PTI : Realty agency Signature World plans to launch properties value Rs 6,000 crore on the market in Gurugram within the present quarter to cater to the demand from end-users and buyers.
Signature World was the fifth-largest listed actual property agency in 2024-25, when it comes to gross sales bookings, falling behind Godrej Properties, DLF, Lodha Group and Status Estates Tasks Ltd.
The corporate had clocked report pre-sales of Rs 10,290 crore final fiscal. Signature World Chairman Pradeep Kumar Aggarwal stated the corporate launched one housing mission in Gurugram in the course of the June quarter with a complete income potential of round Rs 3,500 crore.
“We’re planning to launch 3.5-4 million sq. ft within the present quarter. The full gross sales potential can be round Rs 6,000 crore,” he stated.
Aggarwal stated the demand continues to be robust, particularly for good manufacturers. “The utmost demand is within the Rs 2-4 crore class,” he noticed.
Not too long ago, on the sidelines of an actual property convention, Aggarwal asserted that there was no bubble within the Gurugram housing market and dominated out any worth crash.
Aggarwal stays assured of attaining its goal to promote Rs 12,500 crore value of properties this fiscal, whilst its pre-sales dipped 15 per cent within the June quarter. In the course of the April-June quarter, the corporate reported a 15 per cent decline in gross sales bookings to Rs 2,640 crore from Rs 3,120 crore within the year-ago interval.
The corporate bought 778 properties in April-June 2025 towards 968 items a yr in the past. When it comes to volumes, pre-sales dipped 20 per cent to 16 lakh sq. ft. In the course of the June quarter, the typical gross sales realisation stood at Rs 16,296 per sq ft in comparison with Rs 12,457 per sq ft within the final fiscal.
To increase enterprise and refinance debt, Signature World can also be seeking to elevate Rs 875 crore via the problem of non-convertible debentures.
It posted a internet revenue of Rs 101.2 crore within the final fiscal, a pointy soar from Rs 16.32 crore within the previous yr. Its whole earnings grew to Rs 2,637.99 crore within the final fiscal from Rs 1,324.55 crore in 2023-24.
Disclaimer:- This story has not been edited by SugerMint workers and supplied by the company. SugerMint won’t be accountable in any means for the content material of this story.
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