Signature Global to Exceed FY25 Sales Bookings Target of Rs 10,000 Crore On Strong Demand: Chairman <meta name="twitter:card" content="summary_large_image"> <meta name="twitter:site" content="@ManashjyotiS"> <meta name="twitter:title" content="Signature Global to Exceed FY25 Sales Bookings Target of Rs 10,000 Crore On Strong Demand: Chairman"> <meta name="twitter:description" content="<p style="text-align: justify;">New Delhi: Realty firm <strong>Signature Global Ltd</strong> is likely to exceed its sales bookings target of Rs 10,000 crore on strong housing demand in Gurugram property market, its Chairman Pradeep Aggarwal said. </p> <p style="text-align: justify;">In an interview with <strong>PTI</strong>, the Chairman highlighted that the company has achieved Rs 5,900 crore worth sales bookings in the first half of this fiscal. "We had given a pre-sales (sales bookings) guidance of Rs 10,000 crore for the current fiscal. We were among few listed real estate developers to set such a big target," Pradeep Aggarwal said.</p> <p style="text-align: justify;"><strong>ALSO READ: <a class="fw-bold" href="../us-embassy-delegation-visits-kokrajhar-to-strengthen-ties-with-btr" target="_blank" rel="noopener">US Embassy Delegation Visits Kokrajhar To Strengthen Ties With BTR</a></strong></p> <p><strong><img class="img-responsive" style="display: block; margin-left: auto; margin-right: auto;" title="sig.jpeg" src="../storage/app/public/post/inner-photo/blobid1732175996425.jpg" alt="" width="469" height="352"></strong></p> <div class="flex max-w-full flex-col flex-grow"> <div class="min-h-8 text-message flex w-full flex-col items-end gap-2 whitespace-normal break-words [.text-message+&]:mt-5" dir="auto" data-message-author-role="assistant" data-message-id="5668a13d-4289-439b-89c4-1cf2f79aaf31" data-message-model-slug="gpt-4o"> <div class="flex w-full flex-col gap-1 empty:hidden first:pt-[3px]"> <div class="markdown prose w-full break-words dark:prose-invert light"> <p style="text-align: center; line-height: 1;"><span style="font-size: 8pt;"><em>Signature Global eyes surpassing ₹10,000 crore sales target, driven by strong </em><em>Gurugram demand and robust project pipeline.</em></span></p> </div> </div> </div> </div> <p style="text-align: justify;">Considering the strong performance in the first six months, he said, "We are quite hopeful of over-achieving of our annual guidance." There is a strong launch pipeline for the second half of this fiscal, he said, adding the inventories in new as well as existing projects would help in achieving the taret comfortably.</p> <p style="text-align: justify;"><a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/signature-global-to-exceed-fy25-sales-bookings-target-of-rs-10000-crore-on-strong-demand-chairman/articleshow/115513611.cms?from=mdr" target="_blank" rel="noopener"><strong>Signature Global Plans Expansion to Noida and Greater Noida</strong></a></p> <p style="text-align: justify;">Signature Global's sale bookings jumped over three-time to Rs 5,900 crore in the April-September period of 2024-25 fiscal from Rs 1,860 crore in the corresponding period of the preceding year. Signature Global, which has a significant presence in the Gurugram market, clocked sale bookings of Rs 7,270 crore in the 2023-24 fiscal. Aggarwal said the company keep evaluating proposals to buy land in Gurugram market and is also exploring to enter Noida, Greater Noida and Yamuna Expressway property markets. Earlier this month, the company reported a consolidated net profit of Rs 4.15 crore for the quarter ended September.</p> <p style="text-align: justify;"><strong>ALSO READ: <a class="fw-bold" href="../pmay-women-full-ownership-under-pm-awas-yojana" target="_blank" rel="noopener">PMAY: মোডী চৰকাৰৰ পৰা ডাঙৰ উপহাৰ, PM আৱাস যোজনাৰ অধীনত মহিলাসকলে লাভ কৰিব ঘৰৰ সম্পূৰ্ণ মালিকীস্বত্ব</a></strong></p> <p style="text-align: justify;">The company had posted a net loss of Rs 19.92 crore in the year-ago period. Total income rose to Rs 777.42 crore in the second quarter of this fiscal from Rs 121.16 crore in the corresponding period of the preceding year. Signature Global has so far delivered 11 million square feet of housing area. It has a pipeline of about 32.2 million square feet of saleable area in forthcoming projects along with 16.4 million square feet of ongoing projects. </p>"> <meta name="twitter:image" content="https://business-northeast.com/image-compress.php?imgpath=https://www.business-northeast.com/storage/app/public/post/feature-img/359821732176253.jpeg"> <meta property="og:image" content="https://business-northeast.com/image-compress.php?imgpath=https://www.business-northeast.com/storage/app/public/post/feature-img/359821732176253.jpeg">

Signature Global to Exceed FY25 Sales Bookings Target of Rs 10,000 Crore On Strong Demand: Chairman

BNE News Desk ,

November 21, 2024

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New Delhi: Realty firm Signature Global Ltd is likely to exceed its sales bookings target of Rs 10,000 crore on strong housing demand in Gurugram property market, its Chairman Pradeep Aggarwal said.

In an interview with PTI, the Chairman highlighted that the company has achieved Rs 5,900 crore worth sales bookings in the first half of this fiscal. "We had given a pre-sales (sales bookings) guidance of Rs 10,000 crore for the current fiscal. We were among few listed real estate developers to set such a big target," Pradeep Aggarwal said.

ALSO READ: US Embassy Delegation Visits Kokrajhar To Strengthen Ties With BTR

Signature Global eyes surpassing ₹10,000 crore sales target, driven by strong Gurugram demand and robust project pipeline.

Considering the strong performance in the first six months, he said, "We are quite hopeful of over-achieving of our annual guidance." There is a strong launch pipeline for the second half of this fiscal, he said, adding the inventories in new as well as existing projects would help in achieving the taret comfortably.

Signature Global Plans Expansion to Noida and Greater Noida

Signature Global's sale bookings jumped over three-time to Rs 5,900 crore in the April-September period of 2024-25 fiscal from Rs 1,860 crore in the corresponding period of the preceding year. Signature Global, which has a significant presence in the Gurugram market, clocked sale bookings of Rs 7,270 crore in the 2023-24 fiscal. Aggarwal said the company keep evaluating proposals to buy land in Gurugram market and is also exploring to enter Noida, Greater Noida and Yamuna Expressway property markets. Earlier this month, the company reported a consolidated net profit of Rs 4.15 crore for the quarter ended September.

ALSO READ: PMAY: মোডী চৰকাৰৰ পৰা ডাঙৰ উপহাৰ, PM আৱাস যোজনাৰ অধীনত মহিলাসকলে লাভ কৰিব ঘৰৰ সম্পূৰ্ণ মালিকীস্বত্ব

The company had posted a net loss of Rs 19.92 crore in the year-ago period. Total income rose to Rs 777.42 crore in the second quarter of this fiscal from Rs 121.16 crore in the corresponding period of the preceding year. Signature Global has so far delivered 11 million square feet of housing area. It has a pipeline of about 32.2 million square feet of saleable area in forthcoming projects along with 16.4 million square feet of ongoing projects.