Ambitious Expansion Backed by Strong Consumer Demand

Realty major Signature Global Ltd, a prominent player in the real estate sector, has unveiled ambitious plans to launch housing projects worth Rs 50,000 crore across the Delhi-NCR region over the next three years. The move comes as the company seeks to capitalize on robust consumer demand and strengthen its market position.

Aggressive Launch Strategy

Signature Global, listed on the stock exchanges, has already acquired substantial land parcels in Gurugram and nearby areas to kickstart these projects. According to Chairman Pradeep Aggarwal, the company is eyeing aggressive growth in the residential sector, with a strong pipeline of launches planned for the coming years.

“We are targeting projects worth Rs 50,000 crore over the next three years, driven by strong housing demand,” Aggarwal told PTI.

For the current fiscal, the company had earlier set a guidance of Rs 16,000 crore for project launches. By the first half of FY24-25, Signature Global had already achieved Rs 9,000 crore in launches, with another Rs 5,000 crore completed this quarter, putting it well on track to meet its annual target.

Record-Breaking Sales Performance

Signature Global has been scaling new heights in sales bookings. The company recorded Rs 5,900 crore in pre-sales during the first six months of FY24-25, a threefold increase compared to Rs 1,860 crore in the same period last year. With its current trajectory, Aggarwal expressed optimism about exceeding the annual pre-sales target of Rs 10,000 crore.

The realty firm had achieved Rs 7,200 crore in sales during FY23-24 and is aiming for a significant jump this fiscal year, reflecting its robust growth strategy.

Strengthening Presence in NCR Markets

While Gurugram remains the company’s stronghold, Signature Global is exploring new opportunities in other key NCR markets, including Noida, Greater Noida, and the Yamuna Expressway.

The company is actively evaluating land acquisition proposals in these areas to diversify its project portfolio and tap into the growing demand for quality housing.

Improved Financials

Signature Global’s financial performance has also shown a marked improvement. The company reported a consolidated net profit of Rs 4.15 crore for the quarter ending September 2024, a turnaround from the net loss of Rs 19.92 crore recorded during the same period last year.

Total income surged to Rs 777.42 crore in Q2 FY24-25, compared to Rs 121.16 crore in the year-ago period, underscoring the company’s robust operational performance.

Massive Development Pipeline

Having already delivered 11 million square feet of housing area, Signature Global boasts an extensive development pipeline. Upcoming projects account for 32.2 million square feet of saleable area, complemented by 16.4 million square feet of ongoing developments.

Future Prospects

With its strong financial footing, proven market expertise, and a keen focus on expansion, Signature Global aims to solidify its position as a leading developer in the Delhi-NCR region. The company’s ambitious plans signal a bullish outlook for the real estate market amid a rising demand for quality housing options.