Signature Global partners with landlords to develop housing projects worth more than Rs 5000 crore in Gurugram.

1.Signature Global partners with landlords for housing projects worth over Rs 5,000 crore in Gurugram.
2.Joint Development Agreements were inked for 21.38 acres, comprising 32 lakh square feet.
3.The revenue potential surpasses Rs 5,000 crore; the projects are in Sector 71, Gurugram.
4.Project launch is planned for 12-24 months, with a focus on the mid-income and affordable segments.
5.The consolidated net profit of Rs 2.17 crore achieved in Q3 represents a substantial improvement.
6.Sales bookings increase by 47% annually, reaching Rs 1,262.73 crore.
7.In September 2023, Signature Global will list mid-income and cheap housing.
8.Market presence strengthened by greater property sales and improved financial performance.

Global partners Introduction:

Signature Global, a leading real estate developer headquartered in Gurugram, has entered into joint development agreements (JDAs) with landlords to collectively create housing projects in Gurugram, with a revenue potential surpassing Rs 5,000 crore. This strategic decision demonstrates the company’s commitment to increasing its footprint in the mid-income and affordable housing markets.

Joint Development Agreements (JDA):

Signature Global has signed three separate JDAs with landlords, totaling 21.38 acres. These agreements result in a development capability of 32 lakh square feet for residential purposes. Chairman Pradeep Aggarwal emphasises the company’s proactive strategy to meeting the growing demand for housing in major cities.

Revenue Prospects:

Aggarwal forecasts significant revenues from these JDAs, exceeding Rs 5,000 crore. Notably, one of the JDAs includes a massive 16.12-acre land tract with a construction potential of 25 lakh square feet. The other two agreements involve land tracts of 4.26 acres and about 1 acre, with development potentials of 5.3 lakh square feet and 1.9 lakh square feet, respectively. These properties are strategically aligned with Signature Global’s existing developments in Sector 71, Gurugram.

Timeline and targets:

Signature Global hopes to launch these projects within 12-24 months, contributing to Gurugram’s expanding real estate scene. The company’s work with privately held organisations demonstrates its dedication to developing mutually beneficial real estate relationships.

Financial Performance:

Signature Global reported a consolidated net profit of Rs 2.17 crore for the quarter ending December, up from a net loss of Rs 44.89 crore in the same period last year. The company’s overall income rose to Rs 301.75 crore, indicating a strong development trend.

Progress and achievements:

Among its fiscal milestones, Signature Global recorded sale bookings of Rs 1,262.73 crore in the third quarter of the current fiscal year, representing a stunning 47% increase over the previous year. The company’s IPO on stock exchanges in September 2023 strengthened its market position. Notably, Signature Global’s property sales increased by 41% over the previous year.

Market Position:

Signature Global’s unwavering focus on the mid-income and inexpensive housing categories has propelled it to the forefront of the Delhi-NCR real estate market. The company’s initial public offering, made this year to earn Rs 730 crore, demonstrates its commitment to capitalising on market prospects.


Signature Global’s strategic relationships with landlords, as well as its consistent financial performance, demonstrate the company’s durability and adaptability in the rapidly changing real estate industry. With a strong presence in Gurugram and a customer-centric approach, Signature Global continues to revolutionise affordable housing solutions and set new industry standards.

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