Signature Global to Launch ₹6,000 Cr Worth of Homes in Gurugram This Quarter

Realty firm Signature Global plans to launch residential projects worth ₹6,000 crore in Gurugram this quarter to meet rising demand from end-users and investors. In FY 2024-25, the company ranked as the fifth-largest listed real estate developer in terms of sales bookings, behind Godrej Properties, DLF, Lodha Group, and Prestige Estates Projects.

Signature Global recorded a pre-sales milestone of ₹10,290 crore in the last fiscal. Chairman Pradeep Kumar Aggarwal said the company launched a housing project in Gurugram during the June quarter, with a revenue potential of around ₹3,500 crore.

"We are planning to launch 3.5-4 million square feet in the current quarter. The total sales potential would be around Rs 6,000 crore," he said.

Aggarwal said the demand continues to be strong, especially for good brands. "The maximum demand is in the Rs 2-4 crore category," he observed.

Recently, on the sidelines of a real estate conference, Aggarwal asserted that there was no bubble in the Gurugram housing market and ruled out any price crash.

Aggarwal remains confident of achieving its target to sell Rs 12,500 crore worth of homes this fiscal, even as its pre-sales dipped 15 per cent in the June quarter. During the April-June quarter, the company reported a 15 per cent decline in sales bookings to Rs 2,640 crore from Rs 3,120 crore in the year-ago period.

The company sold 778 homes in April-June 2025 against 968 units a year ago. In terms of volumes, pre-sales dipped 20 per cent to 16 lakh square feet. During the June quarter, the average sales realisation stood at Rs 16,296 per sq ft compared to Rs 12,457 per sq ft in the last fiscal.

To expand business and refinance debt, Signature Global is also looking to raise Rs 875 crore through the issue of non-convertible debentures. It posted a net profit of Rs 101.2 crore in the last fiscal, a sharp jump from Rs 16.32 crore in the preceding year. Its total income grew to Rs 2,637.99 crore in the last fiscal from Rs 1,324.55 crore in 2023-24.