Signature Global Faces Sales Decline Amid Gurugram Housing Slowdown
New Delhi, Apr 9 (PTI) Realty firm Signature Global Ltd has reported a 5 per cent decline in its pre-sales to Rs 1,540 crore in the fourth quarter of the last fiscal year amid a slowdown in housing demand in Gurugram, Haryana.
Its sales bookings stood at Rs 1,620 crore in the year-ago period.
During the 2025-26 fiscal, the sales bookings fell 20 per cent to Rs 8,220 crore from a record Rs 10,290 crore in the preceding year, Signature Global said in a regulatory filing on Wednesday.
The company sold 2,114 homes in the last fiscal, almost half of the 4,130 units in the preceding year.
During FY26, the company's average sales realization increased to Rs 15,250 per sq ft from Rs 12,457 per sq ft in FY25, driven by higher volumes in the premium segment and sales price increases across key regions.
In terms of area, the pre-sales fell 35 per cent to 5.39 million sq ft last fiscal from 8.26 million sq ft in 2024-25.
The company develops housing projects in the Gurugram market of Delhi-NCR.
In the fourth quarter, Pradeep Kumar Aggarwal, Chairman of Signature Global Ltd, said the company has taken a strategic step forward with a recent foray into commercial real estate through a joint venture with Bengaluru-based RMZ Group. The JV will invest around Rs 7500 crore to develop an 18-acre commercial project.
“Going ahead, we remain focused on execution excellence, prudent capital allocation, and delivering long-term value for all stakeholders, while expanding our presence across high-growth micro-markets,” Aggarwal said.
At the beginning of the 2025-26 fiscal, Signature Global set a target of achieving Rs 12500 crore worth of sales bookings. However, after the third quarter, the company said it would not be able to meet the target in view of the softening of demand in the Gurugram residential market.
Signature Global, which is one of the leading real estate developers in the country, has successfully delivered 16.5 million sq ft of real estate so far.
