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Renowned real estate developer Signature Global has purchased a 14.65-acre plot of land in Gurugram’s Sector 37D on the Dwarka Expressway. The purchased site will be developed for residential use, with a total developable area of around 2.7 million square feet.
Dwarka Expressway has quickly grown to be a top choice for those looking to purchase luxury real estate. This neighbourhood has seen the entry of several luxury residential developments in recent years, and many more are anticipated soon, according to Chairman and Whole-Time Director Pradeep Kumar Aggarwal.
Aggarwal stated that we want to strengthen our current position in the luxury housing market by launching a residential project on this land in the FY25–26.
Signature Global Excellent Sales Numbers
Signatureglobal hit incredible sales benchmarks in the Financial Year 2024. They have sold more than 4,600 units with an average ticket price of Rs 16 million. Sales of Rs 72.7 billion, up 112% from Rs 34.3 billion in the Financial Year 2023, were the result of this outstanding achievement.
The strong demand for Signatureglobal’s residential projects and the company’s capacity to live up to market expectations are both highlighted by this spike in sales and property demand.
Signatureglobal has got an excellent financial expansion within a few years. So that the revenues increased by 62% from Rs 19.2 billion in FY23 to Rs 31.1 billion in FY24. This significant increase in finance is proof of the company’s effective operations and solid clientele.
Signature Global Recent Growth And Development
Signatureglobal has added over 17 million square feet in Sector 71 on the Southern Peripheral Road of their development portfolio during FY24. This growth is a part of the company’s larger plan to provide luxury housing options and strengthen its position in the key areas.
Several current projects by Signatureglobal is expected to be finished by FY26. Between FY24 and FY26, the company projects revenue generation of over Rs 120 billion. The company’s confidence in its ongoing projects and its capacity to provide clients with high-quality residential units included in this estimate.
Signatureglobal recent land acquisition of the 14.65-acre plot in Gurugram, together with its strong financial results in FY24, highlight the company’s strategic expansion goals and dedication to satisfying the region’s housing needs. The company is well-positioned for sustained growth in the upcoming years because of its clear mission and strong financial standing.
Source- ET
