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Signature Global
Realty firm Signature Global has formed an equal joint venture with RMZ Group to develop a mixed-use project in Gurugram, with the Bengaluru-based firm investing Rs 1,283 crore. In a regulatory filing, Signature Global said it has formed a joint venture with RMZ to develop a mixed-use project, comprising office buildings, hotels, and retail spaces on the Southern Peripheral Road (SPR) in Gurugram. Under the agreement, Signature Global and RMZ will form a 50:50 joint venture. RMZ has committed an investment of Rs 1,283 crore to acquire a 50 per cent equity stake in the project, the filing said. As part of the transaction, Gurugram Commercity Ltd (GCL), a wholly-owned subsidiary of Signature Global, and Millennia Realtors, an RMZ entity, have entered into a Securities Subscription and Purchase Agreement (SSPA). Under the SSPA, RMZ will acquire a 50 per cent equity stake in GCL through a combination of share purchase and share subscription, for an aggregate consideration of up to Rs
Realty firm Signature Global has posted a consolidated net loss of Rs 45.33 crore in the quarter ended December on lower income. The company had posted a net profit of Rs 29.13 crore in the year-ago period. Total income fell to Rs 312.76 crore during October-December period of this fiscal from Rs 862.14 crore in the corresponding period of the preceding year, according to a regulatory filing on Tuesday. Pradeep Aggarwal, Founder and Chairman of Signature Global (India) Ltd, said the company has continued to deliver steady performance during the first nine months of this fiscal. "While the real estate market has witnessed some softness, the current environment clearly favours developers with a proven track record of delivering quality homes and truly consumer-centric offerings. Our recently launched wellness-centric project, Sarvam at DXP Estate, has received robust demand, reflecting evolving buyer preferences towards thoughtfully designed, health-focused living spaces," he ...
Realty firm Signature Global on Sunday reported a 27 per cent decline in its sales bookings to Rs 2,020 crore for the quarter ended December, despite high festive demand for housing properties. The Gurugram-based company had sold properties worth Rs 2,770 crore in the year-ago period. In a regulatory filing, Signature Global informed that it has sold 408 units during the October-December period of this fiscal year, compared to 1,518 units in the year-ago period. In terms of area, the sales bookings fell to 1.44 million sq ft from 2.49 million sq ft. Real estate developers generally clock better sales bookings during the October-December period because of festive demand. Signature Global did not mention any reason for the decline in sales bookings during the third quarter. The company launched a big housing project on Dwarka Expressway only late last month. This could be one of the reasons for the drop in sales bookings. During the first nine months of this fiscal, Signature Glob
Realty firm Signature Global will invest Rs 4,800 crore to develop a luxury housing project in Gurugram as part of its strategy to expand business amid strong consumer demand. The company, which emerged as the fifth-largest listed realty firm last fiscal in terms of sales bookings, has recently launched a new project, 'Sarvam at DXP Estate', spread over 13.56 acre. The project, located on Dwarka Expressway, Sector 37D in Gurugram, will have 1,798 apartments. In the first phase, the company is offering 50 per cent of the total units for sale in a price range of Rs 3-4 crore per unit. "The total investment in the development of this project is estimated at around Rs 4,800 crore," Signature Global founder and Chairman Pradeep Aggarwal told PTI. The company will meet the investment largely through internal accruals, which include advances from customers. The construction works will start soon, and the project is expected to be completed by 2032. Aggarwal highlighted that the company
Realty firm Signature Global Ltd on Tuesday said it has raised Rs 875 crore from World Bank's lending arm IFC through issuance of non-convertible debentures (NCDs) and the amount will be used to develop housing projects and retire high-cost debt. Gurugram-based Signature Global, one of the leading real estate developers in the country, also exuded confidence of achieving the sales bookings target of Rs 12,500 crore for this fiscal, on the back of launch pipeline of homes worth Rs 14,000 crore during the next five months. The company sold properties worth Rs 10,290 crore last fiscal to become the fifth largest listed realty firm in terms of sales bookings. "We have raised Rs 875 crore from private placement of NCDs with International Finance Corporation (IFC)," Signature Global Chairman Pradeep Kumar Aggarwal told reporters here. After the successful Initial Public Offering and listing of the shares on bourses, he said the company has achieved another major milestone by raising fund
Realty firm Signature Global Ltd will next week raise Rs 875 crore through issuance of non-convertible debentures (NCDs) to investors. In a regulatory filing on Thursday, the company informed that the Debenture Committee of the company has approved the terms for issuance of 87,500 NCDs, having a face value of Rs 1 lakh each, aggregating to Rs 875 crore on a private placement basis. The tenure of the NCDs, having a coupon rate of 11 per cent, would be 3 years, 2 months and 30 days. The allotment is proposed on October 16, 2025, and the date of Maturity is January 15, 2029. In June, the company's board approved a proposal to raise up to Rs 875 crore through NCDs on a private placement basis. Gurugram-based firm Signature Global is one of the leading real estate developers in the country. In 2024-25, the company emerged as the fifth-largest listed real estate firm in terms of sales bookings. The company sold properties worth Rs 10,290 crore in the last fiscal and is targeting Rs 12,5