Contents
- 1 Signature Global Invests ₹300 Crore for Premium Housing Project in Gurugram
- 2 Project Highlights
- 3 Company’s Strategic Goals
- 4 Signature Global’s Recent Achievements
- 5 Key Insights from Chairman Pradeep Kumar Aggarwal
- 6 Signature Global’s Future Prospects
- 7 Why Invest in Gurugram Real Estate?
- 8 Reference Link
- 9 Contact Evantis Realty India
Signature Global Invests ₹300 Crore for Premium Housing Project in Gurugram
Real estate giant Signature Global has made a significant investment of ₹300 crore to acquire 16.12 acres of prime land in Sector 71, Southern Peripheral Road, Gurugram, Haryana. This strategic move underscores the company’s commitment to meeting the growing demand for mid-income and premium residential properties in the Delhi-NCR region.
Project Highlights
Key Details
| Attribute | Details |
|---|---|
| Location | Sector 71, Southern Peripheral Road, Gurugram |
| Land Area | 16.12 acres |
| Investment | ₹300 crore |
| Development Potential | 27-28 lakh sq ft |
| Project Type | Premium Housing |
Company’s Strategic Goals
1. Expansion Plans
- Target Markets: Signature Global plans to expand its footprint into Noida and Greater Noida, leveraging the strong demand for mid-income and premium housing.
- Sales Target: The company aims to achieve ₹10,000 crore in sales bookings during the current fiscal year, up from ₹7,270 crore in the previous year.
2. Focus Areas
- Shift from affordable housing to mid-income, premium, and luxury homes.
- Continued acquisition of prime land parcels in Delhi-NCR to bolster its portfolio.
Signature Global’s Recent Achievements
| Metric | FY 2023-24 | FY 2024-25 Target |
|---|---|---|
| Sales Bookings | ₹7,270 crore | ₹10,000 crore |
| Average Ticket Size | ₹2.5 crore | ₹2.5 crore+ |
| Delivered Housing Area | 120 lakh sq ft | – |
| Ongoing Projects | 158 lakh sq ft | – |
| Pipeline Projects | 350 lakh sq ft | – |
Key Insights from Chairman Pradeep Kumar Aggarwal
- Land Purchase Strategy:
“We have purchased 16-acre land in Gurugram for a premium housing project, using internal accruals generated through operating surplus.”
- Market Demand:
“The demand in the premium segment remains robust due to inadequate supply.”
- Growth Factors:
“Our growth in sales bookings is driven by customers’ trust and the increasing demand for mid-income and premium housing.”
Signature Global’s Future Prospects
- Design and Approvals:
- Project design and regulatory approvals are expected to take six months.
- Customer-Centric Focus:
- Signature Global aims to enhance customer trust through quality construction and timely delivery.
- Sustainability Goals:
- Focus on eco-friendly and sustainable housing solutions to meet modern buyers’ expectations.
Why Invest in Gurugram Real Estate?
- Prime Location: Proximity to commercial hubs, educational institutions, and healthcare facilities.
- Infrastructure Growth: Rapid development of Southern Peripheral Road.
- Strong ROI: Consistent appreciation in property values.
Reference Link
Read the original report on Economic Times
Contact Evantis Realty India
- Phone: +91-9310105009
- Email: info@evantisrealty.com
- Website: https://evantisrealty.com/in/
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