Signature Global Secures ₹875 Crore from IFC to Boost Housing Development
Signature Global, a leading real estate developer, has raised ₹875 crore from the International Finance Corporation (IFC) to fund new housing projects and retire high-cost debt. The company aims to achieve a sales booking target of ₹12,500 crore for the fiscal year.
Signature GlobalIfcReal EstateFundraisingHousing ProjectsReal Estate NewsOct 28, 2025
Gurugram-based Signature Global is one of the leading real estate developers in India. The company is confident of achieving its sales bookings target of ₹12,500 crore for the current fiscal year, backed by a launch pipeline of homes worth ₹14,000 crore over the next five months.
In the previous fiscal year, Signature Global sold properties worth ₹10,290 crore, solidifying its position as the fifth largest listed realty firm in terms of sales bookings.
“We have raised ₹875 crore from the private placement of NCDs with the International Finance Corporation (IFC),” Signature Global Chairman Pradeep Kumar Aggarwal informed reporters. After the successful Initial Public Offering (IPO) and listing of the company’s shares on the stock exchanges, Aggarwal emphasized that this fundraising marks another significant milestone for the company.
The funds will be allocated to develop mid-income housing and Environmental, Social, and Governance (ESG) aligned projects. A portion of the funds, specifically ₹470 crore, will be used to repay existing debt. The company reported a net debt of around ₹900 crore at the end of the second quarter of the current fiscal year.
Signature Global CEO Rajat Kathuria revealed that IFC had previously made an equity investment of ₹210 crore in Signature Global and currently holds approximately 1% equity stake in the realty firm.
Recently, the debenture committee approved the allotment of 87,500 NCDs with a face value of ₹1 lakh each, aggregating to ₹875 crore on a private placement basis. The NCDs, which have a coupon rate of 11%, will mature on January 15, 2029, and are listed on the exchanges.
When asked about the sales bookings for the current fiscal year, Kathuria expressed confidence that the company would meet its target of ₹12,500 crore for FY26. “We will be launching around 8 million square feet of area for sales during the current and next quarter, with a combined revenue potential of around ₹14,000 crore,” he stated.
According to the company's latest operational update, Signature Global reported a 21% decline in sales bookings to ₹4,650 crore during the April-September period of 2025-26, compared to ₹5,900 crore in the same period the previous year. Despite this, the company has delivered a total of 15.7 million square feet of real estate to date.
Frequently Asked Questions
What is Signature Global's main use for the ₹875 crore raised from IFC?
The funds will be used to develop new housing projects and repay existing high-cost debt, with ₹470 crore specifically allocated for debt repayment.
What is Signature Global's sales booking target for the current fiscal year?
Signature Global aims to achieve a sales booking target of ₹12,500 crore for the current fiscal year.
How much has Signature Global sold in properties in the previous fiscal year?
In the previous fiscal year, Signature Global sold properties worth ₹10,290 crore.
What is the coupon rate and maturity date of the NCDs issued by Signature Global?
The NCDs have a coupon rate of 11% and will mature on January 15, 2029.
What is Signature Global's current net debt position?
Signature Global reported a net debt of around ₹900 crore at the end of the second quarter of the current fiscal year.
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