Signature Global to launch projects worth Rs 16,000 crore in FY25: Chairman Pradeep Kumar Aggarwal
New Delhi: Realty developer Signature Global is targeting Rs 10,000 crore pre-sales in FY25, and be debt free by 2026, riding on the favourable condition for residential real estate, Pradeep Kumar Aggarwal, Chairman and Whole-Time Director of the company said.
The company reported growth of 112% in pre-sales to Rs 7,720 crore for FY24 and has exceeded the guidance.
“We have launches worth Rs 16,000 crore planned for this fiscal and this will help us in achieving the guidance of Rs 10,000 crore. In addition, we are actively looking for acquisition and will continue to add more assets in the portfolio,” said Aggarwal.
According to ICICI Securities, as of the company has a strong portfolio of 48.6msf of saleable area across ongoing and forthcoming projects.
All its upcoming projects, with an estimated cumulative GDV of over Rs 400 billion, are likely to be launched between FY24-27.
The share of mid-income housing projects is expected to range between 65-70% over this time period at realisation in excess of Rs 10,000 per sq ft.
“Our next launch would be in sector 71 Gurgaon which will be done in two phases. This will have a total sales potential of Rs 6,000 crore and will be followed with a launch in Sector 37D, 84 and Sohna. We have another land parcel of about 130-acre which will be monetised this fiscal only,” Aggarwal said.
Signature Global delivered 63% sales booking CAGR over FY21-24, largely through affordable/ mid-income housing projects. It has now forayed into premium group housing projects in prime
