Signature Global to invest ₹4,000 crore on two new projects in Gurgaon
Signature Global to invest ₹4,000 crore on two new projects in Gurugram
Signature Global plans to launch more than 40 lakh sq ft of area in two premium housing projects in Gurugram. It will be focusing on the ₹2-5 cr price range
New Delhi, Mar 14 (PTI) Realty firm Signature Global is planning to invest around ₹4,000 crore to develop two new housing projects in Gurugram as part of its expansion plan, its Chairman Pradeep Kumar Aggarwal said.
In an interview with PTI, he said, in the next quarter, the company plans to launch more than 40 lakh square feet of area in two premium housing projects in Gurugram.
“We will be focusing on the ₹2-5 crore price bracket, where we are seeing huge demand but limited supply,” Aggarwal said.
He noted that the demand for residential properties, especially for big reputed players, remains strong, although he acknowledged that the frenzy seen in the last few years have subsided to some extent.
Asked about the total project cost to develop the two new housing projects, he said it will be around ₹4,000 crore, including land, construction and other costs.
On the operational front, Signature Global sold properties worth ₹8,670 crore during the April-December period of this fiscal year, a sharp rise from ₹3,120 crore in the year-ago period.
Average pre-sales realisation for April-December period of 2024-25 increased to ₹12,565 per square feet, compared to ₹11,762 per square feet in the entire 2023-24.
Signature Global has set a target of achieving sales bookings of ₹10,000 crore in the current fiscal year, as against ₹7,270 crore in the preceding year.
Aggarwal expressed confidence in surpassing the sales bookings target for the current fiscal.
He also shared that the company is targeting to achieve zero net debt during the next fiscal on healthy internal cash flow.
The company has reduced its net debt in the October-December quarter to ₹740 crore, from ₹1,020 crore at the end of the second quarter of this fiscal year.
During the first nine months of this fiscal, the company has delivered 24.2 lakh square feet area, up from 20 lakh square feet in the year-ago period.
Since inception, Signature Global has so far delivered 120 lakh sq ft of housing area.
The company has a strong pipeline of 350 lakh sq ft of saleable area in its forthcoming projects, along with 158 lakh sq ft of ongoing projects.
The company has been buying land to expand its business.
Frequently Asked Questions
How do I check a builder's track record?
Look at delivered projects, delivery delays, the RERA record and buyer reviews. A builder with a clean, on-time record lowers your risk sharply.
What red flags should I watch for when buying?
Unclear title, missing approvals or RERA, pending dues, a builder with delays, and prices far below the market. If something feels rushed, slow down and verify.
What is the difference between capital appreciation and rental yield?
Appreciation is the rise in the property value over time; rental yield is the annual rent as a share of the price. Most Indian homes give modest yield and rely on appreciation.
How much should I keep as a buffer beyond the price?
Set aside for stamp duty, registration, GST where it applies, interiors, and a contingency. A buffer of a meaningful share above the base price is prudent.
Is a home loan pre-approval useful?
Yes, a pre-approved loan tells you your budget, speeds up booking and strengthens your negotiating position with sellers. Get it before you shortlist seriously.
How do I choose between two similar projects?
Compare the builder record, RERA status, carpet area, real amenities, connectivity and total cost, not just the headline price. Visit both before deciding.
What matters most when investing in property?
Location, connectivity, the builder record and clean title matter more than a flashy brochure. Buy where jobs and infrastructure are growing, and hold patiently.
How do I judge if an area will grow?
Look at planned roads, metro and airports, new job hubs and steady end-user demand. Infrastructure and employment are the strongest long-term drivers.
Is under-construction or ready better for investment?
Under-construction can cost less and appreciate more but carries delay risk; ready homes are safer with immediate rent. Match the choice to your risk appetite.
What are the risks of property investment?
Delays, illiquidity, title issues and market cycles. You reduce them by buying clean title from credible builders in well-located, well-connected areas.
How long should I hold a property?
Property rewards patience; holding beyond the long-term capital gains period also lowers your tax. A multi-year horizon usually beats quick trading.
Does infrastructure really lift property prices?
Yes, new expressways, metro lines and airports are among the strongest long-term drivers of nearby property value, which is why buyers track them closely.
What stamp duty and registration charges apply in Gurgaon?
Stamp duty and registration vary by state and are usually a few percent of the property value, with a small rebate for women buyers in many states. Confirm the current Gurgaon rate before you budget.
How much home loan can I get to buy in Gurgaon?
Most buyers get a loan for 75-90% of the value, tied to income and credit score. Our home loan by salary guide shows the ranges.
What documents do I need to buy property in Gurgaon?
Identity and address proof, PAN, income papers for a loan, and the property title chain, approvals and latest tax receipts. Keep both sides KYC ready for registration.
How do I check if a project is RERA-registered?
Search the state RERA portal by project or builder name for the registration number and approved plan. Our RERA check guide explains it.
