By FY2025-26, NCR-based real-estate firm Signature Global aims to complete and deliver over 17 million sq ft of space across 28 different projects in Gurugram and Sohna with a projected revenue of Rs.110 billion. Its portfolio comprises 23 housing projects and five commercial and retail projects, with a focus on the mid-income and affordable segments. Next fiscal, the company is planning to launch projects in the premium housing segment spread across 8-10 million sq ft with a revenue potential of over Rs.120 billion. What is behind the company’s shift from affordable housing to premium projects? And will the company look at expansion in other geographies such as Mumbai? Pradeep Aggarwal, Founder & Chairman, Signature Global (India), answers these questions and more in conversation with R SRINIVASAN. Excerpts:
Your company is perhaps the biggest player in the affordable housing category. So what factors, apart from growing affluence of the middle class, better purchasing power and higher aspirations, are behind the company’s shift to premium projects?
At Signature Global, we are driven by the belief that everyone deserves to own their own home. Our company was founded with this mission in mind. To date, we have successfully launched over 30,000 housing units in the affordable segment, making us India’s largest affordable housing developer. A significant portion of these units has already been delivered, with most nearing completion...
