Story Of Signature Global

The Story of Signature Global: Shifting Focus from Affordable to Premium Housing, Eyes Strong Growth and Profitability

According to Pradeep Aggarwal, Founder and Chairman of Signature Global, the project has about 1,000 units and received over 5,400 applications. The project has achieved ₹3,600 crore in sales, adding to ₹3,124 crore in sales between April and December, bringing FY2024 sales to nearly ₹8,000 crore. This is a significant jump from the ₹3,431 crore sales reported in FY2023. The shift to higher-priced units has also increased the company’s revenue per square foot, which rose from under ₹4,000 in FY2021 to ₹11,762 by FY2024.

This remarkable growth is not just about numbers — it reflects the story of Signature Global, a journey of transforming affordable housing into aspirational living, while continuously setting new benchmarks in the Indian real estate sector.

In its early years, over 90% of Signature Global’s sales came from affordable housing. Now, affordable housing accounts for only 33% of sales, and just 1% of its planned projects are in this segment. Premium projects dominate its plans, with a target to launch developments worth ₹12,000 crore by FY2025. These include luxury units priced above ₹2.5 crore in Sector 71 and Sohna, and mid-premium units priced above ₹1 crore in Sector 37D and 84. This shift highlights the story of Signature Global — a journey from affordability-driven beginnings to establishing itself as a powerful force in the premium and luxury housing market.

Despite financial challenges in recent years, ICICI Securities predicts a strong turnaround for the company. Signature Global is expected to achieve a net profit of over ₹100 crore in FY2024 and over ₹1,350 crore by FY2026. Revenue is projected to grow from ₹1,586 crore in FY2023 to over ₹6,900 crore, supported by a lean banking model that enables fast project execution.

Adhidev Chattopadhyay, Vice President of Equity Research at ICICI Securities, highlighted the company’s 43% compound annual growth rate (CAGR) in sales bookings from FY2021 to FY2023, mainly driven by affordable and mid-income housing projects.

While the company now focuses on mid-income and premium housing, Chairman Pradeep Aggarwal has expressed willingness to return to affordable housing if government policies, such as relaxed norms or cheaper land, make it viable. For now, Signature Global aims to strengthen its position in the premium housing market with ambitious plans for high-end projects.

Conclusion

The journey of Signature Global reflects a remarkable transformation from being a leader in affordable housing to becoming a strong player in the premium housing segment. With record-breaking sales, rising revenue per square foot, and ambitious launches lined up, the company is well-positioned for sustainable growth and profitability. As it continues to tap into the demand for luxury and mid-premium homes, the story of Signature Global is set to redefine Gurgaon’s real estate landscape.

For investors and homebuyers looking to make the right move in this evolving market, partnering with the best real estate consultant in Gurgaon can ensure the smartest investment decisions and maximum returns.