Signature Global Secures 33.47 Acre Land in Gurugram's Sohna for ₹450 Crore
Gurugram-based real estate developer Signature Global has acquired 33.47 acres of land in Sohna, Gurugram, for ₹450 crore to develop new housing projects. This strategic move underscores the company's commitment to expanding its portfolio in the Delhi-NCR region.
Real EstateGurugramLand AcquisitionHousing ProjectsSignature GlobalReal EstateAug 31, 2025
Gurugram-based Signature Global is one of the leading real estate developers in the country. The company has become the fifth largest player in the last fiscal year in terms of pre-sales, with properties worth ₹10,290 crore sold.
“We have recently purchased a total of 33.47 acres of land in Sohna, Gurugram,” Signature Global Chairman Pradeep Kumar Aggarwal stated on the sidelines of NAREDCO's convention on Saturday. He added that the cost of these acquisitions was around ₹450 crore. The land parcels were bought through three separate sale deeds, with a total development potential of around 18 lakh square feet.
“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,” Aggarwal said. The company's land bank strategy involves acquiring land equivalent to the total projects launched in that fiscal year.
Signature Global has a robust investment plan for the upcoming years. Last fiscal year, the company invested ₹1,070 crore to purchase 48 acres of land in Gurugram, Haryana. They plan to invest between ₹1,200 crore to ₹1,500 crore during 2025-26 to acquire more land parcels.
On project launches, Aggarwal mentioned that the company has already launched projects worth ₹4,000 crore in the first quarter of FY26. Another ₹13,000 crore worth of projects are expected to come to market by March next year. “In the second quarter, we have not launched any new projects so far. However, we have inventories in our existing projects available for sales,” he added.
Aggarwal expressed confidence in achieving the sales bookings or pre-sales guidance of ₹12,500 crore for the current fiscal year. He also provided insights into the market scenario in Gurugram. “Demand is slow but steady for luxury homes priced above ₹5 crore per unit. There is not much supply in the ₹2-5 crore price bracket,” he observed.
Despite the current market conditions, Aggarwal noted that there has been no price correction, although the pace of increase in rates is expected to be moderate in the future. “The frenzy seen in the last few years, with entire projects getting sold in a few hours or days, is missing now,” he said.
In the April-June period of 2025-26, the company reported a fivefold surge in consolidated net profit to ₹34.43 crore, up from ₹6.79 crore in the year-ago period. Total income rose to ₹898.35 crore from ₹427.98 crore during the period under review. Sales bookings, however, saw a 15% decline to ₹2,640 crore in the first quarter of this fiscal year, down from ₹3,120 crore in the previous year.
Since its inception, Signature Global has delivered nearly 15 million square feet of real estate projects, showcasing its commitment to quality and innovation in the industry.
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?
The company spent approximately ₹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 square feet.
What is Signature Global's strategy for land bank expansion?
Signature Global's strategy involves acquiring land equivalent to the total projects launched in that fiscal year.
What is Signature Global's planned investment for 2025-26?
The company plans to invest between ₹1,200 crore to ₹1,500 crore during 2025-26 to acquire more land parcels.
Related News Articles
West Asia Tensions Rise: Fareed Zakaria on Israel's Moves Against Iran
West Asia is teetering on the brink of a regional war, according to author and political commentator Fareed Zakaria, as tensions between Iran and Israel continue to escalate. Zakaria discusses the shift in conflict dynamics and the potential for direct co
NAREDCO Maharashtra Teaming Up with Brigade REAP to Support PropTech Startups
NAREDCO Maharashtra and Brigade REAP are joining forces to bolster the PropTech ecosystem in the state. This collaboration aims to foster innovation and growth in the real estate technology sector.
Political Turmoil in Maharashtra: BJP Accuses MVA Alliance of Using Stolen Bitcoin for Election Funding
The political landscape in Maharashtra is currently facing a storm as the BJP has unveiled three audio clips, alleging that Nana Patole and Supriya Sule were involved in a Bitcoin scandal to fund the MVA alliance's election campaigns.
MahaRERA Recovers ₹200.23 Crore for Homebuyers in Maharashtra
Mumbai: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has successfully recovered ₹200.23 crore as compensation for aggrieved homebuyers in the state. This significant achievement reflects the regulatory body's commitment to protecting the in
Construction Costs for Greenfield Real Estate Projects Rise 2-4% in 2024
Real estate consultant CBRE has released a report titled 'India Construction Cost Trends 2024-25: Navigating Costs in a Transforming Landscape', highlighting a 2-4% increase in construction costs for greenfield real estate projects in 2024.
Phoenix Mills Demonstrates Resilience in the Face of Real Estate Sector Challenges
Despite facing short-term challenges, Phoenix Mills has shown strong long-term performance in the construction and real estate sector, highlighting its resilience and strategic positioning.