Signature Global to Introduce Projects Worth INR 8,500 crore in FY23-24 in Gurgaon at Dwarka Expressway and Southern Peripheral Road

Signature Global has positioned itself for rapid expansion by launching a number of new group housing projects in Gurugram's most desirable areas, including on the Dwarka Motorway and the Southern Peripheral road, which are expected to generate over Rs 8,500 crore in sales in FY 23-24.

Here are a few major points in its latest business move:

Signature Global announces a series of new group housing projects.

Locations: Dwarka Expressway and Southern Peripheral Road, Gurugram.

Sales Forecast: Exceeding Rs 8,500 crore for the current fiscal year.

Land Acquisition and Development Plans:

Acquisition: 25.14 acres in Sector 71, Gurugram (Southern Peripheral Road).

Development Focus: Mixed-use project with housing and commercial spaces.

Investment: Approximate capital expenditure of Rs 750 crore earmarked for land and approvals.

Chairman and full-time director Pradeep Kumar Aggarwal stated that in the future years, the National Capital Region's real estate market, and Gurugram in particular, will lead the way due to its robust development. He adde that this progress was being propelled by initiatives aimed at revitalising SPR and the advancements occurring along the Dwarka Motorway. As per him, Gurugram is currently undergoing the culmination of a multitude of significant public infrastructure initiatives, the outcomes of which would considerably enhance the local real estate industry.

Company's Financial Performance:

Record Pre-sales: Rs 18,614 million in the first half ending September 30, 2023.Year-on-Year Growth: 37.6% increase in pre-sales.Quarterly Growth: 4.2% rise in pre-sales for the second quarter, amounting to Rs 9,816 million.