Plans 3 launches spread across 8-10 million sq ft
New Delhi: Realty developer Sig- nature Global is expected to reach 10,000 crore pre-sale in 2024-25 as it has planned 3 launches spread across 8-10 million sq ft.
The company has already exceeded its guidance of ₹4,500 crore this financial year as it generated 73,600 crore from its latest premium housing residential development project on Dwarka Expressway:
“We had reported ₹3,124 crore pre-sale in the quarter ending December 2023. With this sale, we are confident of reaching ₹7,000 crore in FY24 and then expecting a 25- 30% jump in FY25, taking the number to 19,500-10,000 стоге,” said deep Kumar Aggarwal, chair and whole-time director of company.
The company has planned 3 million sqft in Gurugram’s Sector 71 with revenue potential of ₹5,000 sqft, another 4 million sq ft in Sohna with a revenue potential of 15,000 crore and 1 million sq ft in Sec- tor 84 targeting re- venue of 1,500 crore. “Our latest premium housing residential development project in Sector 37D, Gurugram, spread over 16.5 acres, has exceeded expectation. For 1,008 units, we received over 5,000 applications under- lying the demand for residential real estate,” Aggarwal said.
The Gurugram-focused company has also inked three joint development agreements (JDAs) with total sales potential of more than 79,000 crore, which it plans to launch in 12-18 months.
For its latest project, the entire process from recording expression of interest to allotment of units was overseen by global consulting agency Boston Consulting Group (BCG).
Signature Global has signed three separate JDAs to develop a residential project in Sector 71. Gurugram, spanning 21.38 acres with potential developable area of 3.22 million sq ft.
Source- The Economic Times
