Signature Global to Invest Rs 40 Bn in Two New Projects in Gurugram
ECONOMY & POLICY

Signature Global to Invest Rs 40 Bn in Two New Projects in Gurugram

Signature Global, a prominent real estate firm, plans to invest approximately Rs 4,000 crore in two new housing projects in Gurugram. This investment is part of the company’s strategic expansion. Chairman Pradeep Kumar Aggarwal confirmed that the total cost of the projects, including land, construction, and associated expenses, would be around Rs 4,000 crore.

In terms of operational performance, Signature Global reported property sales of Rs 8,670 crore during the April-December period of this fiscal year, a substantial increase from Rs 3,120 crore in the previous year. The company’s average pre-sales realisation also rose to Rs 12,565 per square foot during this period, up from Rs 11,762 per square foot in the previous year.

For the current fiscal, Signature Global has set a target of Rs 10,000 crore in sales bookings, a significant increase from the previous year’s Rs 7,270 crore. The company has also reduced its net debt to Rs 740 crore by the end of December 2024, down from Rs 1,020 crore in Q2 of this fiscal.

Signature Global, a prominent real estate firm, plans to invest approximately Rs 4,000 crore in two new housing projects in Gurugram. This investment is part of the company’s strategic expansion. Chairman Pradeep Kumar Aggarwal confirmed that the total cost of the projects, including land, construction, and associated expenses, would be around Rs 4,000 crore. In terms of operational performance, Signature Global reported property sales of Rs 8,670 crore during the April-December period of this fiscal year, a substantial increase from Rs 3,120 crore in the previous year. The company’s average pre-sales realisation also rose to Rs 12,565 per square foot during this period, up from Rs 11,762 per square foot in the previous year. For the current fiscal, Signature Global has set a target of Rs 10,000 crore in sales bookings, a significant increase from the previous year’s Rs 7,270 crore. The company has also reduced its net debt to Rs 740 crore by the end of December 2024, down from Rs 1,020 crore in Q2 of this fiscal.

Next Story
Infrastructure Urban

Welspun Enterprises Wins 910 MLD Panjrapur WTP Contract

Welspun Enterprises (WEL), the infrastructure and energy arm of Welspun World, has secured a major contract from the Brihanmumbai Municipal Corporation (BMC) to design, build and operate a 910 million litres per day (MLD) Water Treatment Plant (WTP) at Panjrapur, Maharashtra.Valued at approximately Rs 31.45 billion, the project encompasses end-to-end civil, mechanical, electrical and instrumentation works, including the construction of a treated water sump and pumping station. Of the total value, nearly Rs 11.56 billion is allocated to Operations & Maintenance (O&M), with an additional..

Next Story
Infrastructure Energy

Mitsubishi Power Wins Boiler Upgrade Contract for O Mon 1 Plant

Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, (MHI), has been awarded a contract to support the oil-to-natural-gas fuel conversion at the O Mon 1 Thermal Power Plant in Can Tho, southern Vietnam. As the OEM of the plant’s existing boiler, Mitsubishi Power will supply key equipment—including new gas burners—and implement a selective catalytic reduction (SCR) system to reduce NOx emissions and help the plant meet stricter environmental standards.The O Mon 1 facility includes two 330 MW units that commenced operations in 2009 and 2015, with all major equipment or..

Next Story
Equipment

Liebherr’s 10,000th XPower Wheel Loader Joins BERGER’s Fleet

BERGER Rohstoffe GmbH has welcomed the 10,000th Liebherr XPower wheel loader to its operations at the Schlag granite quarry in Passau. The milestone machine, officially handed over at Liebherr’s Bischofshofen plant in May 2025, underscores the long-standing partnership between BERGER, Liebherr, and the Beutlhauser Group. Equipped with Liebherr’s signature power-split travel drive, the new L 580 XPower is already delivering strong results under demanding quarry conditions.At the Schlag quarry, BERGER Rohstoffe processes approximately 200,000 tonnes of Bayerwald granite annually into high-qu..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement