B.L. Kashyap Wins ₹496 Crore Construction Order for Tonino Lamborghini Residences in Gurugram

What happened

B.L. Kashyap & Sons Limited (BLK) has received a new work order from Signature Global (India) Ltd worth ₹495.86 crore, excluding Goods and Services Tax (GST). The contractor disclosed the order to the stock exchanges on 24 October 2026. Signature Global announced the award publicly on Friday, 30 October 2026.

BLK will build Tonino Lamborghini Residences, the developer's branded residential project in Sector 71 on the Southern Peripheral Road (SPR) in Gurugram. The letter of award was received and accepted on 23 October 2026 at 4:15 PM.

Contract scope and timeline

According to the regulatory filing, the scope covers civil structure and part Mechanical, Electrical and Plumbing (MEP) works for towers and basements, along with residential and commercial ancillary buildings. The contract is to be executed over an approximate period of 40 months from the date of site handover. The handover date has not been announced.

The filing refers to four towers and basements. Project descriptions published elsewhere describe five towers rising to G+41 floors, with four residences per core. Buyers and readers should treat the tower count in the filing and the project description as separate references.

The filing describes the order as domestic in nature. BLK has stated that no promoter or promoter-group company has an interest in the client company.

About the project

Tonino Lamborghini Residences is part of SG SPR Estate, a larger integrated development that Signature Global is building in Sector 71. The project brings the Italian brand Tonino Lamborghini into India's residential market. Both phases together comprise 812 residences in 3, 4 and 4.5 BHK configurations across 12.40 acres.

Project listings give unit sizes of 2,050 sq ft (3 BHK), 2,450 sq ft (4 BHK) and 2,850 sq ft (4.5 BHK). The developer says the homes are planned in a low-density layout with four homes around each core. Listed amenities include a 50,000 sq ft clubhouse designed in the Lamborghini style, a swimming pool, wellness areas, fitness centres and green spaces. The design team is guided by Angela Krieger, Creative Director of Tonino Lamborghini Total Living.

Signature Global and Tonino Lamborghini have announced that Phase 1 has completely sold out. Phase 2 is to be launched soon from the Tonino Lamborghini headquarters in Bologna, and its unit count is described as roughly the same as Phase 1.

Location and connectivity

Sector 71 sits along the Southern Peripheral Road, a 16 km stretch that runs from the Ghata village area near Sectors 55 and 56 to Sohna Road. The sector has road access to Dwarka Expressway, NH-48, Sohna Road and Golf Course Extension Road via the SPR.

• GMDA is building a ₹750 crore elevated SPR corridor from Vatika Chowk to the Dwarka Expressway cloverleaf. No completion date has been announced.
• The Vatika Chowk cloverleaf design was finalised in January 2026.
• A Hero Honda–Sector 71 link road is under construction. No completion date has been announced.
• Gurugram Metro Phase-II, approved to add stations along the SPR, has no confirmed station timing for this stretch. Plans also include extending the Rapid Metro from Millennium City Centre to Sectors 71 and 72.
• The nearest existing metro station is the Rapid Metro station at Sectors 55 and 56, about 9 km away by car.

What it means for buyers

For buyers, the main change is that the construction contract for the project is now in place with a named contractor, and the developer has linked the work to its quality commitments. Lalit Aggarwal, co-founder and vice chairman of Signature Global (India) Ltd, said the project needs execution that matches its design ambition and that the focus is on maintaining quality at every stage.

Prices for Phase 2 have not been published by the developer. Property portals show a broad range of roughly ₹4.5 crore to ₹6.5 crore, with starting prices quoted between ₹4.49 crore and ₹4.8 crore. Buyers should rely on the developer's own offer documents for pricing and should check the project's registration and possession dates on the Haryana RERA portal before booking, since listings give different possession years.

What it means for contractors and investors

The order adds to BLK's project portfolio. BLK's order book stood at ₹4,712 crore as of 30 June 2026. Market coverage reported that the company's shares rose about 4% after the order was announced. The contract value is equal to a little over 10% of the order book reported at that date.

For Signature Global, the award is one of several recent land and construction moves in Gurugram, including a 194.22-acre land acquisition at Farrukhnagar announced in September 2026 and a 6.14-acre collaboration at Village Alipur, Tehsil Sohna, signed on 29 July 2026.

What comes next

Two milestones are pending. The first is the Phase 2 launch, which the developer describes as coming soon from Bologna; no exact launch date has been announced. The second is site handover, after which the 40-month execution period begins. Construction over the full project is described in coverage as taking five to six years. The listed expected possession date is January 2033.