Signature Global raises Rs 8.75 billion from IFC for green housing

30 Oct 2025 CW Team

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.

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.

Infrastructure Urban

14 Nov 2025

CM Inaugurates Rs 3.7 Billion Vilholi Water Treatment Plant in Nashik

Chief Minister Devendra Fadnavis inaugurated the Nashik Municipal Corporation’s 274 MLD Vilholi Water Treatment Plant and the upgraded Mukane water supply scheme, a Rs 3.7 billion project designed to provide a reliable and sustainable water supply to more than 55 lakh residents. The system will also cater to over 1 crore visitors expected during the 2027 Simhastha Kumbh Mela.Funded partly through Rs 2 billion Green Sustainable Bonds, the project strengthens Nashik’s long-term water security, ensures year-round availability, and enhances the city’s preparedness for peak tourist inflow. It..

Infrastructure Urban

14 Nov 2025

Indian Speciality Chemical Industry Poised for Strong Global Growth

The International Center for Biosaline Agriculture (ICBA), in partnership with Al Rostamani Group, has inaugurated three major facilities at its Dubai headquarters: a Training and Knowledge Transfer Building, a Plant Tissue Culture Laboratory, and an Integrated Agri-Aquaculture System. The launch took place in the presence of H.E. Dr. Amna bint Abdullah Al Dahak, Minister of Climate Change and Environment, marking a significant step forward in strengthening the UAE’s agricultural innovation ecosystem.Fully funded by Al Rostamani Group, the new facilities reinforce ICBA’s role as a leading ..

Infrastructure Energy

14 Nov 2025

Mooreast to Explore Up to 500 MW RE Projects in Timor-Leste

Mooreast Holdings, listed on the Singapore Exchange Catalist, announced that it will begin feasibility studies this month for the development of up to 500 megawatts (MW) of large-scale renewable energy (RE) projects in Timor-Leste.The studies follow a Letter of Intent (LOI) signed between Mooreast and the Secretario de Estado de Electricidade Agua e Saneamento (SEEAS), the secretariat for Electricity, Water and Sanitation under Timor-Leste’s Ministry of Public Works. Under the LOI, Mooreast will explore the development of 300–500 MW of floating renewable energy over the next five to ten ye..