Gurugram is set to witness a significant real estate boost as realty firm Signature Global announces plans to launch homes worth ₹6,000 crore for sale in the current July-September quarter. This ambitious move aims to meet robust demand from both end-users and investors in the thriving market. The company, which achieved record pre-sales of ₹10,290 crore last fiscal year, remains confident in achieving its overall sales target for the current financial year, underscoring its aggressive expansion strategy in the region.
Signature Global, recognized as the fifth-largest listed real estate firm in India by sales bookings in 2024-25, is strategically focusing on Gurugram’s buoyant housing market. Following the launch of one housing project in the June quarter with a revenue potential of approximately ₹3,500 crore, the company now targets to launch 3.5 to 4 million square feet of new projects this quarter. The demand for quality housing remains strong, particularly within the ₹2-4 crore price segment. Despite a 15 percent decline in sales bookings during the April-June quarter to ₹2,640 crore, the average sales realization notably increased to ₹16,296 per square foot from ₹12,457 per square foot in the corresponding period last year, indicating healthy price appreciation.
The real estate developer is actively expanding its business and plans to raise ₹875 crore through the issuance of non-convertible debentures to refinance debt and support future growth initiatives. The company reported a substantial increase in net profit to ₹101.2 crore last fiscal, up from ₹16.32 crore in the preceding year, with total income more than doubling to ₹2,637.99 crore. With 14.6 million square feet of real estate delivered and another 10.4 million square feet under construction, Signature Global is actively solidifying its market position.
The aggressive launch pipeline highlights Signature Global’s strong belief in the Gurugram housing market’s resilience and growth trajectory. Despite a recent quarterly sales dip, the company’s strategic focus on new projects and fundraising solidifies its commitment to expanding its footprint. This move is set to further intensify competition within the dynamic Indian real estate sector.
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Gurugram Signature Global Targets Rs6000 Crore Home Sales This Quarter
