Signature Global Eyes Expansion with Mega Housing Projects Worth Rs 13,000 Crore

Realty firm Signature Global plans to launch several housing projects with a revenue potential of Rs 13,000 crore by March next year. Chairman Pradeep Kumar Aggarwal highlights strong demand and a robust launch pipeline. The company aims to invest Rs 2,500 crore in construction activities and achieve significant growth in sales bookings.

Signature Global, a prominent real estate developer based in Gurugram, is gearing up to launch multiple housing projects with a combined revenue potential of around Rs 13,000 crore by the end of the current fiscal year. The company's chairman, Pradeep Kumar Aggarwal, disclosed that the first of these projects, valued at approximately Rs 3,000 crore, has already been launched in the first quarter of 2024-25.

Aggarwal emphasized the company's focus on timely project delivery, with a planned investment of around Rs 2,500 crore this fiscal year for construction activities. Confident in the ongoing strong demand for branded housing, Aggarwal projected that Signature Global would meet its sales bookings guidance of Rs 10,000 crore for 2024-25, a notable increase from Rs 7,270 crore in the previous year.

The company has already achieved Rs 3,120 crore in sales bookings for the April-June quarter, marking a 3.5-fold increase from the same period last year. Signature Global plans to utilize its internal cash flow for construction, land acquisition, and debt reduction, while exploring new land in Noida and Delhi for future projects. Founded in 2014, the company has expanded from affordable housing into mid-income, premium, and luxury segments, boasting a current market capitalization of Rs 21,260.67 crore.

(With inputs from agencies.)