Signature Global Announces ₹4,000 Crore Investment for Two New Projects in Gurugram

Gurugram is emerging as a hotspot for premium residential developments in the Delhi-NCR region. In a bold move to capture this growing demand, Signature Global is set to invest around ₹4,000 crore to launch two new housing projects in Gurugram. This strategic investment targets the high-demand price bracket of ₹2-5 crore, aiming to deliver more than 40 lakh square feet of premium residential space.

Signature Global plans to roll out its two upcoming projects in the next quarter. The new developments will offer spacious, luxurious living spaces designed to meet the expectations of modern homebuyers. With a focus on quality and sustainability, these projects will cater to a segment where supply is limited, yet demand remains strong. The projects are expected to blend innovative design with world-class amenities, providing residents with a comfortable and contemporary lifestyle.

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According to Chairman Pradeep Kumar Aggarwal, Signature Global's investment of ₹4,000 crore encompasses all costs related to land acquisition, construction, and other associated expenditures. This substantial investment underscores the company's commitment to expanding its footprint in the competitive Gurugram market. Aggarwal also noted that the company achieved a remarkable sales performance during the April-December period of the current fiscal, with property sales rising sharply from ₹3,120 crore in the previous year to ₹8,670 crore. Moreover, the average pre-sales realisation increased to ₹12,565 per square foot, compared to ₹11,762 per square foot in the prior fiscal year.

The company's robust operational performance is further highlighted by its ambitious sales bookings target of ₹10,000 crore for the current fiscal, up from ₹7,270 crore in the previous year. Signature Global also focuses on achieving zero net debt in the coming fiscal year, leveraging healthy internal cash flows to reduce financial liabilities. Notably, the company's net debt decreased from ₹1,020 crore at the end of the second quarter to ₹740 crore in the October-December quarter.

Gurugram remains a key destination for premium residential investments, driven by its strategic location, robust infrastructure, and growing corporate presence. Signature Global's decision to invest in this market is backed by the strong demand for high-quality housing, especially in the ₹2-5 crore segment where large, reputed developers are witnessing limited supply. With a proven track record in delivering quality projects, Signature Global aims to tap into the rising trend of upscale residential development in Gurugram.

Since its inception, Signature Global has delivered 120 lakh square feet of housing area and currently holds a robust pipeline of 350 lakh square feet of saleable area in upcoming projects, along with 158 lakh square feet of ongoing projects. This extensive portfolio underscores the company’s commitment to continuous growth and innovation in the residential real estate sector.

The new investment by Signature Global is set to redefine premium living in Gurugram. With an ambitious ₹4,000 crore investment and a focus on the high-demand price segment, these two projects are poised to add significant value to the region's real estate market. As Gurugram evolves into a leading hub for luxury residential developments, the strategic move by Signature Global not only strengthens its position in the market but also promises robust returns for investors and homebuyers alike. Stay tuned for further updates as these projects progress and transform the urban landscape of Gurugram.

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