Gurugram's Premium Housing Market Sees Strong Demand as Signature Global Sells Rs 2700 Cr Flats
Signature Global's new Gurugram project, 'Titanium SPR', has seen overwhelming demand, with sales of over Rs 2,700 crore worth of premium apartments despite price increases.
Indian Real EstateGurugram Housing MarketPremium ApartmentsSignature GlobalTitanium SprReal Estate NewsJun 30, 2024
The project has achieved an overwhelming response, with expressions of interest exceeding twice the number of apartments available for sale. The ongoing allotment process has resulted in remarkable sales of over Rs 2,700 crore, which is expected to increase significantly after the finalization of the allotment process.
Although Signature Global has not disclosed the number of housing units launched in this project or the number of units sold, the company's Chairman, Pradeep Aggarwal, highlighted the tremendous response from customers. According to Aggarwal, modern buyers are increasingly aspiring for high-quality lifestyles, and Signature Global is committed to understanding and adapting to changing trends to offer buyers the perfect mix of premium space, features, and amenities at a good value for investment.
The 'Titanium SPR' project will be developed in two phases, with the first phase featuring a saleable area of 2.1 million square feet and the second phase covering 1.5 million square feet. Signature Global, which was listed on stock exchanges last year, has delivered 10.4 million square feet of housing area so far. The company has a pipeline of about 32.2 million square feet of saleable area in its forthcoming projects, along with 16.4 million square feet of ongoing projects.
In the 2023-24 fiscal, Signature Global achieved sales bookings of Rs 7,270 crore and is targeting to achieve Rs 10,000 crore sales bookings in 2024-25. The company's success in the Gurugram market is a testament to the strong demand for premium housing in the region.
Information
Signature Global is a leading real estate firm in India, known for its high-quality residential projects. The company was listed on stock exchanges last year and has delivered 10.4 million square feet of housing area so far.
Signature Global is a renowned real estate firm in India, committed to delivering high-quality residential projects that meet the evolving needs of modern buyers. With a strong pipeline of forthcoming and ongoing projects, the company is poised to become a leader in the Indian real estate market.
Frequently Asked Questions
What is the name of Signature Global's new project in Gurugram?
The name of Signature Global's new project in Gurugram is 'Titanium SPR'.
How much is the sales figure of Signature Global's 'Titanium SPR' project?
The sales figure of Signature Global's 'Titanium SPR' project is over Rs 2,700 crore.
How many square feet of housing area has Signature Global delivered so far?
Signature Global has delivered 10.4 million square feet of housing area so far.
What is the target sales booking of Signature Global for 2024-25?
The target sales booking of Signature Global for 2024-25 is Rs 10,000 crore.
In which sector is Signature Global's 'Titanium SPR' project located?
Signature Global's 'Titanium SPR' project is located in Sector 71, Gurugram.
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