Gurugram: Signature Global Awards Rs 920 Crore Construction Contract for Sarvam at DXP Estate on Dwarka Expressway
Signature Global has split a Rs 920 crore construction contract between KEC International and NCC Ltd to build 11 towers and 1,798 homes at Sarvam at DXP Estate in Sector 37D, Gurugram, with work due to start by 31 December 2026.
Gaurav Sharma8 min read
At a glance
- Signature Global has awarded construction contracts worth a combined ₹920 crore to KEC International Ltd and NCC Ltd for its housing project in Sector 37D, Dwarka Expressway, Gurugram.
- The project, Sarvam at DXP Estate, sits on a 13.55-acre site and will have 11 towers with 1,798 residential units across a stated development area of 5 million sq ft.
- Each contractor has been given a ₹460 crore contract: KEC International will build 6 towers, NCC Ltd will build 5.
- Construction is expected to begin by the end of the third quarter of FY2026-27, which works out to 31 December 2026, per the company.
Signature Global, one of the more active listed developers on the Dwarka Expressway corridor in Gurugram, said on 9 August 2026 that it has handed construction work on its Sarvam at DXP Estate project to two established engineering, procurement and construction contractors. The disclosure, reported by The Hindu BusinessLine, sets out contract values, tower counts and unit numbers but leaves several buyer-relevant details unaddressed.
This is a construction-award announcement, not a project launch or a regulatory filing. It signals that execution has moved from the planning stage to contracting. It does not, by itself, confirm registration status, pricing, or a possession date, all of which a serious buyer should verify independently rather than assume from a company statement.
What Signature Global announced
According to the company's 9 August 2026 statement, Signature Global has awarded two construction contracts, one each to KEC International Ltd and NCC Ltd, for the Sarvam at DXP Estate project. Both contracts are valued at ₹460 crore, taking the combined award to ₹920 crore.
| Contractor | Contract value | Towers assigned |
|---|---|---|
| KEC International Ltd | ₹460 crore | 6 residential towers |
| NCC Ltd | ₹460 crore | 5 residential towers |
| Combined | ₹920 crore | 11 residential towers |
The statement attributes the decision to a search for "experienced and reputed construction companies." Pradeep Aggarwal, Founder and Chairman of Signature Global, is quoted as saying the tie-up is meant to lay "a strong foundation for delivering a project that reflects the highest standards of engineering, execution and sustainability." This is a company statement and should be read as the developer's characterisation of the deal, not as independently verified performance data on either contractor.
The project: Sarvam at DXP Estate
Signature Global Sarvam at DXP Estate is described in the company's statement as a 13.55-acre housing project at Sector 37D on the Dwarka Expressway in Gurugram. The reported scope is as follows.
| Attribute | Reported figure |
|---|---|
| Land parcel | 13.55 acres |
| Location | Sector 37D, Dwarka Expressway, Gurugram |
| Total towers | 11 (6 by KEC International, 5 by NCC Ltd) |
| Total residential units | 1,798 |
| Development area | 5 million sq ft |
| Construction start | By end of Q3 FY2026-27 (31 December 2026) |
The company statement labels the project a "luxury housing" development, per the source report. That is a marketing characterisation rather than a specification, and it is not accompanied by unit sizes, configuration mix, or pricing in the material reviewed for this article. Readers should treat "luxury" as the developer's positioning rather than a defined attribute.
Working out the numbers behind the contract
The source statement gives contract values, tower counts, unit numbers and area, but does not translate these into comparable per-unit or per-sq-ft figures. Based only on the numbers the company has disclosed, here is what those contracts work out to.
- Construction cost per sq ft of development area: ₹920 crore ÷ 5 million sq ft = approximately ₹1,840 per sq ft. This is a construction-contract cost, not a sale price, and should not be confused with the price a buyer would pay per sq ft.
- Average construction allocation per unit: ₹920 crore ÷ 1,798 units = approximately ₹51.2 lakh per unit, again a build-cost figure, not a unit price.
- Per-tower contract value, KEC International: ₹460 crore ÷ 6 towers = approximately ₹76.7 crore per tower.
