Real estate developer Signature Global remains optimistic about meeting its sales target of ₹12,500 crore for the current fiscal year, despite a 15% decline in bookings during the June quarter, according to a senior company executive.
In FY 2024-25, the Gurugram-based firm ranked as the fifth-largest listed real estate company in terms of sales bookings, recording an all-time high pre-sales of ₹10,290 crore.
The company has projected pre-sales or bookings worth ₹12,500 crore for the ongoing financial year.
“We are confident of achieving the target of Rs 12,500 crore sales bookings in the current fiscal,” Signature Global Chairman Pradeep Kumar Aggarwal said.
He stated that Signature Global has a robust launch pipeline planned in Gurugram for the remainder of the fiscal year.
Aggarwal emphasized that housing demand remains strong, particularly for developers with a proven track record of delivering projects on time.
In the April–June quarter, the company recorded a 15% year-on-year decline in sales bookings, dropping to ₹2,640 crore from ₹3,120 crore in the same period last year. During this quarter, Signature Global sold 778 housing units, compared to 968 units sold in the corresponding period of 2024.
In terms of volume, pre-sales fell by 20% to 16 lakh square feet. However, the company reported an increase in average sales realization, which stood at ₹16,296 per sq ft in the June quarter—significantly higher than the ₹12,457 per sq ft recorded during the entire previous fiscal.
Recently, Signature Global also announced plans to raise ₹875 crore through the issuance of non-convertible debentures (NCDs), aiming to refinance existing debt and support its business expansion initiatives.
Signature Global reported a significant increase in net profit for the last fiscal, reaching ₹101.2 crore—up sharply from ₹16.32 crore in the previous year.
The company’s total income also saw robust growth, rising to ₹2,637.99 crore in FY 2024-25, compared to ₹1,324.55 crore in FY 2023-24.
Since its inception, Signature Global has successfully delivered 13.5 million square feet of residential projects. Additionally, it boasts a strong development pipeline, with approximately 21.6 million square feet of upcoming saleable area and 46.38 million square feet of ongoing projects, which are expected to be completed over the next 2–3 years.
