Signature Global, a leading real estate firm, is set to launch multiple housing projects worth around Rs 13,000 crore by March 2025. This expansion aims to meet the growing demand for housing in key areas. Chairman Pradeep Kumar Aggarwal shared that the company already launched one housing project valued at Rs 3,000 crore in the first quarter of the 2024-25 fiscal year. More projects are planned for the remaining quarters, primarily in Gurugram, Manesar, and Sohna.
Project Execution and Investment
Aggarwal emphasized the company’s commitment to the timely delivery of these projects. Signature Global plans to invest approximately Rs 2,500 crore in construction activities this fiscal year to ensure on-time project completion.
Sales Performance and Future Projections
The company is confident in achieving its sales bookings target of Rs 10,000 crore for 2024-25, a notable increase from Rs 7,270 crore in the previous year. Already, Signature Global has recorded Rs 3,120 crore in sales bookings in the April-June quarter, a significant rise from Rs 820 crore in the same period last year. Aggarwal attributes this success to the strong demand for housing, especially from well-known brands.
Revenue Collection and Utilization
Signature Global expects to collect Rs 6,000 crore from customers this fiscal year. The company plans to use this internal cash flow for construction, land acquisition, and debt reduction. Aggarwal also mentioned that the company is looking to acquire land in Noida and Delhi to develop housing projects, aiming to launch these new projects in the 2025-26 fiscal year.
Company Background and Expansion
Founded in 2014, Signature Global initially focused on affordable housing projects. Over the years, it has expanded its portfolio to include mid-income, premium, and luxury housing segments. The company has delivered 10.4 million square feet of area and has a robust pipeline of about 32.2 million square feet of saleable area in upcoming projects and 16.4 million square feet in ongoing projects.
Market Position and Future Plans
Signature Global, which got listed on the stock exchanges last year, is one of India’s prominent real estate developers. The company’s share price closed at Rs 1,513.10 apiece on BSE on July 12, with a total market capitalization of Rs 21,260.67 crore. The strong market performance and ambitious project pipeline indicate a positive outlook for the company’s future growth and expansion in the real estate sector.
Company plans to launch housing projects worth Rs 13,000 crore by March 2025 reflect its strategic focus on growth and meeting the high demand for quality housing. The company’s commitment to timely project execution, coupled with substantial investments in construction and land acquisition, positions it well for continued success in the real estate market.
