July 21, 2025 |
Signature Global to Launch Homes Worth Rs 6k Cr in Gurugram in Jul-Sep: Chairman
Realty firm Signature Global plans to launch homes worth Rs 6,000 crore for sale in Gurugram in the current quarter to cater to the demand from end-users and investors.
Signature Global was the fifth-largest listed real estate firm in 2024-25, in terms of sales bookings, falling behind Godrej Properties, DLF, Lodha Group and Prestige Estates Projects Ltd.
The company had clocked record pre-sales of Rs 10,290 crore last fiscal.
In an interview with PTI, Signature Global Chairman Pradeep Kumar Aggarwal said the company launched one housing project in Gurugram during the June quarter with total revenue potential of around Rs 3,500 crore.
“We are planning to launch 3.5-4 million square feet in the current quarter. The total sales potential would be around Rs 6,000 crore,” he said.
Aggarwal said the demand continues to be strong, especially for good brands.
“The maximum demand is in the Rs 2-4 crore category,” he observed.
Recently, on the sidelines of a real estate conference, Aggarwal asserted that there was no bubble in the Gurugram housing market and ruled out any price crash.
Aggarwal remains confident of achieving its target to sell Rs 12,500 crore worth of homes this fiscal, even as its pre-sales dipped 15 per cent in the June quarter.
During the April-June quarter, the company reported a 15 per cent decline in sales bookings to Rs 2,640 crore from Rs 3,120 crore in the year-ago period.
The company sold 778 homes in April-June 2025 against 968 units a year ago.
In terms of volumes, pre-sales dipped 20 per cent to 16 lakh square feet.
During the June quarter, the average sales realisation stood at Rs 16,296 per sq ft compared to Rs 12,457 per sq ft in the last fiscal.
To expand business and refinance debt, Signature Global is also looking to raise Rs 875 crore through the issue of non-convertible debentures.
It posted a net profit of Rs 101.2 crore in the last fiscal, a sharp jump from Rs 16.32 crore in the preceding year.
Its total income grew to Rs 2,637.99 crore in the last fiscal from Rs 1,324.55 crore in 2023-24.
Signature Global has delivered 14.6 million sq ft of real estate so far.
Another 10.4 million square feet is under construction.
Source : ET
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