Signature Global Targets Steady Demand in Gurugram’s Mid-Income Housing Market
Signature Global, a leading real estate firm, plans to focus on mid-income housing in Gurugram and the National Capital Region (NCR). The company's strategic shift to this segment is expected to capitalize on the steady demand and robust project pipeline.
Midincome HousingGurugramReal EstateSignature GlobalMarket CapitalisationReal Estate NewsJan 09, 2025
The company’s average ticket size for these projects ranges from ₹2 to ₹3 crore, a segment where demand is projected to remain stable and steady.
Over the past nine months, Signature Global has achieved impressive quarterly sales ranging between ₹2,500 to ₹3,000 crore, driven by consistent supply through new launches.
The company’s CEO, Rajat Kathuria, emphasizes that while the mid-income housing segment remains the primary focus, Signature Global is also exploring opportunities in other segments to diversify its portfolio.
The company’s average realisation over the past nine months has been ₹12,500 per square foot, and it anticipates only inflation-linked price increases in the near future.
Despite this, Signature Global remains optimistic about its financial outlook, maintaining pre-sales guidance of ₹10,000 crore and ₹6,000 crore collections for the current financial year (2024-25).
Motilal Oswal Financial Services (MOFSL) has recently maintained a buy rating on Signature Global, with a target price of ₹2,000 per share.
This suggests a potential upside of 50%, underscoring the firm's confidence in the company’s growth trajectory.
In their report, MOFSL highlighted that Signature Global is well-positioned to capitalize on the ongoing demand in the real estate sector, driven by a robust project pipeline of 24.3 million square feet.
The strategic shift from affordable housing to the mid and mid-premium segments is expected to help the company’s balance sheet turn cash-positive by the end of 2024-25 (FY25).
The current market capitalisation of Signature Global stands at ₹18,971.75 crore, reflecting the market’s positive sentiment towards the company’s strategic initiatives.
MOFSL forecasts that Signature Global will achieve a 35% compound annual growth rate (CAGR) in bookings over the period from 2023-24 (FY24) to 2026-27 (FY27).
Signature Global's continued focus on mid-income housing in Gurugram and the NCR is a strategic move that aligns with the region’s growing demand for quality, affordable homes.
The company’s consistent performance and robust project pipeline make it a strong player in the ever-evolving real estate market.
Frequently Asked Questions
What is Signature Global's primary focus in the real estate market?
Signature Global's primary focus is on mid-income housing in Gurugram and the National Capital Region (NCR), with an average ticket size of ₹2-3 crore.
What has been Signature Global's performance in the past nine months?
Over the past nine months, Signature Global has achieved quarterly sales ranging from ₹2,500 to ₹3,000 crore through consistent new launches.
What is Signature Global's average realisation per square foot?
The company’s average realisation over the past nine months has been ₹12,500 per square foot.
What is the current market capitalisation of Signature Global?
The current market capitalisation of Signature Global is ₹18,971.75 crore.
What is the forecasted compound annual growth rate (CAGR) for Signature Global's bookings?
MOFSL forecasts that Signature Global will achieve a 35% compound annual growth rate (CAGR) in bookings from 2023-24 (FY24) to 2026-27 (FY27).
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