Signature Global Set to Launch Rs 6,000 Crore Homes in Gurugram: Chairman
Signature Global, one of the leading real estate firms in India, is set to launch homes worth Rs 6,000 crore in Gurugram during the current quarter. This move is aimed at capitalizing on the strong demand from end-users and investors in the region.
Signature GlobalGurugram Real EstateResidential Homes LaunchReal Estate InvestmentHousing ProjectsReal Estate MumbaiJul 20, 2025
The company, which was the fifth-largest listed real estate firm in terms of sales bookings in 2024-25, has a track record of delivering high-quality projects. Signature Global achieved record pre-sales of Rs 10,290 crore in the last fiscal year, solidifying its position in the market.
In an interview with PTI, Pradeep Kumar Aggarwal, Chairman of Signature Global, revealed that the company launched a housing project in Gurugram during the June quarter. This project has a total revenue potential of around Rs 3,500 crore. Aggarwal stated, 'We are planning to launch 3.5-4 million square feet in the current quarter. The total sales potential would be around Rs 6,000 crore.'
The demand for housing in Gurugram remains robust, particularly in the Rs 2-4 crore category. Aggarwal emphasized that there is no bubble in the Gurugram housing market and ruled out any price crash. Despite a 15% decline in sales bookings in the June quarter, the company remains confident in achieving its target of selling Rs 12,500 crore worth of homes this fiscal year.
During the April-June quarter, Signature Global reported a 15% decline in sales bookings to Rs 2,640 crore from Rs 3,120 crore in the previous year. The company sold 778 homes in the quarter, down from 968 units in the same period last year. In terms of volume, pre-sales dropped 20% to 16 lakh square feet.
However, the average sales realization increased to Rs 16,296 per square foot in the June quarter, up from Rs 12,457 per square foot in the last fiscal year. To expand its business and refinance debt, Signature Global is also planning to raise Rs 875 crore through the issue of non-convertible debentures.
The company posted a net profit of Rs 101.2 crore in the last fiscal year, a significant increase from Rs 16.32 crore in the preceding year. Its total income grew to Rs 2,637.99 crore in the last fiscal year from Rs 1,324.55 crore in 2023-24. Signature Global has delivered 14.6 million square feet of real estate so far, with another 10.4 million square feet currently under construction.
This ambitious launch in Gurugram underscores Signature Global's commitment to meeting the housing needs of the region and reinforcing its position as a leading real estate developer in India.
Frequently Asked Questions
What is the total value of the homes Signature Global plans to launch in Gurugram?
Signature Global plans to launch homes worth Rs 6,000 crore in Gurugram during the current quarter.
What is the target sales value for Signature Global this fiscal year?
Signature Global aims to sell Rs 12,500 crore worth of homes this fiscal year.
How much did Signature Global's pre-sales decline in the June quarter?
Signature Global's pre-sales declined by 15% in the June quarter, with sales bookings dropping to Rs 2,640 crore from Rs 3,120 crore in the previous year.
What is the average sales realization per square foot for Signature Global in the June quarter?
The average sales realization for Signature Global in the June quarter was Rs 16,296 per square foot, up from Rs 12,457 per square foot in the last fiscal year.
How much debt does Signature Global plan to refinance through the issue of non-convertible debentures?
Signature Global plans to raise Rs 875 crore through the issue of non-convertible debentures to expand its business and refinance debt.
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