- Per-tower contract value, NCC Ltd: ₹460 crore ÷ 5 towers = approximately ₹92 crore per tower, roughly 20 percent higher than KEC's per-tower figure despite an identical total contract value. This gap is consistent with NCC's five towers, on average, requiring a larger or more complex scope of work than KEC's six, though the source material does not explain the difference and it should not be read as a judgement on either contractor's efficiency.
- Average units per tower: 1,798 units ÷ 11 towers = approximately 163 units per tower across the project, if unit distribution is broadly even, which the source does not confirm.
These are calculations derived from the company's own disclosed figures, not numbers stated by Signature Global itself, and they should be read as illustrative rather than exact, since the source does not break down saleable area, common area, or configuration mix within the reported 5 million sq ft.
The company's stated financial position
Alongside the contract announcement, Signature Global's statement included figures on its broader business, which the source report carries without independent verification.
- The company says it has delivered 19.2 million sq ft of real estate to date.
- It reported ₹8,250 crore in sales bookings (pre-sales) for FY2025-26, which it says made it the fifth-largest real estate company by sales bookings in that period.
- For FY2026-27, the company has set a target of ₹10,000 crore in sales bookings.
These are company-reported figures rather than numbers confirmed by an independent regulator, stock exchange filing audit, or third-party research body in the material reviewed here. The "fifth-largest" ranking, in particular, is the company's own characterisation as carried in the news report, and readers should treat it as a claim pending independent comparison against listed peers' disclosed bookings for the same period.
The absence of these details in the current announcement does not indicate a problem with the project. It reflects the limited scope of what a construction-contract announcement is meant to disclose. Buyers should not infer registration, pricing, or delivery commitments from a contractor-award statement alone.
Checklist for prospective buyers
- Confirm RERA registration. Search the Haryana RERA portal for "Sarvam at DXP Estate" or the promoter name before making any payment or booking.
- Verify land title and approvals. Ask for the sanctioned building plan, environmental clearance, and license details for the Sector 37D parcel.
- Ask for a written possession date. A construction-start date is not a delivery commitment; RERA-registered projects must state a possession date in their registration.
- Request configuration and pricing in writing. Do not rely on verbal broker quotes or the "luxury" label used in company communications.
- Check the payment plan against construction milestones. With work only expected to start by December 2026, an aggressive early-payment schedule warrants extra scrutiny.
- Review the contractors' track record independently. KEC International and NCC Ltd are both established listed EPC firms, but that does not by itself guarantee on-time delivery for this specific project.
RERA Tracker watch-list
- 31 December 2026: Stated deadline for construction to commence on Sarvam at DXP Estate, per the company's Q3 FY2026-27 target.
- Ongoing: Whether the project's Haryana RERA registration, once available, lists a possession date consistent with the construction-start timeline given here.
- FY2026-27 close (31 March 2027): Whether Signature Global's ₹10,000 crore sales-booking target for the year is met, which would provide an independent data point against the company's FY2025-26 figure of ₹8,250 crore.
- Ongoing: Whether pricing, unit sizes, and floor plans for Sarvam at DXP Estate are formally disclosed through a RERA filing or the developer's own project documentation.
About RERA Tracker
RERA Tracker is an independent research platform that compiles RERA registrations, developer track records, and project documentation for buyers and investors across Delhi-NCR markets, including Gurugram's Dwarka Expressway corridor. The platform does not accept payment for favourable coverage and does not endorse specific projects or developers.
For a construction-contract announcement like this one, where pricing, registration status, and possession timelines are not yet public, readers can use ReraTracker.com to check whether Sarvam at DXP Estate has since appeared on the Haryana RERA portal and to compare Signature Global's other registered projects before treating this announcement as more than a construction-stage update.
This article is based on Signature Global's 9 August 2026 statement as reported by The Hindu BusinessLine. Contract values, tower counts, unit numbers, and company financial figures are attributed to that statement and have not been independently verified by RERA Tracker. Calculations presented as per-unit or per-sq-ft figures are derived by RERA Tracker from the company's disclosed numbers and are illustrative, not developer-stated figures. RERA registration status, pricing, and possession dates for Sarvam at DXP Estate were not available in the source material at the time of writing and should be independently confirmed before any purchase decision.
