Signature Global (India) has announced a remarkable sales performance, with its newly launched project, Daxin Vistas, achieving Rs 2,300 crore in property sales within just 10 days. This exceptional milestone was reported during the company’s earnings call for Q2FY25, where CEO Rajat Kathuria shared that between September 20th and September 30th, the project recorded significant sales, marking a key achievement for the company.
Daxin Vistas, located near the Sohna Elevated Corridor, is a sprawling development spread over 125 acres, offering a mix of residential, commercial, and industrial/IT-ITeS spaces. The sales breakdown revealed that the majority of the sales, over Rs 1,300 crore, came from the premium floors in the project’s mid-income housing segment, while the remaining Rs 1,000 crore came from the sale of industrial/IT plots. This was the first time Signature Global launched industrial plots under the Daxin Vistas banner, and the response has been overwhelming, reflecting strong demand in the sector.
In a highly competitive real estate market, Signature Global has been performing exceptionally well. The company has consistently achieved monthly sales of around Rs 1,000 crore over the past nine months, with total sales reaching approximately Rs 5,900 crore in the first half of FY25. This marks a 217% increase from the Rs 1,860 crore in presales during the same period last year. The company’s overall performance has also improved significantly, with a profit of Rs 4.15 crore in Q2FY25, compared to a loss of Rs 19.92 crore during the same quarter in FY24.
The success of Daxin Vistas adds to a string of successful launches by Signature Global this year. The company ventured into the premium housing segment in March 2024 with the launch of its first group housing project, De-luxe DXP, which saw a positive market reception. Spread across 16.65 acres in Gurugram, the project offers 1,000 units across 8 towers. Following this, the company launched Titanium SPR in the June quarter, a 14-acre project that has already generated sales worth Rs 3,000 crore. Signature Global’s consistent sales growth and successful launches are a testament to its strong market position and ability to capitalize on growing demand in both residential and commercial real estate segments.
