Signatureglobal subsidiary buys 14.65 acres land in Gurugram
Signatureglobal Homes, a wholly-owned subsidiary of Signatureglobal (India), has executed a sale deed to purchase the land admeasuring approximately 14.65 acres situated at Gadauli Kalan, Sector -37D Gurugram. The land has an overall potential developable area of approximate 2.7 million sqft. Pradeeo Kumar Aggrawal, chairman and whole time director of the company said, we aim to launch a residental project on this land in FY25-26.
The company sold over 4,600 units at an average ticket size of Rs 16 milion during FY24. Its sales stood at Rs 72.7 billion in FY24, a growth of 112% from Rs 34.3 billion. Collections stood at Rs 31.1 billion in FY24, a growth of 62% from Rs 19.2 billion in FY23. During FY24, the company has added about 17 million sq ft in Sector 71, on Southern Peripheral Road. Its ongoing projects are expected to be completed by FY26. The company estimates revenue recongnition of about Rs 120 billion over FY24-FY26.
