Signature Global Will Invest Rs 1000-1200 Cr Yearly For Land Acquisitions
Realty firm Signature Global will invest Rs 1,000-1200 crore per year to purchase land for the development of housing projects and encash strong consumer demand. Apart from outright land acquisition, the company would also be open to partnership with landlords for the development of housing projects. It will continue to focus on the Gurugram property market for short to medium term. On sales bookings, the company is expecting to reach around Rs 7,200 crore this fiscal against Rs 3,430 crore in the previous financial year. Recently, the company launched a new luxury housing project in Gurugram with an investment of Rs 2,200 crore. It has already sold the entire project, comprising 1,008 units for Rs 3,600 crore. During the first nine months of this fiscal, Signature Global has achieved 41 per cent growth in sale bookings to Rs 3,124.12 crore from Rs 2,209.78 crore in the year-ago period. The sales booking number is set to reach Rs 7,200 crore this fiscal after it achieved sales of Rs 3,600 crore in its new project on Dwarka Expressway. Till December 2023, Signature Global has delivered a 6.7 million square feet area. It is developing a 16.9 million square feet area and has a future pipeline of 28.4 million square feet of saleable area.
Tags : Signature Global housing projects luxury housing project sale bookings