Three Realty Stocks in Focus: Signature Global, Mahindra Lifespaces, and Phoenix Mills
Three real estate stocks—Signature Global Ltd., Mahindra Lifespaces Developers Ltd., and Phoenix Mills Ltd.—were trading mixed on Monday, October 13, after the companies reported significant updates over the weekend. While Signature Global and Phoenix Mills provided their business updates for the second quarter, Mahindra Lifespaces announced the acquisition of a new land parcel in Pune.
Signature Global, the real estate developer, reported a 28% decline in pre-sales for the second quarter from the previous year and a 24% decline sequentially to ₹2,010 crore. The area sold declined to 1.34 million square feet, down 44% from last year and 17% from the previous quarter. However, the company's collections increased 2% from last year and 1% sequentially to ₹940 crore. Signature Global's average sales realization in the September quarter increased to ₹15,000 per square foot, compared to ₹12,457 per square foot in the previous fiscal. Its net debt increased marginally to ₹970 crore, primarily due to the acquisition of 33.47 acres of land in Sohna, which has a development potential of 1.76 million square feet. Signature Global shares were down 1.4% at ₹1,016.2 apiece around 9:30 am.
Phoenix Mills, the Mumbai-based real estate developer, reported a 13% increase in retail consumption across all operational malls in the September quarter from the previous year and a 12% increase in the first half of the financial year 2026, despite heavy monsoons in several cities. Phoenix Palladium in Mumbai led the growth, followed by Phoenix Citadel in Indore, Palladium Ahmedabad, Phoenix Mall of the Millennium in Pune, and Phoenix Mall of Asia in Bengaluru. In the commercial offices segment, the company reported gross leasing of around 7.2 lakh square feet in the first half of FY26 across Mumbai, Pune, Bengaluru, and Chennai. In the hospitality segment, the St. Regis Mumbai reported a 2% growth in the second quarter with occupancy at 85%, an average room rate (ARR) of ₹17,711, and revenue per available room (RevPAR) increased by 7%. Meanwhile, Courtyard by Marriott, Agra, reported occupancy of 60%, an ARR of ₹4,396, and a RevPAR of ₹2,621 in the second quarter. The company's residential business witnessed gross sales of ₹139 crore in the September quarter compared to ₹27 crore in the previous year, with collections increasing to ₹115 crore from ₹60 crore. For the first half of the fiscal, gross residential sales were at ₹287 crore and collections were at ₹214 crore. Shares of Phoenix Mills were down 0.5% at ₹1,590 apiece around 9:30 am.
Mahindra Lifespaces Developers Ltd. announced the acquisition of 13.46 acres of land in Pune, with an estimated development potential of ₹3,500 crore. The land is located with quick access to the IT Hub of Hinjewadi and educational institutes such as Delhi Public School and Symbiosis Center for Management. A day prior, the company had also been selected as the preferred partner for the redevelopment of four residential societies in Malad (West) Mumbai, spanning 1.65 acres, with a development potential of around ₹800 crore. Mahindra Lifespaces shares were up 2.2% at ₹377.9 apiece around 9:30 am.
These updates highlight the dynamic nature of the real estate sector, with companies continually adapting to market conditions and strategic investments to drive growth and maintain profitability.
