Signature Global Witnesses Unprecedented Growth, Reports Rs 3120 Crore Pre-Sales in Q1 FY25
Signature Global achieves record-breaking pre-sales, strengthens position in the premium housing market in Gurgaon.
Signature GlobalReal Estate DeveloperGurgaonPremium Housing MarketHousing ProjectsReal Estate NewsJul 07, 2024
In a remarkable display of growth, Signature Global has reported an impressive Rs 3120 crore pre-sales in Q1 FY25, marking a significant 255% year-on-year growth. This achievement accounts for more than 30% of the company's FY25 guidance of Rs 10,000 crore in pre-sales.
The company's foray into the premium housing market has yielded remarkable results, with the launch of two group housing projects in Gurugram in the last two quarters. These projects have received an overwhelming response from customers, underscoring the company's strategic vision and growth initiatives.
In addition to the impressive pre-sales figures, Signature Global's collections in Q1 FY25 have also seen a substantial 102% growth, reaching Rs 1,210 crore. The company's net debt has decreased by 16% to Rs 980 crore at the end of Q1 FY25, compared to Rs 1,160 crore at the end of FY24.
According to Pradeep Kumar Aggarwal, Chairman and Whole-Time Director, 'We ended the last fiscal year on an exceptional note, exceeding our guidance by a substantial margin in both pre-sales and collections. This fiscal year, we have set an ambitious target of achieving Rs 10,000 crore in pre-sales. Our performance underscores our strategic vision and the effectiveness of our growth initiatives, reinforcing our position in the industry.'
With a strong track record of delivering high-quality housing projects, Signature Global has so far delivered 10.4 million sq ft of housing area. The company boasts a robust pipeline of approximately 32.2 million sq ft of saleable area in its forthcoming projects, along with 16.4 million sq. ft. of ongoing projects, set for execution over the next 2-3 years.
Signature Global is a reputed real estate developer based in Gurgaon, dedicated to creating exceptional housing projects that redefine the industry standards.
Frequently Asked Questions
What is the pre-sales figure reported by Signature Global in Q1 FY25?
Rs 3120 crore
What is the year-on-year growth in pre-sales reported by Signature Global?
255%
What is the company's FY25 guidance for pre-sales?
Rs 10,000 crore
How many group housing projects has Signature Global launched in Gurugram in the last two quarters?
Two
What is the total saleable area in Signature Global's forthcoming projects?
Approximately 32.2 million sq ft
Related News Articles
Shaila Merchant Acquires Luxury Sea-Facing Apartment in South Mumbai for ₹20.76 Crore
Shaila Merchant, mother of Anant Ambani’s wife Radhika Merchant, has made a significant purchase in Mumbai's luxury real estate market. The sea-facing apartment in Prestige Ocean Tower, South Mumbai, spans 2,565 sq ft and comes with a 83 sq ft balcony and
Mumbai's Real Estate Market Booms with 77 New Launches at HOMETHON Property Expo 2024
The Mumbai Metropolitan Region's vibrant real estate sector saw a spectacular showcase at the HOMETHON Property Expo 2024, with over 77 new projects launched and Rs 10,000 crore worth of inventory on display.
Emerging Cities Fuel India's Real Estate Boom: Key Factors Driving Growth
The impressive property price appreciation and robust demand underscore the growing confidence in Tricity's real estate market. Explore the key reasons behind this surge.
RERA Project Registrations Drop by 21% Between 2022-2024: Insights and Implications
A recent report reveals a significant 21% decline in RERA project registrations between 2022 and 2024, raising concerns and implications for the real estate sector. The drop highlights the need for strategic adjustments and regulatory reforms.
IT Salaries Fueling Real Estate Ponzi Scheme in India: Redditor’s Insight
A recent Reddit post highlights how inflated IT salaries in India are exacerbating the real estate bubble, turning it into a 'wealth transfer machine'. The post delves into the dynamics of how the IT sector's high salaries are driving up property prices,
The Rise of Multi-Asset Investing in Real Estate and Beyond
A recent consulting paper by the Securities and Exchange Board of India (SEBI) proposes allowing mutual funds to increase their holdings in real estate and other multi-asset classes. This move could revolutionize the investment landscape, offering investors more diversified and potentially lucrative opportunities.