SignatureGlobal India reports pre-sales of Rs 31.2 billion in Q1 FY25

08 Jul 2024 CW Team

SignatureGlobal (India) has reported pre-sales of Rs 31.2 billion in Q1 FY25, reflecting a year-on-year growth of 255%. This achievement represents more than 30% of the FY25 pre-sales target of Rs 100 billion.

In Q1 FY25, the company?s collections grew by 102% to Rs 12.1 billion. Additionally, net debt decreased by 16%, dropping to Rs 9.8 billion at the end of Q1 FY25 from Rs 11.6 billion at the end of FY24.

Pradeep Kumar Aggarwal, Chairman and Wholetime Director commented, "This fiscal year, we have set an ambitious target of achieving Rs 100 billion in pre-sales. In the first quarter alone, we have already surpassed 30% of this target."

The average sales realisation increased to Rs 15,369 per square foot in Q1 FY25 compared to Rs 11,762 per square foot in FY24. However, this figure is expected to normalise to a lower level with the planned launches in the mid-income housing segment during the year.

(Source: ETRealty)

Real Estate

08 Oct 2025

Bombay HC Questions Cuffe Parade Redevelopment On Prime Govt Land

The Bombay High Court (HC) has raised serious concerns over the redevelopment of 33 acres of prime government land in Cuffe Parade, South Mumbai, under the Slum Rehabilitation Authority (SRA) scheme, calling it a potential misuse of public property under the guise of slum rehabilitation.In a strongly worded order issued on 1 October 2025, a division bench of Justices G.S. Kulkarni and Aarti Sathe observed that transferring such valuable land for private development amounted to “removing it from the public pool” and “throwing it open for commercial exploitation” in a city already depriv..

Delhi Plans Rs 20 Billion Twin-Tower Secretariat At ITO

The Public Works Department (PWD) has proposed an ambitious plan to construct a twin-tower secretariat complex at ITO in central Delhi, bringing together all scattered government offices under a single roof. The project, estimated to cost over Rs 20 billion, aims to create a modern governance hub that will reshape the city’s skyline.According to officials familiar with the plan, the proposal is awaiting approval from the PWD minister before being presented to the Delhi cabinet. If sanctioned, the new complex will replace Vikas Minar and an adjoining office block that currently houses the Del..

UP E-Auction Raises Rs 11.68 Billion, Sets Real Estate Record

The Uttar Pradesh Housing and Development Board (UPHDB) has achieved a landmark milestone by raising Rs 11.68 billion through the sale of 992 properties in a mega e-auction held on Vijayadashami. Conducted under the leadership of Chief Minister Yogi Adityanath, the fully digital auction marked one of the largest real estate events in the state’s history, reinforcing investor confidence and transparency in governance.Held on 30 September 2025, the e-auction covered seven districts — including Lucknow, Kanpur, Agra, Aligarh, Moradabad, Ghaziabad, and Kasganj. The properties included 391 resi..