Signature Global Acquires 33.47 Acres in Gurugram for ₹450 Crore to Expand Housing Projects
Realty firm Signature Global has acquired 33.47 acres of land in Sohna, Gurugram, for around ₹450 crore to develop housing projects. The company, which is one of the leading real estate developers in India, plans to invest significantly in the coming years to expand its presence in the Delhi-NCR region.
Real EstateSignature GlobalGurugramLand AcquisitionHousing ProjectsReal Estate NewsAug 31, 2025
Gurugram-based Signature Global is one of the leading real estate developers in the country. The company became the fifth largest player in the last fiscal year in terms of pre-sales, selling properties worth ₹10,290 crore.
“We have recently purchased a total of 33.47 acres of land in Sohna, Gurugram,” Signature Global Chairman Pradeep Kumar Aggarwal told PTI on the sidelines of NAREDCO’s convention on Saturday.
He said the cost of acquisitions stood around ₹450 crore. These land parcels were bought through three separate sale deeds. The total development potential is around 18 lakh sq ft.
“We are always looking for land parcels to expand our business. In Delhi-NCR, we are evaluating multiple deals in Gurugram, Noida, Greater Noida, and Delhi,” he said.
Land acquisitions in any financial year should be equivalent to the total projects launched in that fiscal year, Aggarwal said, when asked about the land bank strategy of the company for future development.
Signature Global had invested ₹1,070 crore last fiscal year to purchase 48 acres of land in Gurugram, Haryana. The company plans to invest ₹1,200-1,500 crore during 2025-26 to acquire land parcels.
On launches, Aggarwal said the company has launched ₹4,000 crore worth projects in the first quarter of FY26 and another ₹13,000 crore worth projects would come into the market by March next year.
“In the second quarter, we have not launched any project so far. But, we have inventories in our existing projects for sales,” he added.
Aggarwal remains confident of achieving the sales bookings or pre-sales guidance of ₹12,500 crore for the current fiscal year.
About the market scenario of Gurugram, he said, “Demand is slow and steady for luxury homes priced above ₹5 crore per unit. There is not much supply in the ₹2-5 crore price bracket.” However, he said there has been no price correction in the market, although the pace of increase in rates would be moderate going forward.
“The frenzy seen in the last few years, with entire projects getting sold in a few hours or days, is missing now,” Aggarwal said.
During the April-June period of 2025-26, the company reported a fivefold surge in consolidated net profit to ₹34.43 crore. Its net profit stood at ₹6.79 crore in the year-ago period. Total income rose to ₹898.35 crore, from ₹427.98 crore during the period under review.
The company reported a 15 per cent decline in sales bookings to ₹2,640 crore in the first quarter of this fiscal year from ₹3,120 crore in the year-ago period. Since inception, Signature Global has delivered nearly 15 million sq ft of real estate projects.
Frequently Asked Questions
What is the total area of land acquired by Signature Global in Sohna, Gurugram?
Signature Global has acquired 33.47 acres of land in Sohna, Gurugram.
How much did Signature Global spend on the land acquisition?
Signature Global spent around ₹450 crore on the land acquisition.
What is the total development potential of the acquired land?
The total development potential of the acquired land is around 18 lakh sq ft.
What is Signature Global's strategy for land bank acquisition?
Signature Global aims to acquire land parcels equivalent to the total projects launched in any financial year.
What is the company's sales bookings target for the current fiscal year?
Signature Global aims to achieve sales bookings or pre-sales guidance of ₹12,500 crore for the current fiscal year.
Related News Articles
Boosting India's Housing Market: Developers Seek Tax Incentives and Industry Status in Budget 2024
The Indian housing sector is looking forward to the Union Budget 2024, expecting tax reliefs and other sentiment boosters to stimulate growth in the market.
Kalpataru Ltd Set to Enter Nagpur Real Estate Market with Plotted Development Project
Mumbai-based Kalpataru Ltd plans to launch a plotted development project in Nagpur, marking its entry into the city's real estate market. The project will be spread across 37 acres and will have 400 plots of sizes 1,200 to 4,000 sq ft range.
Hong Kong Halts Commercial Land Sales for Seventh Consecutive Quarter
Hong Kong's government has announced that it will not sell any commercial land in the quarter from October to December, citing low demand and high office vacancy rates.
Homebuyers Forum Claims RERA Act Falls Short of Objectives, Urges Consumer Affairs Ministry for Action
A forum representing homebuyers in Maharashtra claims that the Real Estate (Regulation and Development) Act, 2016, has failed to meet its objectives. The forum is now urging the Union Consumer Affairs Ministry to issue specific guidelines to protect consu
Ahmedabad Shines with Top Rental Yields in India
Ahmedabad leads the pack with the highest rental yields in India, clocking in at 3.9%, according to a recent report by Magicbricks. Other cities like Hyderabad, Kolkata, and Pune are also seeing significant increases in rental returns.
Incuspaze Expands with Major Leasing Deal in Gurugram's Thriving Real Estate Market
Incuspaze, a prominent player in the commercial real estate sector, has announced a significant leasing deal in Gurugram, marking a major expansion in one of India’s most booming real estate markets. This move underscores the growing demand for quality of