B L Kashyap wins ₹496 crore build deal for Signature Global's Gurugram luxury project
Signature Global has hired B L Kashyap & Sons for a ₹496 crore build of its 812-flat Tonino Lamborghini Residences in Gurugram, per Moody's.
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what happened
Developer Signature Global has awarded a construction contract worth about ₹496 crore to B L Kashyap & Sons Ltd. The work will go to the Tonino Lamborghini Residences site in Sector 71, Gurugram. Moody's reports the details based on a statement from the company.
The project covers 12.40 acres and will include 812 premium flats. The company expects completion in five to six years. Co-founder and vice chairman Lalit Aggarwal said that "as India's first Tonino Lamborghini branded residences, the project demands a standard of execution that matches its design ambition," and that B L Kashyap's experience and engineering capability make it the right partner.
Earlier this year, in April, Signature Global partnered with Italian lifestyle brand Tonino Lamborghini on a luxury housing project with an investment of nearly ₹2,900 crore.
why it matters
For markets, the news is mostly local, since the contract involves one developer and one project. The company's own targets are of more interest to investors. It sold properties worth ₹8,250 crore in the last fiscal year and aims for sales bookings of ₹10,000 crore in fiscal 2026-27. For construction contractors, orders like this provide work over several years.
tags
sources
- Signature Global awards ₹500 crore construction contract to B L Kashyap for Gurugram housing project — Moody's, 31 October 2026 at 10:15 UTC
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