Real estate firm Signature Global has revealed a consolidated net loss of Rs 19.92 crore in Q2 of the fiscal year, a significant improvement from the Rs 59.25 crore loss in the same period last year. The company also announced the acquisition of Gurugram Commercity Pvt Ltd (GCPL), securing a 25.14-acre land parcel in Gurugram for approximately Rs 495 crore. The acquisition is expected to enable a mixed-use development, including residential and commercial projects, with an estimated development potential of 5.49 million square feet. Signature Global anticipates a total capital expenditure of around Rs 750 crore, covering the enterprise value and approval charges.
Signature Global Reports Narrowed Q2 Loss, Announces Acquisition of 25 Acres in Gurugram
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