Signature Global buys 14.65-acre land in Dwarka Expressway, Gurugram thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Realty firm Signature Global has acquired 14.65 acres of land in Gurugram for around Rs 350 crore. The company plans to develop a residential project comprising 27 lakh square feet and aims to launch it in 2025-26. The company saw significant sales growth and aims for continued expansion in the luxury housing market.
Pradeep Kumar Aggarwal, chairman and whole-time director of Signatureglobal (India) said, "We aim to launch a residential project on this land in FY25-26."
Realty developer Signature Global aims for Rs 10,000 crore pre-sales in FY25 and to be debt-free by 2026. The company reported 112% growth in pre-sales to Rs 7,720 crore for FY24, exceeding guidance. With launches worth Rs 16,000 crore planned for the fiscal, they are actively seeking acquisitions and expanding their portfolio.
Signature Global (India) board has approved the investment of Rs. 34.74 crore in the 3,47,49,900 equity shares of Rs 10 each of Gurugram Commercity for cash at par.