New Delhi: Real estate company Signature Global has partnered with Italian lifestyle brand Tonino Lamborghini to develop a luxury housing project in Gurugram.
“This upcoming branded housing project named ‘Tonino Lamborghini Residences Gurugram’ will be spread over 12.40 acres and will include 812 luxury flats,” the company said in a stock exchange filing on Thursday. The company has entered into a “license agreement” with the Italian brand. Signature Global, on commercial terms with Tonino Lamborghini, said it would include a fixed fee to be paid in installments with an additional fee if total revenues exceed a set threshold.
Pradeep Agarwal, Chairman, Signature Global Limited, said, “Our vision has always been to redefine the standards of urban living in India by bringing world-class innovation home. “By partnering with a global brand like Tonino Lamborghini, we are not just building apartments but creating a new lifestyle…” Tonino Lamborghini S.p.A. Tonino Lamborghini, Founder and Chairman, said that with this project the company has entered the branded real estate market of India.