Signature Global Expansion: New Projects in Delhi NCR
Signature Global, a prominent real estate firm based in Gurugram, is set to expand its footprint beyond its current stronghold. The company plans to launch new housing projects in Delhi, Noida, and Greater Noida, marking its entry into these key markets within the National Capital Region (NCR). This strategic move follows the company’s successful Initial Public Offering (IPO) in September last year, which raised ₹730 crore.
To date, Signature Global has completed 11 million square feet of developed area and is progressing with a substantial pipeline of 32.2 million square feet of saleable area in forthcoming projects, alongside 16.4 million square feet in ongoing developments. CEO Rajat Kathuria emphasized the company’s ambition to establish a significant market presence in these new regions, aiming for substantial market share and scale.
In Gurugram, Signature Global boasts a substantial land bank, particularly in Sector 71 on the Southern Peripheral Road, Sector 37D along the Dwarka Expressway, and the Sohna region. The company plans to continue expanding its land holdings in these areas to support future growth.
Financially, Signature Global is on a robust trajectory. The company aims to achieve sales bookings of ₹10,000 crore for the current fiscal year, building on the ₹7,270 crore achieved in 2023-24. In the first quarter of this fiscal year, sales bookings surged to ₹3,120 crore, a significant increase from ₹880 crore in the same period last year. The company’s total income for the April-June quarter of 2024-25 rose to ₹427.98 crore, up from ₹178.90 crore in the previous year, resulting in a consolidated net profit of ₹6.76 crore, turning around a net loss of ₹7.22 crore from the previous year.
Signature Global has also made strides in reducing its net debt, which decreased by 16% to ₹980 crore as of June 30, 2024, from ₹1,160 crore at the end of the last fiscal year. The company aims to maintain its net debt below 0.5 times its projected operating surplus for the ongoing financial year as part of its long-term financial discipline. Initially focused on affordable housing, Signature Global has now diversified into mid-income, premium, and luxury residential segments, broadening its market appeal and supporting the ongoing Signature Global expansion.
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