The focus on sustainability includes solar energy utilization and water conservation systems.
Signature Global Signum 107
- Location: Sector 107
- Unit Types: Commercial spaces
- Features: Retail and office spaces
- Price Range: Starting from ₹1 crore
- Details: Designed to be a vibrant commercial hub, Signum 107 will include high-street retail shops, food courts, and modern office spaces. Its strategic location near the Dwarka Expressway ensures high footfall and excellent connectivity.
Signature Global Prime
- Location: Sector 63A
- Unit Types: 2 and 3 BHK apartments
- Features: Green living, modern amenities
- Price Range: ₹35 lakh to ₹55 lakh
- Details: Signature Global Prime focuses on green and healthy living, offering amenities such as a clubhouse, swimming pool, gym, and extensive green spaces. The project is designed to provide a balanced lifestyle with a strong emphasis on sustainability and community living.
Conclusion
Signature Global’s impact on Gurgaon’s real estate market is undeniable. Through a combination of strategic location choices, affordable housing solutions, and contributions to infrastructure development, the company has positioned itself as a game changer in the region. As Gurgaon continues to evolve, Signature Global’s vision and projects will undoubtedly play a critical role in shaping its urban and economic landscape.
By leveraging its expertise and understanding of market dynamics, Signature Global is not only meeting the current demands of Gurgaon’s real estate market but is also setting new benchmarks for future developments. With a strong commitment to quality, affordability, and innovation, Signature Global is indeed a cornerstone of Gurgaon’s ongoing real estate revolution.
