Signature Global expected to reach Rs 10,000 crore pre-sale in 2024-25
Signature Global is expected to reach Rs 10,000 crore pre-sale in 2024-25, as it has planned three launches spread across 8-10 million sq ft.
The company has already exceeded the guidance of Rs 4,500 crore this financial year as it generated Rs 3600 crore from its latest premium housing residential development project on Dwarka Expressway.
“We had reported Rs 3,124 crore pre-sale in the quarter ending December 2023. With this sale, we are confident of reaching Rs 7,000 crore in FY 23-24 and then expecting 25-30% jump in FY 24-25, taking the number to Rs 9500-10,000 crore,” said Pradeep Kumar Aggarwal, chairman and wholetime director of the company.
The company has planned 3 million sq ft in sector 71 with revenue potential of Rs 5,000 sq ft, another 4 million sq ft in Sohna with a revenue potential of Rs 5,000 crore and one million sq ft in sector 84 targeting revenue of Rs 1,500 crore.
“Our latest premium housing residential development project in Sector 37D, Gurugram, spread over 16.5 acre, has exceeded the expectation. For 1008 units, we received over 5,000 applications underlying the demand for residential real estate,” Aggarwal said.
The Gurugram-focused company has also inked three joint development agreements (JDAs) with total sales potential of more than Rs 9,000 crore, which it plans to launch in the next 12-18 months.
For company’s latest project, the entire process from recording expression of interest to allotment of units was overseen by global consulting agency Boston Consulting Group (BCG).
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