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• Signature Global plans to invest around INR 3,500 crore during FY27 towards land acquisition and construction activities, primarily in the Gurugram region.
• The company has earmarked nearly INR 2,000 crore for construction and INR 1,000-1,500 crore for land purchases as it expands its residential and commercial portfolio.
• Chairman Pradeep Aggarwal said the Gurugram housing market witnessed some softness during the second half of FY26 but expressed confidence about demand recovery this fiscal year.
• Signature Global has set a sales bookings target of INR 10,000 crore for FY27, reflecting an expected 21% annual growth supported by new project launches and existing inventory sales.
• The company recently partnered with Italian lifestyle brand Tonino Lamborghini for a luxury housing project in Gurugram with an estimated investment of nearly INR 2,900 crore.
Signature Global plans to invest around INR 3,500 crore during the current financial year towards land acquisition and construction activities in the Gurugram market, as the company looks to expand its residential portfolio despite moderation in housing demand witnessed during the previous fiscal year. Advertisement
In an interview with PTI, company chairman Pradeep Aggarwal said the Gurugram housing market experienced some softness in demand during the second half of FY26 following a strong rally in housing sales and prices between 2022 and 2024. He, however, expressed confidence that the market would stabilise and return to normal growth levels during the ongoing financial year.
The developer has set a target to achieve sales bookings of INR 10,000 crore during FY27, representing an expected annual growth of 21%, supported by a strong launch pipeline and sales from under-construction residential projects.
Aggarwal stated that the company plans to invest around INR 2,000 crore in construction activities during the current fiscal year to accelerate project execution and delivery timelines.
On land acquisition plans, he said the company had invested around INR 700 crore during the previous financial year for acquiring land parcels. For FY27, Signature Global has allocated between INR 1,000 crore and INR 1,500 crore for new land purchases, primarily in Gurugram and surrounding areas.
He added that the company was evaluating multiple land parcels across Gurugram district and adjoining micro-markets and expected to conclude a few transactions in the near term as part of its expansion strategy.
Aggarwal also highlighted the company’s recent entry into the commercial real estate segment through a partnership with Bengaluru-based RMZ Corp, stating that the move formed part of a broader diversification strategy beyond residential housing.
During FY26, Signature Global reported a 20% decline in sales bookings to INR 8,250 crore compared with a record INR 10,290 crore in the previous year. The company sold 2,114 homes during the fiscal year, down from 4,130 units sold in FY25.
The company attributed the decline in bookings to a softer market environment in Gurugram. However, average sales realisation increased to INR 15,250 per sq ft from INR 12,457 per sq ft in the preceding year, supported by higher contribution from premium housing projects and price appreciation across key locations.
Earlier this year, Signature Global entered into a partnership with Tonino Lamborghini to develop a luxury residential project in Gurugram with an estimated investment of nearly INR 2,900 crore.
The company also reported a multi-fold rise in consolidated net profit to INR 1,094.64 crore during FY26 from INR 101.2 crore in the previous year, while total income increased to INR 2,778.85 crore from INR 2,637.99 crore. Since inception, Signature Global has delivered 17.9 million sq ft of real estate development projects.
Source - PTI
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