Company reported Rs 4,140 crore pre-sales in Q4 FY 24, with year on year growth rates of 240% for the fourth quarter and 112% for the full year. Company has significantly exceeded its guidance of Rs 4,500 crore in FY24, due to successful launch of its first ever premium housing project.
Signature Global: In a regulatory filing, the company informed that it clocked record sales bookings in the fourth quarter as well as in the full 2023-24 that saw sales more than doubling to Rs 7,270 crore from the previous year.
Among the key markets, Mumbai Metro Region (MMR) continued to lead the pack with 42,920 units absorbed during Q1, 2024 - which was 24% higher than 34,690 units in the corresponding quarter previous year.
The Indian housing market saw record-breaking sales in Q4FY24, with 130,170 units sold across the top 7 cities, marking a 14% yearly increase. Total sales for FY24 reached 492,900, a 30% rise from the previous year. Despite new launches surpassing 100,000 units, inventory dropped by 7% annually. Notably, NCR witnessed the highest decline in unsold stock.
IPOs in FY24: 75 issues launched; 5 stocks including IREDA, Netweb soared over 150% since listing livemint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livemint.com Daily Mail and Mail on Sunday newspapers.