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New Delhi: Realty firm Signature Global has tied up with landlords to jointly develop housing projects in Gurugram with a total revenue potential of over Rs 5,000 crore.
The company has signed three separate joint development agreements (JDAs) with landlords to develop housing projects on a total of 21.38 acres of land parcel. The development potential in volume terms is 32 lakh square feet of residential space.
Signature Global Chairman Pradeep Aggarwal said the company has entered into JDAs to expand its business amid rising housing demand across major cities. Asked about the revenue potential, Aggarwal adds, "The potential sales realisation will be in excess of Rs 5,000 crore from these JDAs."
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