Signature

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SignatureGlobal (India) Private Limited (“Signature” or the “Company”) is a leading real estate company in India developing only affordable housing projects. The Company started its operations for development of affordable housing projects in 2014. With its units priced in the range of US$22,000-42,000, Signature has launched 11 projects, totaling approximately 11,000 units and 7.5 million square feet (of saleable area), since inception. Signature is one of the pioneers of affordable housing policy in the state of Haryana, delivering the first project under the Haryana state affordable housing policy recently. The proposed project involves IFC investing INR equivalent of approximately up to US$30 million in the form of equity/ quasi-equity instrument in Signature. The project proceeds would be used to acquire land as well as fund for construction and working capital requirements for the proposed affordable housing projects in the National Capital Region includingGurgaon, Haryana (the “Project”). The Project comprises of approximately 8,000 residential units with a total saleable area of approximately 5 million square feet and is mostly targeted at low to middle income population.