SIGNATURE GLOBAL AND RMZ FORM JOINT VENTURE FOR GURUGRAM PROJECT

and RMZ have formed a 50:50 joint venture to develop a significant mixed-use project on Gurugram's Southern Peripheral Road, with the Bengaluru-based firm investing Rs 1,283 crore. The agreement will focus on developing a mixed-use project, comprising office buildings, hotels, and retail spaces. RMZ has also committed a similar investment of Rs 1,283 crore in the project. Having a market cap of Rs 15,510 crore, has reported a compounded sales growth of 40% and compounded profit growth of 42% in the last 3 years. This new project is set to boost the company's revenue and profitability.