Signature Global to invest Rs 1,500 crore in land acquisition; plans to enter Noida

Bengaluru: Real estate developer Signature Global plans to buy land for ₹1,500 crore this year as it looks to expand in its core market of Gurugram and enter Noida in the National Capital Region (NCR).

The developer will purchase land through direct transactions and also through auctions conducted by the Noida Development Authority, founder and chairman Pradeep Aggarwal said.

Global Signaturewhich had launched its first residential project in Sector 107 on Dwarka Expressway in 2014, raised ₹730 crore through an initial public offering (IPO) in September 2023.

In fiscal year 24, it recorded pre-sales of ₹7270 crores. For FY25, it has given a sales forecast of ₹10,000 crore on the back of a strong pipeline of project launches.

“The company expects an operating surplus of more than ₹2500-3000 crore in the current fiscal year. A part of this surplus will be used to reduce debt and we plan to invest around Rs 200 crore in this fiscal year. ₹“Rs 1,500 crore has been invested to purchase land. This investment will help replenish our land bank,” Aggarwal said.

Its net debt as of June 30 was ₹980 crores.

The company is exploring growth opportunities, focusing on the Delhi-NCR region. Aggarwal said that beyond Gurugram, he sees huge potential in Noida.

“…We will look into the possibility of purchasing land from the Noida Authority as the title to the land will be free of encumbrances. When we enter the Noida market, we will look into developing large-scale projects, similar to what we have done in Gurugram,” he added.

To achieve its sales booking target, Signature Global aims to sell 4,000 residential units this fiscal year, at an average cost of ₹2-2.5 crore per unit.

The Delhi-NCR real estate market has seen a turnaround in the wake of the pandemic. After a multi-year slowdown in the residential sector in particular, both home sales and prices have picked up significantly.

Launch pipe

Signature Global plans to launch a 130-acre project in Sohna this year, targeting the middle-income segment. The mixed-use development project is estimated to have an income potential of over ₹5000 crores.

For FY25, it has provided ambitious guidance for the launch of the project ₹16,000 crore rupees.

Signature Global started with affordable prices housing projects cost calculation ₹15-30 lakh. In 2020, it ventured into middle-income housing priced at ₹45 lakh and above. In 2024, it launched its first two premium projects – Deluxe- DXP on Dwarka Expressway, Gurugram and Titanium SPR on Southern Peripheral Road, Gurugram. Both projects, which were priced at ₹Good sales were recorded between Rs 3.5 and Rs 5.5 crore.

“Going forward, we will focus on middle and upper class projects. Gurugram is an aspirational market at present and our upper class projects have seen a great response from young professionals, entrepreneurs and non-resident Indian (NRI) buyers. However, even in the upper class segment, we are launching competitively priced projects,” Aggarwal said.

Apart from Sohna, the developer also has a sizeable land bank in Sector 71, on the South Peripheral Highway and Dwarka Expressway, where it will launch projects.

Aggarwal said Signature Global has appointed Boston Consulting Group to advise on sales processes and pace of construction to ensure timely delivery.