Tag: Signature Global

IndustryLatest Stories

Signature Global, RMZ Team Up for Gurugram Mixed-Use Project

NEW DELHI: Signature Global (India) has partnered with RMZ to establish a joint venture focused on a mixed-use development featuring office spaces, hotels, and retail units along the Southern Peripheral Road (SPR) in Gurugram. According to the agreement, the companies will create a 50:50 joint venture, with RMZ investing ₹1,283 crore in the project. Pradeep Aggarwal, founder & chairman of Signature Global (India), stated, “The Southern Peripheral Road has consistently developed into a significant hub for residential and commercial projects, bolstered by robust infrastructure and connectivity.” As part of this deal, RMZ will acquire a 50% stake in Gurugram Commercity…

IndustryLatest Stories

Signature Global to invest ₹380 crore in quake-resistant tech

Representative AI image NEW DELHI: Signature Global has entered into a ₹380-crore memorandum of understanding (MoU) with CECO Hirun, an Indo-Italian joint venture, to introduce advanced earthquake-resistant technology in its projects over the next 15 years. The Delhi-NCR region is situated in seismic zone IV. The advanced earthquake-resistant technology being utilized is Hysteretic Tuned Mass Dampers (HTMDs), which aim to minimize vibrations in high-rise buildings caused by seismic activity and wind, thus enhancing stability and comfort for occupants. “We plan to implement this technology in 80-100 towers over the next 15 years, particularly in buildings exceeding 150 meters in height,”…

IndustryLatest Stories

Signature Global Q3 FY26 Sales Bookings Down 27% to ₹2,020 Cr

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.…

IndustryLatest Stories

Signature Global secures ₹8.75B through NCDs for housing projects

NEW DELHI: Signature Global (India) has successfully secured ₹8.75 billion through a private placement of non-convertible debentures (NCDs) with the International Finance Corporation (IFC), the World Bank’s lending arm. The NCDs received ‘A+’ stable ratings from Care Edge Ratings, marking the company’s first listed debt transaction. With a coupon rate of 11%, the NCDs have a tenure of three years, two months, and 30 days, maturing on January 15, 2029. The proceeds will be allocated for developing mid-income housing and environmentally sustainable projects, along with reducing existing debt. Pradeep Aggarwal, founder and chairman of Signature Global, expressed, “We are committed…

IndustryLatest Stories

Signature Global secures ₹875 crore through debentures for growth

I visualize the growth potential of non-convertible debentures (NCDs) with a rising graph against a cityscape. NEW DELHI: Realty firm Signature Global Ltd has successfully raised Rs 875 crore through the issuance of non-convertible debentures (NCDs) aimed at repaying existing debt and fostering business expansion. The company announced in a regulatory filing on Friday that its debenture committee has approved the allocation of 87,500 NCDs, each with a face value of Rs 1 lakh, amounting to a total of Rs 875 crore, under private placement. Although Signature Global did not disclose the identities of the investors who subscribed to these…

IndustryLatest Stories

Signature Global Pre-Sales Reach ₹46.5 Billion in H1 FY26

NEW DELHI: Signature Global has announced pre-sales of ₹46.5 billion for H1 FY26, alongside collections of ₹18.7 billion for the same timeframe. In Q2 FY26, pre-sales reached ₹20.1 billion, with collections increasing to ₹9.4 billion. The average sales price during this quarter was ₹15,000 per sq ft, compared to ₹12,457 per sq ft in FY25. The company’s net debt has slightly increased to ₹9.7 billion due to the purchase of 33.47 acres of land in the key Sohna micro-market, which has a development potential of approximately 1.76 million sq ft. Chairman and whole-time director Pradeep Kumar Aggarwal stated, “We continue…

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Signature Global to raise ₹875 crore next week through NCDs

NEW DELHI: Signature Global Ltd, a real estate firm, plans to raise Rs 875 crore next week through non-convertible debentures (NCDs) targeted at investors. In a regulatory filing on Thursday, the company announced that its Debenture Committee has approved the issuance of 87,500 NCDs, with a face value of Rs 1 lakh each, totaling Rs 875 crore via private placement. The NCDs, which have a coupon rate of 11%, will have a tenure of 3 years, 2 months, and 30 days, with allotment slated for October 16, 2025, and maturity on January 15, 2029. Earlier in June, the board of…

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India’s 28 Builders Sell Properties Worth ₹53,000 Cr (Apr-Jun)

NEW DELHI: In the April-June quarter, India’s 28 publicly listed real estate companies collectively sold properties valued at approximately Rs 53,000 crore, with Prestige Estates recording the highest sales. According to regulatory filings, the total sales bookings for these firms amounted to Rs 52,842 crore for the first quarter of the financial year. Bengaluru’s Prestige Estates Projects Ltd led the sector with pre-sales reaching Rs 12,126.4 crore during this period. DLF Ltd, recognized as the largest real estate firm by market capitalization in India, secured the second spot with pre-sales of Rs 11,425 crore, mainly due to demand in the…

InfrastructureLatest Stories

Gurugram: Buyers Protest Developer Over Poor Roads at Signature Global City-1

GURUGRAM: On Friday, numerous residents from Signature Global City-1 in Sector 37D protested against the developer, claiming inadequate road connectivity. Residents stated that the builder had assured them of a 24-meter-wide road leading to the main access point. However, over a year post-possession, the promised road remains absent, causing daily commuting difficulties. Currently, around 150 families reside in the society out of a total of 1,250 flats, with possession commencing last year. The developer’s representative did not respond to inquiries from TOI. Residents highlighted that poor connectivity is more than just an inconvenience; it poses risks for individuals of all…

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Signature Global Targets 92% Growth by FY26

NEW DELHI: Realty firm Signature Global Ltd aims to boost its operational revenue by 92% this fiscal year, fueled by strong sales in its residential projects across Gurugram. According to its latest investor presentation, the company is targeting revenue of ₹4,800 crore for this financial year. Signature Global’s operational income reached ₹2,498.02 crore during the 2024-25 fiscal year. The company mentioned that it has “achieved around 19% of guidance.” It anticipates increased momentum in the upcoming quarters, driven by timely construction completions. In the real estate segment, revenue recognition can occur either upon project completion or via the percentage-of-completion method.…