Signature Global to Invest 3,500 Cr in FY27 on Land Buying, Construction
New Delhi, May 18: Signature Global will invest 3,500 crore in FY27 on land buying and construction, targeting 10,000 crore sales bookings with 21 per cent growth despite some softness in the Gurugram housing market.
Investment Breakdown
The company will invest around 2,000 crore on construction activities this fiscal year. On land acquisition, Aggarwal said the company invested around 700 crore last fiscal year. "We will be investing 1,000-1,500 crore on land acquisition during FY27." The company is evaluating many land parcels in Gurugram district and adjoining areas and hopes to conclude a few deals soon.
Sales Target and Market Outlook
The company has set a target to achieve 21 per cent growth in sales bookings this fiscal year to 10,000 crore on a strong launch pipeline and residual inventories in under-construction projects. Aggarwal noted that the Gurugram housing market did face "a little bit of softness" on the demand side during the second half of FY26 after a sharp rally in sales and prices during 2022-2024. However, he strongly believes the Gurugram housing market would return to normalcy this fiscal year.
Recent Performance and Commercial Diversification
During FY26, the company's sales bookings fell 20 per cent to 8,250 crore from a record 10,290 crore in the preceding year. Average sales realisation increased to 15,250 per sq ft from 12,457 per sq ft. The company has entered into commercial real estate business in partnership with Bengaluru-based RMZ Group as part of its diversification strategy. In April, Signature Global tied up with Italian lifestyle brand Tonino Lamborghini to develop a luxury housing project in Gurugram with an investment of nearly 2,900 crore.
Financial Results
Signature Global reported a multi-fold jump in consolidated net profit to 1,094.64 crore last fiscal year from 101.2 crore in the preceding year, with total income rising to 2,778.85 crore in FY26 from 2,637.99 crore. The company has delivered 17.9 million sq ft of real estate since inception.