Realty firm Signature Global is planning to invest around Rs 4,000 crore to develop two new housing projects in Gurugram as part of its expansion plan, its Chairman Pradeep Kumar Aggarwal said.
In an interview with PTI, he said, in the next quarter, the company plans to launch more than 40 lakh square feet of area in two premium housing projects in Gurugram.
"We will be focusing on the Rs 2-5 crore price bracket, where we are seeing huge demand but limited supply," Aggarwal said.
He noted that the demand for residential properties, especially for big reputed players, remains strong, although he acknowledged that the frenzy seen in the last few years have subsided to some extent.
Asked about the total project cost to develop the two new housing projects, he said it will be around Rs 4,000 crore, including land, construction and other costs.
On the operational front, Signature Global sold properties worth Rs 8,670 crore during the April-December period of this fiscal year, a sharp r