Signature Global may launch NCR projects worth ₹17,000 crore in FY26

Firm looks to stay in its core mid-size project segment

Real estate major Signature Global -- which has reported a sharp 48 per cent jump in its net profit for fourth quarter of FY25 -- on Friday said it was mulling launching five projects in the National Capital Region this financial year, notwithstanding the “nationwide labour shortage” which the firm said has led to adoption of innovative technologies like pre-cast concrete material to complete projects in time.

 

The new projects are likely to cost ₹17,000 crore.

 

The company is also looking at collections worth ₹6,000 crore in FY26, up from ₹4,400 crore achieved in FY25.

 

Pradeep Kumar Aggarwal, chairman and whole-time director, Signature Global told Business Standard that these projects will come up around Dwarka Expressway, Southern Peripheral Road (SPR) and the Sohna micro markets.

 

Commenting on expansion plans, Aggarwal said the realty firm is currently looking to grow in the Gurugram region itself, but would not be averse to opportunities in the Delhi and Noida micro-markets.

 

“Currently, we have a strong pipeline of upcoming projects in Gurugram for the next two to three years, but we will be looking to bid for land parcels in Noida if any such auction opportunity comes through the Noida Authority,” he added.

 

Aggarwal also said that Delhi has a potential for a mid-size housing market, especially in the L and N zones of Outer Delhi in the Delhi Master Plan.

 

He added that Signature Global would look to stay in its core mid-size project segment with a ticket price of ₹2 crore to ₹4 crore.

 

“We are at a unique position in terms of ticket size, as we sold over 4,000 units in FY25 for an average price realisation of ₹2.5 crore. Since we are a mass housing minded company, we want to stick to the mid segment,” he said.

 

Highlighting that the sector is facing a nationwide labour shortage, Aggarwal said that firms are now looking to take up advanced technologies such as usage of pre-cast concrete material.

 

“This shortage can sustain for some time, and therefore developers are turning to innovative technologies such as pre-cast and aluminium formwork technology for timely project completion,” he added.

 

The realty major had on Thursday recorded a 48 per cent year-on-year (Y-o-Y) rise in consolidated net profit for the fourth quarter of financial year 2024-25 (Q4FY25) to ₹61.12 crore, up from ₹41.2 crore in the same quarter last year.

 

The company’s revenue from operations fell by 25 per cent to ₹520.43 crore in Q4, from ₹694.36 crore reported in Q4FY24.

 

This comes after the company had last month announced a 61 per cent on-year drop in pre-sales bookings to ₹1,620 crore for Q4FY25, compared to ₹4,140 crore registered in the same period last financial year.

 

“This was due to minor delay in approvals for certain projects such as the second phase of Titanium SPR in Sector 71, Gurugram, which was shifted to the June quarter of FY26,” Aggarwal said.