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Signature Global reported a sharp year-on-year decline in sales bookings during the October-December quarter, even as the period typically benefits from strong festive housing demand. The Gurugram-based developer recorded sales of INR 2,020 crore in the third quarter of FY26, down 27% from the corresponding period last year. The drop was accompanied by a significant fall in both unit volumes and area sold, reflecting a slowdown in buyer traction across its core markets. While the company did not formally attribute the decline to specific factors, delayed project launches and rising residential prices in Gurugram appear to have weighed on performance. Despite the softer quarter, the developer remains confident about achieving its full-year guidance, supported by new launches, improving realisations and sustained long-term demand across select micro-markets.
Signature Global has reported a 27% decline in sales bookings to INR 2,020 crore for the quarter ended December 2025, compared to INR 2,770 crore in the same period last year. The slowdown came during the traditionally strong festive quarter, when residential developers typically record higher sales momentum. Advertisement
During the October-December quarter, the company sold 408 housing units, a steep drop from 1,518 units sold a year earlier. In terms of area, sales bookings declined to 1.44 million sq ft from 2.49 million sq ft in the corresponding quarter of the previous fiscal, highlighting a broad-based moderation in transaction volumes.
The company did not specify detailed reasons for the quarterly decline, though the timing of new project launches may have played a role. A major housing project on the Dwarka Expressway was launched only towards the end of December, limiting its contribution to third-quarter sales. Additionally, Gurugram's residential market has seen some cooling in demand following sharp post-pandemic price increases, which may have impacted buyer sentiment.
For the first nine months of FY26, Signature Global's sales bookings stood at INR 6,680 crore, down 23% from INR 8,670 crore recorded in the same period last year. Unit sales during this period also declined significantly, reflecting a more cautious market environment.
Despite the short-term dip, the company's leadership remains optimistic. Chairman Pradeep Kumar Aggarwal stated that Signature Global delivered a healthy performance during the first nine months of the fiscal, supported by sustained demand across its focused micro-markets. He noted that the recently launched wellness-centric premium project, Sarvam at DXP Estate on Dwarka Expressway, received encouraging customer response, indicating evolving buyer preferences.
Aggarwal added that strong collections, improving realisations and disciplined balance sheet management continue to underline the company's execution strength. Signature Global achieved sales bookings of INR 10,290 crore in the previous fiscal and has guided for INR 12,500 crore in FY26. To meet this target, the company will need to generate nearly Rs 6,000 crore in sales in the final quarter, supported by planned launches and improving market conditions.
Source - PTI
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