In a boost to its affordable housing projects, leading real estate developer Signature Global has successfully raised Rs. 150 crores from ICICI Prudential Real Estate Fund. Signature Global is amongst the fastest growing developers focusing on affordable housing projects in the country. The Company is currently developing 5 affordable housing projects in Haryana. It is also exploring opportunities for affordable housing projects in Maharashtra, Gujarat and Uttar Pradesh.
The Company has witnessed a strong response to its projects, with each of them getting oversubscribed by almost 3 – 4 times at the time of launch. “Our Endeavour is to provide good quality homes within committed timelines to all our customers. We currently have a pipeline of more than 7,500 homes in Gurgaon.’’ Signature Global Chairman and Co-Founder Mr. Pradeep Aggarwal said. He added, “As we are focusing on affordable housing, we will use these funds to add more projects. We are pleased to have Prudential ICICI fund as our financial partner and hope for a long and growing relationship.”
KPMG India Private Limited acted as financial advisor to Signature Global for the transaction.
Signature Global (India) Private Limited was formulated, as one of the key stakeholders of the SMC Group. SMC Group is the leading financial investment group of India with a pan-India presence. Signature Global (India) Private Limited enjoys a record 15 glorious years of successful operations in the industry.
The primary business of Signature Global (India) Private Limited has been to ‘delight’ its customers by offering financial solutions par excellence. The group’s professionals are trained to deliver a bouquet of customized solutions to every customer.
ICICI Prudential Fund Invests Rs 150 crore in Signature Global