December 2, 2024 |
Signature Global Sells Rs 2,300 Crore of Properties of Daxin Vistas in Just 10 Days
Launched in September, Daxin Vistas is located near the Sohna Elevated Corridor.
Signature Global (India) has sold Rs 2,300 crore of properties at one of its recently launched projects – Daxin Vistas – in just ten days, the company has informed investors during earning calls post its Q2FY25 results.
“In a span of about 10 days between September 20th and September 30th, we crossed about 2,300-odd crore of sales just from that one single project. The project has two key components – mid income housing in form of premium floors wherein we recorded sales in excess of about Rs 1,300 crores in a span of about 10 days,” said Rajat Kathuria, CEO, Signature Global (India).
“Daxin Vistas also offers Industrial plots. We launched Industrial/IT & ITeS plots for the first time, but we saw phenomenal response. We sold plots worth more than Rs 1,000 crores within a very short span of time,” he added.
Launched in September, Daxin Vistas is strategically located near the Sohna Elevated Corridor, and is spread across 125 acres, which includes independent floors, commercial spaces, and industrial/IT-ITeS office spaces under plotted development.
On a monthly basis, Signature Global is also clocking average monthly sales to the tune of Rs 1,000 crore for the last 9 months.
“We have now achieved almost close to about Rs 5,900 crores of sales during the first 6 months. And it’s kind of a consistent trend. During January- September 2024, we have launched De Luxe DXP, Titanium SPR, and Daxin Vistas and on a trailing 9-month basis, we have comfortably crossed even 9,000 crores worth of sales, a monthly run rate of above Rs 1,000 crore,” the company informed during the call.
The company has reported phenomenal performance in the last few quarters. In H1FY25, the company has reported pre-sale numbers of Rs 5,900 crore as against Rs 1,860 crore during H1FY24, thus registering a 217% jump. Signature Global also reported a profit of Rs 4.15 crore in Q2FY25, compared to a loss of Rs 19.92 crore in Q2FY24.
New launches are a playing part in the overall company performance. In March 2024, Signature Global successfully ventured into the premium housing segment with the launch of its first group housing project, De-luxe DXP, which received an overwhelming response from buyers. Spread across 16.65 acres in Sector 37D, Gurugram, De-luxe DXP offers approximately 1,000 units across 8 towers.
Following the success of De-luxe DXP, the company introduced its second group housing project, Titanium SPR, in the June quarter of the current financial year, which is spread over 14 acres. The project has achieved a sale of Rs 3,000 crore till September quarter.
Source : Construction Week Online
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