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Signature Global Ltd reported a 25% year-on-year decline in sales bookings during the first quarter of FY27, with pre-sales falling to INR 1,970 crore amid lower sales volumes. The Gurugram-based developer sold 226 residential units during the quarter, compared with 778 units a year earlier, while the area sold declined to 0.72 million sq ft from 1.62 million sq ft. Despite the slowdown in volumes, the company's average sales realisation improved to INR 17,093 per sq ft. Customer collections also fell 28% to INR 670 crore during the quarter. Signature Global has maintained its FY27 pre-sales guidance of INR 10,000 crore after recording sales bookings of INR 8,250 crore in FY26, when it emerged as the fifth-largest listed real estate developer in India by pre-sales.
Signature Global Ltd reported a 25% year-on-year decline in sales bookings during the first quarter of FY27, with pre-sales falling to INR 1,970 crore as lower sales volumes weighed on the company's performance. The Gurugram-based real estate developer disclosed its operational performance for the April–June quarter in a regulatory filing on Tuesday.
The company's sales bookings declined from INR 2,640 crore recorded in the corresponding quarter of the previous financial year. The decline was accompanied by a sharp reduction in the number of units sold during the period.
Signature Global sold 226 residential units during the first quarter of FY27, compared with 778 units in the year-ago period. The total area sold also decreased to 0.72 million sq ft from 1.62 million sq ft recorded in the corresponding quarter last year.
Despite the lower sales volumes, the company reported an improvement in average sales realisation. During the April–June quarter, the average realisation increased to INR 17,093 per sq ft, compared with INR 15,250 per sq ft achieved during FY26, reflecting continued demand for higher-value residential properties within its portfolio.
Customer collections also moderated during the quarter. Signature Global collected INR 670 crore from homebuyers during the three-month period, representing a 28% decline from the corresponding quarter of the previous financial year.
The company has retained its pre-sales guidance of INR 10,000 crore for FY27, indicating confidence in achieving stronger sales during the remaining quarters of the financial year. In FY26, Signature Global recorded sales bookings of INR 8,250 crore, making it the fifth-largest listed real estate company in India in terms of annual pre-sales.
Commenting on the quarterly performance, Chairman Pradeep Kumar Aggarwal said the company continued to witness healthy customer confidence in its projects. He stated that the pre-sales performance and customer collections reflected sustained demand for the developer's residential portfolio alongside the company's execution capabilities.
Signature Global has focused primarily on the residential housing market in Gurugram and the National Capital Region, with a portfolio spanning affordable, mid-income and premium housing developments. The company has expanded its presence in recent years through launches in key micro-markets across Gurugram.
According to the company, it has delivered approximately 17.9 million sq ft of real estate to date. The developer continues to maintain an active project pipeline as it seeks to achieve its annual sales target despite a slower start to the financial year.
The first-quarter performance reflects softer transaction volumes compared with the previous year, although the increase in average realisation indicates that pricing in the company's residential projects has remained firm.
Source - PTI
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