Signature Global to launch ₹14,000 crore projects by festive season

Realty firm plans launches in Dwarka Expressway and SPR; Q1 net profit up 386% to ₹34 crore, revenue doubles on project completions and strong sales realisation

Real estate major Signature Global will launch projects worth up to ₹14,000 crore in its core markets at Dwarka Expressway and Southern Peripheral Road (SPR) ahead of the festive season.

 

“We are planning to launch projects worth about ₹13,000 crore to ₹14,000 crore in the coming period in Sector 37D near Dwarka Expressway and Sector 71 near the SPR,” Signature Global Chairman and whole-time Director Pradeep Kumar Aggarwal told Business Standard in a virtual interaction.

 

This includes a 4 million square feet (msf) land parcel near the developer's De-Luxe DXP project in Sector 37D, which they plan to launch before the festival season.

 

“The second major launch will be in Sector 71, where we have a land parcel near Titanium SPR, which also covers about 4 msf in area,” Aggarwal added.

 

This comes even as the developer launched projects worth ₹4,000 crore in the June quarter of the financial year 2025-26 (Q1FY26), out of the company’s full year guidance of ₹17,000 crore this year.

 

Speaking on looking at newer locations for growth, Aggarwal said that while the firm works closely on all land parcels that come its way, it has not seen any significant opportunity in Noida where it can establish a strong footprint.

 

“Our major portion of land parcels remains in Dwarka Expressway, SPR and the Sohna region,” he added.

 

The company is also not keen on looking towards stalled projects, with Aggarwal stating that Signature Global would be more comfortable developing projects from the ground up, an approach that gives it greater control and comfort.

 

For Q1FY26, the company reported a 386 per cent year-on-year (Y-o-Y) increase in consolidated net profit at ₹34 crore, up from ₹7 crore a year earlier. 

 

Revenue from operations more than doubled to ₹870 crore, up 118 per cent from ₹400 crore in the same quarter last year.

 

Aggarwal said that the rise was because of rising revenue recognition due to the completion of more projects.

 

“We have delivered more than 2,000 houses this quarter, totalling approximately 1.4 msf. This has been the best-ever quarter in the history of Signature Global, marked by significant revenue growth,” he added.

 

The developer also recorded a rise in average sales realisation to ₹16,296 per square feet in Q1FY26, from ₹12,457 per square feet last year.

 

This, Aggarwal said, was due to the launch of premium residential project ‘Cloverdale SPR’ on Sector 71 near Gurugram’s SPR.

 

“The customer profile showed a significant number of salaried individuals, along with a strong participation from NRIs, which was reflected well in the sales,” he added.

 

Aggarwal said that the project also saw considerable interest from self-employed individuals, as well as second-home investors who are wealthy business owners operating in the Delhi-NCR region.

 

While the company saw a 15 per cent drop in pre-sales in the June quarter to ₹2,600 crore, Signature Global stated that it still accounted for 20 per cent of the full-year pre-sales guidance of ₹12,500 crore for FY26.

 

“Considering the strong demand in the market and supply constraints, I am very confident that we will achieve the pre-sales target of ₹12,500 crore comfortably,” he added.