Signature Global Achieves Remarkable Sales of Over 1,000 Luxury Apartments in Gurugram

Signature Global, a prominent real estate developer listed on the stock exchange, has announced a major sales achievement with the disposal of over 1,000 luxury flats in its newest residential project 'DE LUXE-DXP', situated near the Dwarka Expressway in Gurugram, for a total exceeding Rs 3,600 crore. The project, nestled in Gurugram Sector 37D, spans 16.5 acres and introduces a new benchmark in luxury living.

Luxurious Living by Signature Global

The 'DE LUXE-DXP' project showcases a sales potential of 2.7 million square feet, offering a total of 1008 units that include options of 3BHK, 3.5BHK, 4.5BHK apartments, and penthouses. This diverse range of living spaces caters to the rising affluence and evolving lifestyle preferences of the middle class, attracting significant interest from NRI and corporate employees.

Unprecedented Demand and Future Outlook

Signature Global has witnessed an oversubscribed expression of interest, receiving 5.4 times the number of applications for the available units. This overwhelming response underscores the strong demand for premium homes in the Rs 3-4 crore price range in Gurugram—a city where most high-end projects are priced above Rs 7 crore. Pradeep Aggarwal, Chairman and Whole-Time Director of Signature Global, highlighted the growing demand in the mid-housing segment driven by consumers seeking a harmonious blend of features, amenities, and affordability.

Project Delivery and Milestones

Slated for delivery in 2028, 'DE LUXE-DXP' represents Signature Global's commitment to delivering exceptional value and quality. The company's announcement of pre-formal launch sales surpassing Rs 3,600 crore on March 3, 2024, to the stock exchanges, marks a significant milestone for this premium housing project.

Signature Global, with its strong foothold in the mid-income and affordable housing segments, has already delivered 6.7 million square feet as of December 2023. The company is actively developing an additional 16.9 million square feet and boasts a future pipeline of 28.4 million square feet of saleable area.

In a testament to its market confidence and growth potential, Signature Global successfully floated its maiden public offer in September last year, raising Rs 730 crore. The offering, which included a fresh issue of shares worth Rs 603 crore and an Offer for Sale (OFS) of Rs 127 crore, was subscribed 11.88 times, highlighting investor confidence in the firm’s vision and execution capabilities.