Mumbai, March 17 -- Signature Global, a prominent real estate firm, plans to invest approximately Rs 4,000 crore in two new housing projects in Gurugram. This investment is part of the company's strategic expansion. Chairman Pradeep Kumar Aggarwal confirmed that the total cost of the projects, including land, construction, and associated expenses, would be around Rs 4,000 crore.
In terms of operational performance, Signature Global reported property sales of Rs 8,670 crore during the April-December period of this fiscal year, a substantial increase from Rs 3,120 crore in the previous year. The company's average pre-sales realisation also rose to Rs 12,565 per square foot during this period, up from Rs 11,762 per square foot in the previous year.
For the current fiscal, Signature Global has set a target of Rs 10,000 crore in sales bookings, a significant increase from the previous year's Rs 7,270 crore. The company has also reduced its net debt to Rs 740 crore by the end of December 2024, down from Rs 1,020 crore in Q2 of this fiscal.
Published by HT Digital Content Services with permission from Construction World.