The Year of Prosperity: Signature Global’s Resilience in the Real Estate Sector
India’s leading real estate developer, Signature Global, started its journey barely 10 years ago, in 2014. Endeavouring to fuse global panache with a modern Indian outlook, the developer has successfully managed to elevate the landscapes of both affordable and luxury housing with their high-quality construction methods. Empowered by a team of highly qualified professionals, Signature Global endeavours to exceed the expectations of their associates, stakeholders, and most importantly, customers.
Founded by seasoned professionals with decades of experience and expertise, Realty today holds a significant 19% of Delhi NCR’s market share. As of September 2023, the realty has successfully delivered over 6 million sq. ft, with 17.21 million sq. ft of ongoing projects and 27 million sq. ft of projects in the pipeline, all within the Delhi NCR region.
Following the increased demand in the housing industry, many major realtors have been on a hunt to acquire land in sought-after cities like Gurgaon. A leader of this trend, Signature Global’s company representative announced in a recent interview with a leading daily that the developer had acquired 20 acres of land in Gurgaon to develop a residential community. The company has undertaken the project, estimated to have a revenue potential of Rs 4,500 crore, by signing a Joint Development Agreement with one of the most prominent landlords in Gurgaon, whose name has not been disclosed.
The project scheduled to launch in the next 12–24 months is projected to have a development potential of 28.4 lakh sq. ft. with a high envisaged sales closure. The realtor has also undertaken three JDAs with major landlords to develop residential communities spanning 21.38 acres with a development potential of 32 lakh sq. ft. Earlier this month, Signature Global also announced the signing of three separate JDAs with landlords to develop housing projects on a total of 21.38 acres of land.
While the company reported a net loss of Rs 44.89 crore last year, the October–December quarter has brought in Rs 2.17 crore of net profit. Similarly, the company’s total income increased from Rs 191.78 crore in the third quarter of the previous fiscal year to Rs 301.75 crore this year. Following this trend, the net loss of the company has reduced from Rs 71.36 crore to Rs 24.93 crore during the April-December period of the current financial year.
Furthermore, the company has reported a sales booking of a notable Rs 1,262.73 crore during Q3 as compared to the Rs 856.77 crore, leading to a 47% surge in annual sales. The number of units sold during the first three quarters of the current fiscal year increased to 3,135 units from 3,113 units during the same period last year.
Signature Global’s trajectory showcases resilience, innovation, and strategic vision in India’s real estate sector. With a commitment to quality and customer satisfaction, they’ve navigated challenges, emerging stronger. As they expand and launch new projects, Signature Global remains a beacon of excellence, promising a bright future for both the company and the communities they serve.
