Signature Global Ltd, a prominent real estate developer, is set to surpass its ambitious ₹10,000 crore sales bookings target for the current fiscal year. Fueled by robust demand in Gurugram’s housing market, the company has already recorded sales worth ₹5,900 crore in the first half of FY 2024-25, as shared by its Chairman, Pradeep Aggarwal.
Strong First-Half Performance
In an interview, Aggarwal noted that the company had set one of the highest sales targets among listed real estate firms. “We had given a pre-sales guidance of ₹10,000 crore for the current fiscal. Considering the strong performance in the first six months, we are quite hopeful of over-achieving our annual guidance,” he stated.
The firm’s sales bookings in April-September 2024-25 showed an impressive growth, tripling to ₹5,900 crore from ₹1,860 crore during the same period last year. This performance highlights the strong demand for residential properties in the Gurugram region.
Promising Pipeline for the Second Half
Signature Global is well-positioned to meet its target, thanks to a robust launch pipeline and inventory in both new and existing projects. “The inventories in new as well as ongoing projects will comfortably help us achieve our target,” Aggarwal explained.
With a significant foothold in the Gurugram market, the company reported sales bookings of ₹7,270 crore in FY 2023-24. It also has plans to expand its presence to Noida, Greater Noida, and the Yamuna Expressway regions.
Financial Turnaround
The company recently posted a consolidated net profit of ₹4.15 crore for Q2 FY 2024-25, marking a significant recovery from the ₹19.92 crore net loss reported in the same quarter last year. Total income surged to ₹777.42 crore in the second quarter, compared to ₹121.16 crore in the corresponding period of the previous fiscal year.
Expanding Footprint
Signature Global has delivered 11 million square feet of housing space to date. It currently has ongoing projects with a saleable area of 16.4 million square feet and a pipeline of 32.2 million square feet in upcoming developments.
The company is actively exploring land acquisitions in Gurugram while evaluating opportunities to expand into new markets, solidifying its position as a leader in India’s real estate sector.
