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Signature Global Ltd has acquired 33.47 acres of land in Sohna, Gurugram, for about INR 450 crore to develop nearly 1.8 million sq ft of housing. The land was purchased through three separate sale deeds and adds to the company's steady pipeline of projects. Signature Global, which ranked fifth nationwide in pre-sales last fiscal, continues to focus on expanding in the Delhi-NCR region. Despite a dip in first-quarter sales bookings, the company reported stronger profit growth and remains confident of meeting its guidance for this year.
Signature Global Ltd has expanded its presence in Gurugram by purchasing 33.47 acres of land in Sohna for approximately INR 450 crore. The acquisition, completed through three separate sale deeds, offers a development potential of around 1.8 million sq ft. The company plans to use the site for new housing projects. Advertisement
The developer, headquartered in Gurugram, is among the leading players in India's real estate market. It became the country's fifth-largest developer last fiscal in terms of pre-sales, recording property sales worth INR 10,290 crore. The company has been increasing its land holdings in recent years, having invested INR 1,070 crore in acquiring 48 acres in Gurugram during the previous financial year.
For the ongoing year, Signature Global has set aside an investment of INR 1,200-1,500 crore to acquire land parcels. Its strategy, as explained by the management, is to ensure that land purchases in any given year match the volume of project launches planned for the same period.
On the project side, the company launched developments worth INR 4,000 crore in the first quarter of FY 26 and expects to bring another INR 13,000 crore worth of projects to the market by the end of March. While no new launches have been made in the current quarter yet, inventories from earlier projects remain available for sale.
Signature Global has set a sales bookings guidance of INR 12,500 crore for the current fiscal year. Despite reporting a 15 percent decline in sales bookings to INR 2,640 crore in the first quarter compared to INR 3,120 crore a year ago, the company remains confident about achieving this target.
Financially, the firm posted a strong performance in the April-June quarter of FY 26, with consolidated net profit rising five times to INR 34.43 crore from INR 6.79 crore in the same period last year. Total income nearly doubled to INR 898.35 crore from INR 427.98 crore.
On the market outlook for Gurugram, Signature Global noted that demand for luxury homes priced above INR 5 crore per unit continues at a steady pace, though supply in the INR 2-5 crore segment remains low. Prices have not corrected, but the rate of increase is expected to be more moderate in the near future. The sharp sell-outs seen in past years, where projects were sold within hours or days, are less common now, reflecting a more balanced demand environment.
Since inception, Signature Global has delivered close to 15 million sq ft of completed real estate projects. Its ongoing acquisitions and launches indicate that the company is working to maintain a strong position in Delhi-NCR, even as the market shows signs of slower but stable growth.
Source PTI
5th Jun, 2025
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