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Signature Global Ltd, the Gurugram-based real estate developer, witnessed a 28% decline in sales bookings during the second quarter of the current financial year due to a lower number of new housing launches. The company's sales bookings fell to INR 2,010 crore from INR 2,780 crore in the corresponding period last year. For the first half of FY2025-26, sales dropped 21% year-on-year to INR 4,650 crore. Despite the slowdown, the company remained confident of achieving its annual sales target.
Signature Global Ltd reported a 28% fall in sales bookings during the second quarter of the ongoing fiscal year, attributing the decline to reduced fresh housing supply. The company's pre-sales stood at INR 2,010 crore compared with INR 2,780 crore in the same quarter last year. Advertisement
For the April-September period of FY2025-26, the developer recorded a 21% year-on-year decline in sales bookings, reaching INR 4,650 crore as against INR 5,900 crore in the corresponding period of the previous year, as stated in its latest operational update.
Pradeep Kumar Aggarwal, Chairman of Signature Global, said the firm was confident of achieving its sales target of INR 12,500 crore for FY2025-26, compared with INR 10,290 crore recorded in the prior fiscal. He further mentioned that with a strong launch pipeline and disciplined financial management, the company expected to maintain steady growth across parameters such as pre-sales, collections, and net debt in the coming quarters.
As of June 2025, Signature Global had delivered 15.7 million sq ft of real estate. Its upcoming pipeline remained strong, with 17.1 million sq ft of recently launched projects, 24.5 million sq ft of planned developments, and 9.2 million sq ft under construction, all expected to be executed over the next two to three years.
With a substantial development pipeline and a disciplined financial approach, the developer anticipated meeting its ambitious annual targets. The firm's focus on execution and upcoming launches indicated a strategic commitment to sustaining long-term growth despite short-term market fluctuations.
Source - PTI
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