Leading real estate developer Signature Global is set to invest approximately ₹4,000 crore to develop two premium housing projects in Gurugram as part of its aggressive expansion strategy. The company’s Chairman, Pradeep Kumar Aggarwal, shared this major development in an interview, highlighting the company’s focus on meeting the rising demand for luxury housing in the region.

Massive Expansion with Over 40 Lakh Sq Ft of Premium Housing

Signature Global is preparing to launch more than 40 lakh square feet of residential area in Gurugram within the next quarter. The focus will be on premium housing units priced between ₹2 crore to ₹5 crore, a segment witnessing strong demand but limited supply.

Aggarwal emphasized that while the overall housing demand remains robust, the frenzied buying activity observed in previous years has somewhat stabilized. However, the demand for reputed developers’ projects continues to outpace supply, particularly in the premium housing segment.

₹4,000 Crore Investment to Cover Land, Construction, and Other Costs

The total estimated cost for developing these two housing projects stands at approximately ₹4,000 crore. This includes expenses related to land acquisition, construction, and associated operational costs. The investment underscores Signature Global’s strategic focus on strengthening its foothold in Gurugram’s high-demand real estate market.

Strong Sales Performance Reflects Growing Market Confidence

Signature Global has demonstrated impressive growth in sales performance. During the April-December period of this fiscal year, the company achieved property sales worth ₹8,670 crore, marking a significant jump from ₹3,120 crore in the same period last year.

The company’s average pre-sales realization for the April-December period of 2024-25 increased to ₹12,565 per square foot, up from ₹11,762 per square foot recorded in the entire 2023-24 fiscal year.

Signature Global has set an ambitious target of achieving ₹10,000 crore in sales bookings for the current fiscal year, up from ₹7,270 crore in the previous year. Aggarwal expressed confidence in surpassing this target, citing the strong market response and steady demand for high-quality residential projects.

Aggressive Debt Reduction and Healthy Financial Position

On the financial front, Signature Global has been focused on strengthening its balance sheet. The company successfully reduced its net debt to ₹740 crore at the end of the October-December quarter, down from ₹1,020 crore at the end of the second quarter of the current fiscal year.

Aggarwal also revealed the company’s plan to achieve zero net debt in the next fiscal year, driven by strong internal cash flow and strategic financial management.

Consistent Project Deliveries and Expanding Portfolio

Signature Global has maintained a strong delivery record. In the first nine months of this fiscal year, the company delivered 24.2 lakh square feet of housing area, up from 20 lakh square feet during the same period last year.

Since its inception, Signature Global has delivered a total of 120 lakh square feet of residential area. The company currently has a robust pipeline of 350 lakh square feet of saleable area in upcoming projects, along with 158 lakh square feet of ongoing projects.

Strategic Land Acquisition to Fuel Future Growth

To support its expansion plans, Signature Global has been actively acquiring land in key locations. This strategic land bank will enable the company to capitalize on future growth opportunities and meet the increasing demand for premium residential properties.

Conclusion

Signature Global’s planned investment of ₹4,000 crore in two premium housing projects reflects its strong market position and strategic vision for Gurugram’s real estate sector. With record sales performance, a growing project pipeline, and a clear focus on financial strength, Signature Global is well-positioned to drive significant growth in the coming years.