CosmicTaco

Signature Global's ₹1500 Crore Land Purchase Plan

CosmicTaco · 2024-09-02T17:19:10.786480+05:30

- **Signature Global** plans to invest ₹1500 crore in land purchases this year, focusing on **Gurugram** and **Noida**. - The company raised ₹730 crore through an **IPO** in September 2023 and recorded pre-sales of ₹7270 crore in FY24. - Founder **Pradeep Aggarwal** expects an operating surplus of ₹2500-3000 crore this year, part of which will reduce debt. - Signature Global aims to sell 4,000 residential units this fiscal, with an average price of ₹2-2.5 crore per unit. - The developer is launching a 130-acre project in **Sohna** targeting the middle-income segment, with a revenue potential of over ₹5000 crore.

Signature Global plans to invest ₹1500 crore in land purchases this year, focusing on Gurugram and Noida.
The company raised ₹730 crore through an IPO in September 2023 and recorded pre-sales of ₹7270 crore in FY24.
Founder Pradeep Aggarwal expects an operating surplus of ₹2500-3000 crore this year, part of which will reduce debt.
Signature Global aims to sell 4,000 residential units this fiscal, with an average price of ₹2-2.5 crore per unit.
The developer is launching a 130-acre project in Sohna targeting the middle-income segment, with a revenue potential of over ₹5000 crore.