Realty firm Signature Global on Monday said it has acquired 25.75 acre land in Gurugram to develop a group housing project.
The company did not disclose the deal value and the name of the seller.
In a regulatory filing, Signature Global said the "company has entered into a Sale Deed for acquiring a land parcel ad-measuring approximate 25.75 acres located at village Fazilpur, Gurugram, Haryana, for development of a group housing project."
This land parcel has the overall potential develop-able area of about 3.25 million square feet, it added.
Last month, Signature Global successfully launched its Initial Public Offering (IPO) to raise Rs 730 crore.
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The public issue, comprising a fresh issue of shares worth Rs 603 crore and an Offer For Sale (OFS) component of Rs 127 crore, was subscribed 11.88 times.
Realty firm Signature Global has reported a 38 per cent growth in sales bookings at Rs 1,861.39 crore in the first six months of this fiscal year, on better demand for its affordable and mid-income residential projects.
Its sales bookings stood at Rs 1,353 crore in the year-ago period.
Signature Global, which is backed by marquee equity investors like HDFC and IFC, has delivered over 6 million square feet and has ongoing projects in 17.21 million square feet area.
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It has a pipeline of 21.29 million square feet of saleable area.
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