To grow its business and meet the high demand, listed real estate company Signature Global plans to introduce many housing projects by March 2025, with a combined income potential of almost Rs 13,000 crore.
“We have launched one housing project worth around Rs 3,000 crore in the first quarter of 2024-25,” stated Signature Global Chairman Pradeep Kumar Aggarwal. Our project launch pipeline is robust for the next three quarters.
We intend to start more home developments in the Sohna belt, Manesar, and Gurugram. The potential income from these planned projects is estimated to be over Rs 13,000 crore,” he continued.
Signature Global Is A Listed Real Estate Player In Gurugram
Signature Global is a Gurugram-based real estate company listed on public markets last year, one of the nation’s top real estate developers. When asked about how projects are being carried out, Aggarwal responded that the organization places a high priority on project completion on schedule.
“We plan to allot around Rs 2,500 crore towards construction works this fiscal year,” he declared. Regarding sales performance, Aggarwal conveyed his confidence that the business will reach the target of sales bookings of Rs 10,000 crore for 2024–25, which represents a substantial increase from Rs 7,270 crore in the year prior.
In the April–June quarter, Signature Global generated sales bookings of Rs 3,120 crore, a 3.5-fold increase from Rs 820 crore during the same period last year. “There is still a strong demand for housing, particularly from well-known brands,” he stated.
Signature Global Is Looking For Land In The Noida And Delhi Markets
According to Aggarwal, the business anticipates earning Rs 6,000 crore from clients this fiscal year. The chairman stated that the company will use its own cash flow for debt reduction, land purchase, and building.
In order to create housing developments, he stated, “We are looking for land in the Noida and Delhi markets.” The business plans to start projects in these two new cities in 2025–2026.
When it was first founded in 2014, Signature Global concentrated solely on initiatives involving affordable housing.
Signature Global Has 32.2 Million Square Feet Of Upcoming Projects
Subsequently, the business entered the premium, luxury, and mid-income home markets. Signature Global has delivered 10.4 million square feet thus far.
With 16.4 million square feet of existing projects and about 32.2 million square feet of upcoming projects, it has a sizable pipeline.
The share price of Signature Global ended at Rs 1,513.10 per share on the BSE, resulting in a total market capitalization of Rs 21,260.67 crore on July 12.
Source-ET
