Signature Global Reports 27% Drop in Q3 Sales Bookings to ₹2,020 Cr Amid Sluggish Housing Market

Realty firm Signature Global announced a 27% decline in its sales bookings to ₹2,020 crore for the quarter ended December, despite the usual high demand for housing properties during the festive season. The Gurugram-based company had sold properties worth ₹2,770 crore in the same period last year.

In a regulatory filing, Signature Global revealed that it sold 408 units during the October-December period of the current fiscal year, a significant drop from 1,518 units sold in the year-ago period. The area of sales bookings also fell from 2.49 million sq ft to 1.44 million sq ft.

Real estate developers typically experience better sales bookings during the October-December period due to festive demand. However, Signature Global did not provide a specific reason for the decline in sales bookings during the third quarter. One possible explanation is the late launch of a major housing project on Dwarka Expressway, which could have impacted the sales figures.

During the first nine months of the fiscal year 2025-26, Signature Global's sales bookings fell 23% to ₹6,680 crore from ₹8,670 crore in the same period last year. The company sold 1,746 units during the October-December period of the 2025-26 fiscal year, compared to 3,539 units in the year-ago period.

Pradeep Kumar Aggarwal, Chairman of Signature Global, commented, “We delivered a healthy performance during the first nine months of FY26, driven by sustained demand across our focused micro-markets.” The launch of a wellness-centric premium project, Sarvam at DXP Estate on Dwarka Expressway, received positive customer response, reflecting evolving buyer preferences.

“Strong collections, improving realisations, and disciplined balance sheet management underline execution strength. Looking ahead, the current momentum and planned launches keep us broadly aligned with our guidance and support our longer-term growth plans,” Aggarwal added.

Signature Global achieved sales bookings of ₹10,290 crore in the previous fiscal year, making it the fifth-largest listed real estate developer in terms of sales. The company has set a target of ₹12,500 crore in sales bookings for the full 2025-26 fiscal. To meet this target, Signature Global will need to sell properties worth nearly ₹6,000 crore in the current quarter.

The company's residential projects are primarily located in the Gurugram market, which has recently experienced a slowdown in demand due to the sharp increase in prices post-COVID pandemic. As of September last year, Signature Global had delivered 16 million sq ft of real estate.

Despite the challenges, Signature Global remains optimistic about its future prospects, driven by its strong market position and strategic project launches.