Signature Global
In a strategic move to capitalize on the growing demand for mid-income and premium residential properties, real estate developer Signature Global has acquired a prime 16.12-acre land parcel in Gurugram, Haryana, for approximately ₹300 crore. The land is located in Sector 71, along the Southern Peripheral Road (SPR), a rapidly developing region in Gurugram known for its connectivity and infrastructural growth.
Pradeep Kumar Aggarwal, Chairman of Signature Global, confirmed the purchase, stating, “We have acquired this 16-acre land in Gurugram to develop a premium residential project. The total development potential of this project is estimated to be around 27–28 lakh square feet.”
The company had previously entered into a joint development agreement with the landowner for this property. However, Signature Global decided to cancel the agreement and purchase the land outright. According to Aggarwal, the acquisition was financed through internal accruals, underscoring the company’s robust financial health and its ability to generate significant operating surpluses.
Investment and Growth Plans
The acquisition aligns with Signature Global’s broader strategy of expanding its footprint in the Delhi-NCR region. The company, already a dominant player in Gurugram’s real estate market, is actively exploring opportunities in Noida and Greater Noida to tap into these burgeoning housing markets.
Aggarwal highlighted the strong and consistent demand for mid-income and premium housing, which has been a key driver of the company’s performance. Earlier this month, Signature Global reported a remarkable surge in sales bookings, which more than doubled to ₹2,770 crore compared to ₹1,260 crore in the corresponding period last year.
This significant growth is attributed to the company’s reputation for delivering quality projects on time and maintaining high levels of customer trust. In the fiscal year 2023-24, Signature Global achieved total sales bookings of ₹7,270 crore and has set an ambitious target of ₹10,000 crore for the current financial year. Aggarwal expressed confidence in achieving this target comfortably, citing strong market demand and the company’s expanding portfolio.
Delivery and Upcoming Projects
To date, Signature Global has delivered approximately 120 lakh square feet of residential area. It has a robust pipeline of projects, with around 350 lakh square feet of saleable area planned for future development. Additionally, 158 lakh square feet of ongoing projects are under various stages of execution, expected to be completed within the next 2–3 years.
The new project in Sector 71, Gurugram, is expected to strengthen the company’s presence in the premium housing segment while catering to the rising aspirations of homebuyers seeking modern amenities and strategic locations. The Southern Peripheral Road’s connectivity to major hubs and infrastructural development makes it an ideal location for residential projects.
Outlook for the Delhi-NCR Market
Signature Global’s strategic focus on acquiring prime land parcels and delivering high-quality projects aligns with its vision of becoming a market leader in the Delhi-NCR region. The company’s expansion into Noida and Greater Noida is a testament to its growth-oriented approach and ability to adapt to evolving market dynamics.
By leveraging its operational expertise, strong financial foundation, and commitment to customer satisfaction, Signature Global is well-positioned to capitalize on the sustained demand for residential properties, further solidifying its position as a trusted name in the real estate sector.