Signature Global Aims to Achieve ₹10,000 Crore in Pre-Sales for FY25
The company expects to achieve ₹10,000 crore of pre-sales in 2024-25, with a sustained supply of projects in Sector 71 and other locations.
Real EstateSignature GlobalPre SalesFy25IndiaReal EstateJul 01, 2024
Rajat Kathuria, the CEO of Signature Global, stated that the company's overall annual target is ₹10,000 crore, which will be achieved through multiple projects, including those in Sector 71 and the Sohna Elevated Corridor. The company expects to launch around 3.5 million square feet in Sector 71 this year.
The company's net debt is expected to be less than 0.5 times the operating surplus by the end of FY25. As of March 31, 2024, the net debt was around ₹1,150 crore, despite significant investments in land acquisition.
Signature Global has had a steady sales trend over the past 4-5 years, with a compound annual growth rate (CAGR) of over 60%. The company recently launched the Titanium SPR project in Gurugram, which contributed ₹2,700 crore to pre-sales in just a week to ten days.
The average realization of the Titanium SPR project is ₹16,000 per square foot. Buyers typically make a token payment of around ₹10 lakh, followed by installments linked to construction milestones.
The company's wholly-owned subsidiary has also executed a deed to purchase 3.8 acres of land at Gurugram, Dwarka Expressway, with a developable area of six lakh square feet.
Information
Signature Global India is a leading real estate developer with a market capitalization of around ₹19,946.20 crore. Its shares have gained close to 210% in the past year.
Signature Global India is a Gurugram-based real estate developer with a focus on developing residential and commercial projects in the National Capital Region (NCR).
Frequently Asked Questions
What is Signature Global's target for pre-sales in FY25?
₹10,000 crore
How much area has Signature Global launched in Sector 71?
3.5 million square feet
What is the average realization of the Titanium SPR project?
₹16,000 per square foot
How much did Signature Global's shares gain in the past year?
Close to 210%
What is the company's net debt as of March 31, 2024?
Around ₹1,150 crore
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