Signature Global, Manasum Plan Rs 575 Crore Senior Housing

Signature Global has partnered with Bengaluru-based Manasum Senior Living to develop 164 homes for senior citizens on Gurugram's Dwarka Expressway, with estimated sales potential of Rs 575 crore. The Economic Times Markets reported the partnership, citing a joint statement issued on October 19.

Named Manasum Varishta, the senior housing development will form part of a larger 14-acre project being developed by Signature Global. The Rs 575 crore figure is an estimate of potential sales, not revenue already earned.

Developer and operator split responsibilities

Signature Global will provide the land and handle development and construction, including financing, approvals and liaison work. Manasum will oversee marketing and sales, then manage senior living services and operations after the homes are handed over.

Signature Global joint managing director Devender Aggarwal said the project would be built to Manasum's specifications. Manasum co-founder Anantharam V. Varayur described the partnership as a step in the company's North India expansion, bringing its senior living model to the Delhi-NCR market.

Construction and handover targets

The construction contract has been awarded, and work is expected to start within a month. The companies aim to complete sales within 12–18 months, while handover is expected in approximately 48 months. These are announced targets rather than completed milestones.

Planned services include food and beverage provision, concierge assistance, housekeeping, 24-hour healthcare support, a standby ambulance and round-the-clock community engagement activities.

Signature Global's wider sales target

Signature Global reported property sales of Rs 8,250 crore in the previous fiscal year and is targeting Rs 10,000 crore in total sales bookings for 2026–27. That company-wide bookings target is separate from the estimated sales potential of Manasum Varishta.