Signature Global Acquires 10 Acres in Gurugram for Housing Projects
Real estate developer Signature Global has acquired two land parcels totaling 10 acres in Gurugram to expand its housing projects. The company plans to invest heavily in land acquisition and construction to meet its ambitious growth targets.
Real EstateLand AcquisitionGurugramHousing ProjectsSignature GlobalReal Estate NewsJul 06, 2025
The land parcels, measuring approximately 9.96 acres, have an overall potential sales area of around 0.53 million (5.3 lakh) square feet. This acquisition is a significant step in the company’s growth trajectory, as land is a crucial raw material for real estate developers.
Last month, Pradeep Kumar Aggarwal, the chairman of Signature Global, announced that the company would invest between ₹1,200 and ₹1,500 crore to acquire more land parcels this fiscal year. This follows a significant investment of ₹1,070 crore last fiscal year to purchase 48 acres of land in Gurugram, Haryana.
“Land is an important raw material for real estate developers. We will be investing around ₹1,200-1,500 crore on the acquisition of land parcels this fiscal,” Aggarwal stated. This investment underscores the company’s commitment to expanding its footprint in the lucrative Gurugram market.
Signature Global has emerged as the fifth-largest listed real estate developer in terms of sales bookings, achieving record pre-sales of ₹10,290 crore last fiscal year. The company has set an ambitious target of ₹12,500 crore in pre-sales for the current fiscal year.
In addition to land acquisition, Signature Global is ramping up construction activities across its ongoing projects. The company plans to invest ₹2,500 crore in construction activities in the 2025-26 fiscal year, compared to ₹1,900 crore in the previous fiscal year.
Recently, Signature Global announced plans to raise ₹875 crore through the issue of non-convertible debentures to refinance debt and expand its business. This financial strategy will provide the company with the necessary capital to execute its expansion plans.
Initially, Signature Global focused on developing affordable housing projects. However, due to the high land costs in Gurugram, the company shifted its focus to mid-income, premium, and luxury segments. This strategic pivot has been instrumental in the company’s growth and profitability.
During the last fiscal year, Signature Global reported a net profit of ₹101.2 crore, a significant increase from ₹16.32 crore in the preceding year. The company’s total income grew to ₹2,637.99 crore from ₹1,324.55 crore in 2023-24, reflecting its strong financial performance.
Since its inception, Signature Global has delivered 13.5 million square feet of housing projects and has a robust pipeline of about 21.6 million square feet of saleable area in upcoming projects. Additionally, the company has 46.38 million square feet of ongoing projects, targeted for completion within the next 2-3 years.
With its strategic acquisitions and robust development pipeline, Signature Global is well-positioned to continue its growth and solidify its position as a leading real estate developer in the region.
Frequently Asked Questions
What is the total area of land acquired by Signature Global in Gurugram?
Signature Global has acquired two land parcels totaling 10 acres in Gurugram.
How much will Signature Global invest in land acquisition this fiscal year?
The company plans to invest between ₹1,200 and ₹1,500 crore in land acquisition this fiscal year.
What is Signature Global's target for pre-sales in the current fiscal year?
Signature Global aims to achieve ₹12,500 crore in pre-sales for the current fiscal year.
How much has Signature Global invested in construction activities for the 2025-26 fiscal year?
The company plans to invest ₹2,500 crore in construction activities for the 2025-26 fiscal year.
What segments does Signature Global now focus on for its housing projects?
Signature Global now focuses on mid-income, premium, and luxury segments due to high land costs in Gurugram.
Related News Articles
Pune Court Extends Custody of Grandfather and Father in Porsche Crash Case Involving 17-Year-Old
The Pune court has extended the custody of the grandfather and father of the 17-year-old boy involved in the Porsche crash case. The duo was booked under IPC sections 365 and 304 (II) for their alleged role in the incident.
Elderly Woman's Property Seizure: A Shocking Incident in Pune
A 69-year-old woman's property in Katraj, Pune was seized by a gang while she was visiting her daughter in the USA, and she was threatened upon her return.
hBits Launches Rs 54.66 Crore Grade A Investment in MMR's Thriving BFSI Sector
Mumbai-based fractional ownership platform hBits has announced a new Grade A commercial asset in the Mumbai Metropolitan Region (MMR), reinforcing its commitment to high-quality real estate investments.
Aditya Birla Real Estate Gains 3% as Arm Secures Rs 104-Cr Land in Boisar
Despite the Nifty being down 0.2% at 24,288.40, Aditya Birla Real Estate's market capitalisation soared to Rs 30,620.81 crore. The acquisition of a Rs 104 crore land plot in Boisar has boosted investor confidence.
Mahindra Lifespace and Livingstone Infra Join Forces for Cluster Redevelopment in Mumbai
Mahindra Lifespace Developers Ltd. and Livingstone Infrastructure Partners have announced a strategic partnership to undertake a major cluster redevelopment project in Mumbai. This collaboration aims to transform the city's real estate landscape with a fo
UDR Welcomes New Lead Independent Director Amidst Klingbeil's Departure
UDR, a leading real estate investment trust, has announced the appointment of a new Lead Independent Director as Gary W. Klingbeil steps down. This move underscores UDR's commitment to maintaining strong corporate governance and strategic leadership in a