Gurugram Real Estate - Signature Global buys 33.47 acres land, aims to launch projects worth Rs. 13,000 Cr

Realty firm Signature Global Ltd has purchased a 33.47-acre land parcel at Sohna, Gurugram, for around Rs 450 Crore to develop housing projects, a top company official said.

Gurugram-based Signature Global is one of the leading real estate developers in the country. The company became the fifth-largest player in the last fiscal year in terms of pre-sales, selling properties worth 10,290 Crore.

“We have recently purchased a total of 33.47 acre land in Sohna, Gurugram,” Signature Global Chairman Pradeep Kumar Aggarwal told PTI on the sidelines of NAREDCO’s convention on Sunday.

He said the cost of acquisitions stood around Rs. 450 Crore.

These land parcels were bought through three separate sale deeds. The total development potential is around 18 lakh sq ft.

“We are always looking for land parcels to expand our business. In Delhi-NCR, we are evaluating multiple deals in Gurugram, Noida, Greater Noida, and Delhi.” he said.

Land acquisitions in any financial year should be equivalent to the total projects launched in that fiscal year, Aggarwal said, when asked about the land bank strategy of the company for future development.

Signature Global had invested Rs. 1,070 crore last fiscal year to purchase 48 acres of land in Gurugram, Haryana.

The company plans to invest 1,200 -1,500 crore during 2025-26 to acquire land parcels.

On launches, Aggarwal said the company has launched Rs. 4,000 crore worth of projects in the first quarter of FY26, and another Rs. 13,000 crore worth of projects would come into the market by March next year.

“In the second quarter, we have not launched any project so far. But, we have inventories in our existing projects for sales,” he added.

Aggarwal remains confident of achieving the sales bookings or pre-sale guidance of Rs. 12,500 crore for the current fiscal year.

Company reported 5x increase in net profit

About the market scenario of Gurugram, he said, “Demand is slow and steady for luxury homes priced above Rs. 5 crore per unit. There is not much supply in the Rs. 2-5 crore price bracket.”

However, he said there has been no price correction in the market, although the pace of increase in rate would be moderate going forward.

“The frenzy seen in the last few years, with entire projects getting sold in a few hours or a few days, is missing now,” Aggarwal said.

During the April-June period of 2025-26, the company reported a fivefold surge in consolidated net profit to 34.43 crore.

Its net profit stood at Rs. 6.79 crore in the year-ago period.

Total income rose to Rs. 898.35 crore, from Rs. 426.98 crore during the period under review.

The company reported a 15 percent decline in sales bookings to Rs. 2,460 crore in the first quarter of this fiscal year from Rs. 3,120 crore in the year ago period.

Since inception, Signature Global has delivered nearly 15 million sq ft of real estate projects.