Gurugram-based realty firm, Signature Global, is gearing up for the launch of a substantial mixed-use development project in Sohna. Spanning over 130 acres,
Signatureglobal Sohna is poised to make a significant impact on the local real estate market. With a revenue potential exceeding ₹5000 crore, the project aims to cater to the middle-income segment, offering a variety of properties, including low-rise floors, retail spaces, and plots for industrial or multiple business uses. This ambitious venture is expected to bolster Signature Global's expansion plans, with future projects in Delhi, Noida, and Greater Noida also on the horizon.
Prime Location and Strategic Planning
Situated in Sohna, the development is just a 5 to 10-minute drive from the main Sohna road, an area considered the secondary business district (SBD) of Gurgaon. This proximity to a major business hub makes it an attractive option for both residential and commercial purposes. The ease of access and the potential for future growth in this region add to the appeal, ensuring that the project will draw significant interest from prospective buyers and investors.
Diverse Property Offerings
Signature Global Project In Sohna will feature a mix of three main property types: low-rise floors, retail spaces, and plots for industrial or multiple business uses. This diverse offering is designed to meet the varied needs of the middle-income segment, providing affordable yet high-quality options in a prime location.
Low-Rise Floors
The low-rise floors will be a significant component of the project. These floors are expected to attract families looking for spacious and affordable housing options. Low-rise floors have gained popularity in recent years due to their community-like feel and the additional privacy they offer compared to high-rise apartments.
Retail Spaces
In addition to residential units, the project will also include retail spaces. These will be typical convenience retail outlets designed to serve the daily needs of the residents. By incorporating retail spaces into the development, Signature Global Sohna Gurgaon aims to create a self-sustaining community where residents can enjoy the convenience of having essential services and shopping options within easy reach. These retail units will be available for purchase, offering a lucrative opportunity for small businesses and investors.
Industrial and Business Plots
The project will also feature plots designated for industrial or multiple business uses. These plots are intended to attract businesses looking for a strategically located base with easy access to Gurgaon and other key areas. By offering these plots, this developer aims to stimulate economic activity in the region, providing businesses with the infrastructure they need to thrive.
Phased Launch Approach
While the company is keen on launching the project this year, the exact rollout strategy for the low-rise floors is still under consideration.
Signature Global Sohna Gurgaon may opt for a phased approach, releasing the units across two or three quarters. This strategy would help manage supply and demand more effectively, ensuring that the market remains balanced and that the project achieves sustained success.
Future Prospects
The launch of this mixed-use development is set to be a game-changer for the Sohna real estate market. Historically, low-rise floors have faced challenges in areas like Gurgaon and Faridabad, making this project a significant step forward. Moreover, this project marks a crucial milestone in Signature Global's broader expansion strategy. With plans to extend their footprint to Delhi, Noida, and Greater Noida, the success of the Sohna project will likely serve as a blueprint for future developments. The company's focus on the middle-income segment ensures that they are tapping into a vast and underserved market, positioning themselves as a key player in the affordable housing sector.
