Signature (IFC-41206)

  • India
Where the impacts of the investment may be experienced.
Specific Location
Gurgaon, Haryana
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
The holder of the loan, grant, or other investment.
  • Construction
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 30.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Mar 11, 2019

Disclosed by Bank Mar 1, 2019

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Project Description

According to the bank, "the proposed project involves development of affordable housing projects primarily in Gurgaon in the state of Haryana by Signature Global India Private Limited (“Signature” or the “Company”; Website: The proposed Project is expected to deliver approximately 8,000 units in the next 4-5 years, with a total saleable area of approximately 5 million square feet and is mostly targeted at low to middle income population. Signature is a leading real estate company in India developing only affordable housing projects. It was founded in 2014 and till date has launched approximately 11,000 affordable housing units with a total saleable area of approximately 7.5 million square feet within a span of 5 years, a large chunk of which lies in the National Capital Region.

Investment Description
  • International Finance Corporation (IFC)
Private Actors
Private Actors Description

According to IFC, 76 percent of the equity shares of the Company are currently held by Mr. Pradeep Aggarwal, Mr. Ravi Aggarwal, Mr. Lalit Aggarwal, Mr. Devender Aggarwal, related Hindu Undivided Family (HUF)) and their family members (collectively the sponsors ) while the balance 24 percent is held by other individual investors. The sponsors have demonstrated their ability to spot a business opportunity and build a focused business at scale in their previous stint at SMC Group, where they were occupying key managerial positions. SMC Group is a diversified financial services company engaged in broking, trading, investment banking, wealth management, research, distribution of financial products and depository and clearing services.

Contact Information

SignatureGlobal (India) Private Limited
Ravi Aggarwal
Managing Director
1304, 13th Floor, Dr. Gopal Das Bhawan, 28 Barakhamba Road, Connaught Place, New Delhi-110001. 


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