NEW DELHI: Realty firm Signature Global reported a 27% drop in sales bookings to ₹2,020 crore for the quarter ending in December, despite high festive demand for housing properties.
The Gurugram-based company sold properties worth ₹2,770 crore during the same period last year.
According to a regulatory filing, Signature Global sold 408 units in the October-December period of this fiscal year, down from 1,518 units in the year-ago quarter.
Sales bookings, measured in area, fell to 1.44 million sq ft from 2.49 million sq ft.
Real estate developers typically see increased sales during the October-December period due to festive demand. However, Signature Global did not specify reasons for the decline in bookings this quarter.
The company launched a significant housing project on Dwarka Expressway late last month, which may have contributed to the decrease in sales.
During the first nine months of the fiscal year, Signature Global’s sales bookings decreased by 23% to ₹6,680 crore from ₹8,670 crore in the previous year.
In the same October-December period, the company sold 1,746 units compared to 3,539 units a year earlier.
Pradeep Kumar Aggarwal, Chairman of Signature Global, noted, “We performed well in the first nine months of FY26, thanks to ongoing demand in our key micro-markets.” The launch of a wellness-centric premium project, Sarvam at DXP Estate on Dwarka Expressway, attracted positive customer interest, indicating changing buyer preferences.
“Robust collections, improved realizations, and disciplined balance sheet management reflect our execution strength. Looking ahead, current momentum and upcoming launches keep us aligned with our guidance, supporting our long-term growth plans,” Aggarwal added.
Last fiscal year, Signature Global achieved sales bookings of ₹10,290 crore, making it the fifth-largest listed real estate developer by sales.
The company aims to reach ₹12,500 crore in sales bookings for the full 2025-26 fiscal year, requiring nearly ₹6,000 crore in property sales in the current quarter.
Signature Global holds all residential projects in the Gurugram market, which has recently faced sluggish demand due to significant price increases post-COVID.
By September last year, the company had delivered 16 million sq ft of real estate.
