Signature Global, a leading Indian real estate developer, has raised Rs 8.75 billion through a private placement of Non-Convertible Debentures (NCDs) with the International Finance Corporation (IFC), a member of the World Bank Group, the company announced in a stock exchange filing on Tuesday.

The funds will be used to develop sustainable mid-income housing projects and reduce existing debt, marking a strategic step in the company’s growth and sustainability agenda. The NCDs, rated ‘A+ Stable’ by CareEdge Ratings, are listed on the Bombay Stock Exchange (BSE) — Signature Global’s first-ever listed debt transaction, enhancing its presence in India’s capital markets.

The NCDs carry a tenure of three years, two months, and 30 days, maturing on 15 January 2029.

Focus on sustainability and green growth

Pradeep Aggarwal, Founder and Chairman of Signature Global (India), said the IFC’s trust reflects confidence in the company’s values of transparency, delivery, and sustainability. “We are grateful to IFC for their confidence in Signature Global Group. As an environmentally conscious developer, we remain committed to high-quality, sustainable mid-income housing and robust ESG standards,” Aggarwal stated.

The IFC’s Regional Division Director for South Asia, Imad N. Fakhoury, highlighted that housing is a vital component of India’s inclusive growth. “Through IFC’s investment in Signature Global’s Daxin project, we aim to provide high-quality mid-income homes, support job creation, and strengthen sustainability in India’s fast-growing cities,” he said.

Partnership for greener real estate

IFC will also provide GRIP (Greening Real Estate Investment Portfolios) advisory support to advance Signature Global’s sustainability strategy. The collaboration aims to secure EDGE (Excellence in Design for Greater Efficiencies) Advanced certification for the Daxin project, supported by the European Union’s Accelerating Climate-Smart and Inclusive Infrastructure in South Asia programme.

Signature Global already has 17 projects EDGE-certified, placing it among India’s top developers for green building commitments.

Expanding India’s housing capacity

With India’s rapid urbanisation, Signature Global expects strong housing demand, particularly in Tier 1 and Tier 2 cities, which require around 18 million new homes by 2027.

In FY 2024–25, the company ranked as the fifth-largest listed real estate developer based on sales bookings, achieving pre-sales of Rs 102.9 billion. It targets Rs 125 billion in pre-sales this financial year.

As of Q1 FY26, Signature Global has a robust project pipeline with 17.1 million sq. ft. of new launches, 9.2 million sq. ft. of ongoing developments, and 24.5 million sq. ft. of upcoming projects scheduled for completion over the next two to three years.