Signature Global Raises Rs 875 Crore via NCDs to Boost Mid-Income Housing Projects
NEW DELHI: Real estate player Signature Global (India) has successfully raised Rs 875 crore through a private placement of Non-Convertible Debentures (NCDs) to fund mid-income housing and ESG-aligned projects, marking a significant milestone in its growth strategy.
Signature GlobalNcdsMidincome HousingEsgReal EstateReal EstateOct 28, 2025
The NCDs, which have been assigned an ‘A+’ stable rating by Care Edge Ratings, have been listed on the BSE. This marks the first-ever listed debt transaction for Signature Global. The NCDs carry a coupon rate of 11 percent and have a tenure of 3 years, 2 months, and 30 days, with a maturity date set for January 15, 2029.
In the fiscal year 2024-25, Signature Global stood out as the fifth-largest listed real estate developer based on sales bookings. The company achieved pre-sales of nearly Rs 10,300 crore in the previous fiscal year and is aiming to reach Rs 12,500 crore in the current financial year. As of Q1FY26, the company has a robust project pipeline of 17.1 million sq. ft. of recently launched projects and 9.2 million sq. ft. of ongoing projects. Additionally, the company plans to develop 24.5 million sq. ft. of forthcoming projects over the next 2-3 years.
Pradeep Aggarwal, Founder & Chairman of Signature Global (India), expressed his gratitude and confidence in the company's direction. “Reposing of faith by an institution of repute like the International Finance Corporation is a testimony to our right approach and direction. We are determined to take this journey forward and will utilize the proceeds for the development of mid-income housing, particularly for ESG-aligned projects,” he stated.
Signature Global has been at the forefront of sustainable development, with 19 of its projects EDGE certified. This certification is among the highest in the entire real estate industry in the country, further solidifying the company's commitment to environmental, social, and governance (ESG) principles.
Frequently Asked Questions
What is the total amount raised by Signature Global through NCDs?
Signature Global raised Rs 875 crore through a private placement of Non-Convertible Debentures (NCDs).
Who is the lending arm of the World Bank that invested in Signature Global?
The International Finance Corporation (IFC) is the lending arm of the World Bank that invested in Signature Global.
What will the proceeds from the NCDs be used for?
The proceeds will be used to develop mid-income housing and ESG-aligned projects, as well as to reduce existing debt.
What is the tenure and coupon rate of the NCDs issued by Signature Global?
The NCDs have a tenure of 3 years, 2 months, and 30 days, with a coupon rate of 11 percent.
How many EDGE certified projects does Signature Global have?
Signature Global has 19 EDGE certified projects, which is among the highest in the real estate industry in India.
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