Real estate company Signature Global has bought a 16.12-acre land in Gurugram for nearly Rs 300 crore to develop a housing project, as it remains bullish on demand for mid-income and premium residential properties. The land is located on Sector 71, Southern Peripheral Road, Gurugram, Haryana. "We have purchased a 16-acre land parcel in Gurugram for the development of a premium housing project," Signature Global Chairman Pradeep Kumar Aggarwal told PTI. He said the total development potential in this project would be around 27-28 lakh square feet area. Asked about the land cost, Aggarwal said the total investment of the purchase of land is nearly Rs 300 crore. He said the company had earlier done a joint development agreement with the landowner but now it has cancelled the same and bought this land parcel outrightly. Aggarwal said the company has bought this land using internal accruals, as the company is generating operating surplus. Signature will continue to look for land parc
In its Q3 update, released on Tuesday after market hours, the company reported a 120 per cent rise in year-on-year (Y-o-Y) sales at Rs 277 crore as compared to Rs 126 crore a year ago
The company's pre-sales for Q3 FY25 stood at Rs 2,770 crore, up 120 per cent YoY
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Realty firm Signature Global is looking for land in Noida and Greater Noida to expand the business and will explore taking over stalled housing projects as well provided there are no legacy litigations. Signature Global, which got listed in 2023, has a significant presence in the Gurugram market of Delhi-NCR. In an interview with PTI, Signature Global founder and Chairman Pradeep Aggarwal said, "We want to expand our business in Delhi-NCR beyond the Gurugram market. We are looking for land parcels in Noida, Greater Noida and Yamuna Expressway." The company will participate in land auctions conducted by development authorities of these three regions, he added. That apart, Aggarwal said, "We are also looking to take over stalled housing projects in Noida. The Noida authority has come up with a co-development policy to revive stalled projects. A couple of projects have been approved under this new policy." Aggarwal, however, said the company will take over stalled housing projects,
Realty firm Signature Global Ltd plans to launch multiple housing projects worth Rs 50,000 crore in Delhi-NCR over the next three years as part of its expansion plan amid strong consumer demand. Signature Global, listed on stock exchanges, is one of the leading real estate firms in the country. It sold properties worth Rs 7,200 crore last fiscal and is targeting to sell Rs 10,000 crore this fiscal. In an interview with PTI, Signature Global Chairman Pradeep Aggarwal noted that housing demand continues to be strong in Gurugram, and the company would keep expanding its presence by launching more projects and acquiring new land parcels. "We have a strong launch pipeline. We are targeting to launch projects worth Rs 50,000 crore over the next three years," he said. The company has already acquired land in Gurugram and adjoining areas to launch multiple projects, Aggarwal noted. "We gave guidance to launch Rs 16,000 crore worth of projects during the current fiscal year. We achieved Rs
Realty firm Signature Global Ltd is likely to exceed its sales bookings target of Rs 10,000 crore on strong housing demand in Gurugram property market, its Chairman Pradeep Aggarwal said. In an interview with PTI, he highlighted that the company has achieved Rs 5,900 crore worth sales bookings in the first half of this fiscal. "We had given a pre-sales (sales bookings) guidance of Rs 10,000 crore for the current fiscal. We were among few listed real estate developers to set such a big target," Aggarwal said. Considering the strong performance in the first six months, he said, "We are quite hopeful of over-achieving of our annual guidance." There is a strong launch pipeline for the second half of this fiscal, he said, adding the inventories in new as well as existing projects would help in achieving the taret comfortably. Signature Global's sale bookings jumped over three-time to Rs 5,900 crore in the April-September period of 2024-25 fiscal from Rs 1,860 crore in the correspondin
Realty firm Signature Global has awarded a Rs 1,203 crore contract to Capacit'e Infraprojects Ltd to construct its housing project in Gurugram. In a statement on Sunday, Signature Global said it has awarded the construction contract for its premium residential project 'Titanium SPR' at Sector 71, Gurugram. "The contract worth Rs 1,203 crore has been entrusted to the renowned construction company Capacit'e Infraprojects," it added. Spanning 14.382 acres, this project has a total of 608 units. The company will develop this project in two phases. Out of the total sales potential area of 3.7 million sq ft in this project, Signature Global launched the first phase, comprising 2.1 million sq ft, in June 2024. Pradeep Aggarwal, Chairman and Whole-Time Director of Signature Global, said, "By partnering with Capacit'e Infraprojects, we are confident that Titanium SPR will emerge as a landmark in the Delhi NCR region". Earlier this month, Signature Global reported a nearly three-fold incr
Realty firm Signature Global's net debt rose by 4 per cent in September quarter to Rs 1,020 crore as it looks to expand business amid strong consumer demand for housing properties. The company's net debt stood at Rs 980 crore at the end of June quarter FY25. Earlier this week, Signature Global reported that it has achieved a nearly three-fold increase in its sale bookings to Rs 2,780 crore during the second quarter on better demand for its housing projects. Its sale bookings or pre-sales stood at Rs 980 crore in the year-ago period. "Despite the 'shradhh' period, Q2, FY25 pre-sales amounted to Rs 27.8 billion, a 184 per cent increase against Q2, FY24," Signature Global had said in a regulatory filing. The company's sale bookings jumped over threefold to Rs 5,900 crore in April-September 2024-25 from Rs 1,860 crore in the year-ago period. Signature Global, which has a significant presence in the Gurugram market, clocked sale bookings of Rs 7,270 crore in 2023-24 and has a target o
Realty firm Signature Global has achieved a nearly three-fold increase in its sale bookings to Rs 2,780 crore during the second quarter of this fiscal year on better demand for its housing projects. Its sale bookings or pre-sales stood at Rs 980 crore in the year-ago period. "Despite the Shradhh period, Q2, FY25 pre-sales amounted to INR 27.8 billion, a 184 per cent increase against the Q2, FY24," Signature Global said in a regulatory filing on Tuesday. The company's sale bookings jumped over three-time to Rs 5,900 crore in the April-September period of 2024-25 fiscal from Rs 1,860 crore in the corresponding period of the preceding year. Signature Global, which has a significant presence in the Gurugram market, clocked sale bookings of Rs 7,270 crore in the 2023-24 fiscal and has given a target of Rs 10,000 crore for the current fiscal. "As we move forward, we're confident in maintaining this momentum and building on our shared achievements," its Chairman Pradeep Kumar Aggarwal ..
Following the boost in its target price, Signature Global share gained 1.77% intraday. The price hike was attributed to its strong project portfolio and its scope for expansion beyond Gurugram.
Signature Global had reported a consolidated net profit of Rs 579.7 crore in Q1FY25, while it had incurred a loss of Rs 7.5 crore in the corresponding quarter, last year.