CMD: Signature Global to launch housing projects

16 Jul 2024 CW Team

Signature Global Chairman Pradeep Kumar Aggarwal announced that the realty firm would be launching multiple housing projects with a revenue potential of around Rs 13,000 crore by March next year. Aggarwal stated that the company had already launched one housing project valued at approximately Rs 30 billion in the first quarter of the fiscal year 2024-25, and they have a robust pipeline for launches in the remaining quarters. He mentioned plans to launch additional housing projects in Gurugram, Manesar, and the Sohna belt, foreseeing significant revenue potential from these upcoming projects. Signature Global, headquartered in Gurugram and listed on the stock exchanges since last year, is recognized as one of the leading real estate developers in the country. When asked about project execution, Aggarwal emphasized the company's focus on timely project delivery, stating that they plan to invest approximately Rs 25 billion in construction activities during the fiscal year. Regarding sales performance, Aggarwal expressed confidence in achieving the sales bookings guidance of Rs 100 billion for 2024-25, marking substantial growth from Rs 72 billion in the previous year. He noted that Signature Global had already achieved Rs 31 billion in sales bookings during the April-June quarter, marking a significant increase compared to Rs 8.2 billion in the corresponding period of the previous year.

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