Cyril Amarchand Mangaldas (CAM) and Trilegal have advised on the formation of a 50:50 joint venture between Bengaluru-based RMZ and Gurugram-based Signature Global (India) Limited for the development of a large mixed-use commercial project in Gurugram.
The transaction involves an investment of up to INR 1,283 crore by RMZ and will see the project developed through Signature Global’s wholly owned subsidiary, Gurugram Commercity.
The proposed development, located on the Southern Peripheral Road in Gurugram, will span approximately 3.94 million square feet of FSI and is expected to comprise premium office buildings, hotel assets and curated retail spaces. The project has an estimated overall development value of approximately INR 14,000–16,000 crore and marks Signature Global’s entry into large-scale commercial real estate development within its existing land portfolio.
CAM advised RMZ on the transaction.
The team was led by Senior Partner Reeba Chacko and Partner Saurav Samaddar, with support from Associates Mahima Goel, Ohmkar Vishal, Ashutosh Chandra, and Pratyay Amrit. Real estate aspects were led by Partner Ashish Jain, supported by Senior Consultant Devinder Kumar, Principal Associate Siddharth Iyer, Senior Associate Rohan Chugh, and Associate Amritesh Anand. Partner Pooranimaa Hariharan advised on corporate aspects with support from PA – Designate Sanjana Dasgupta and Associate Prashastha Cormaty. Competition law advice was provided by Partner Avaantika Kakkar with Associates Mohini Parghi and Parth Mishra, while financing aspects were handled by Partner Lakshmi Prakash with Principal Associate Kushal Rohira and Senior Associate Krithika Srinivasan. Litigation diligence support was provided by Partner Anuradha Mukherjee with Senior Associate Dwijesh Kapila and Associate Kashish Gupta.
Trilegal advised Signature Global (India) Limited and Gurugram Commercity on all aspects of the transaction, including structuring, documentation, negotiations and closing.
The corporate team was led by Partner Ankit Kejriwal and Counsel Khushboo Sukhwani, supported by Senior Associate Radhika Bihani and Associate Aakanksha Ranjan. Real estate advice was led by Partner Rahul Arora with support from Senior Associate Shiv Badhwar.
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