Signature Green

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The proposed transaction entails an investment of up to INR 12,840 million (US$150m equivalent) in the form of subscription to Non-convertible Debentures (NCDs) issued by Signature Global (India) Limited (“Signature” or the “Company”). The Company is developing an integrated township project comprising of residential houses, commercial and industrial plots spread across ~125.60 acres of land located in the Sohna area of Gurugram, Haryana (the “Daxin project”). The proposed loan will be utilized to finance the development of Daxin project and other upcoming housing projects in India (the “Project”) A prior due diligence will be conducted on each of these future developments. Signature is one of the fastest growing residential real estate development companies in the Delhi National Capital Region (NCR). IFC has a long-standing relationship with the Company having invested over US$50 million to date over two transactions (Refer: E&S public disclosure for previous IFC project with Signature Global here: https://disclosures.ifc.org/project-detail/ESRS/41206/signature). The Client has been at the forefront of adopting green building certifications - first to achieve EDGE certification in the NCR. The Daxin project will seek to obtain EDGE Advanced certification. Over the last 18 months, the Client obtained all requisite approvals and permits for the Daxin project. A land use analysis for a 10-kilometer radius around the project area identified vegetation consisting of mostly open shrub lands, followed by agricultural lands, and built-up areas. The Daxin integrated township will include 2,400 to 2,800 middle-income housing units, 245 industrial plots and ancillary community and retail spaces. The project will also develop internal roads and parking, electrical grid connections, water, sewage, waste management, and green spaces for its residents and occupants. At the time of IFC’s site visit in April 2025, some construction works had begun on internal roads and civil works. Signature Global have hired B. L. Gupta Construction (P) Ltd (https://blgc.co.in/home.htm) to be the main contractor for construction. B.L. Gupta also worked on Signature’s previous Park 4-5 residential projects in the Sohna area.