INSUBCONTINENT EXCLUSIVE:
Signature Global Chairman Pradeep Kumar Aggarwal is optimistic about maintaining this sales momentum |Representational Image2 min read Last
Updated : Oct 12 2024 | 2:55 PM IST
Realty firm Signature Global's net debt rose by 4 per cent in September quarter to Rs 1,020 crore as
it looks to expand business amid strong consumer demand for housing properties.
The company's net debt stood at Rs 980 crore at the end of
June quarter FY25.Click here to connect with us on WhatsApp
Earlier this week, Signature Global reported that it has achieved a nearly
three-fold increase in its sale bookings to Rs 2,780 crore during the second quarter on better demand for its housing projects.
Its sale
2,780 crore, a 184 per cent increase against Q2, FY24," Signature Global had said in a regulatory filing.
The company's sale bookings
jumped over threefold to Rs 5,900 crore in April-September 2024-25 from Rs 1,860 crore in the year-ago period.
Signature Global, which has
a significant presence in the Gurugram market, clocked sale bookings of Rs 7,270 crore in 2023-24 and has a target of Rs 10,000 crore for
the current fiscal.
Signature Global Chairman Pradeep Kumar Aggarwal is optimistic about maintaining this sales momentum.
"Our
resilience in the face of market fluctuations underscores the strength of our business model and our ability to adapt to evolving industry
As we scale new heights, we remain dedicated to enhancing shareholder value and driving sustainable growth
Our focus on premium and mid-housing projects, strategic land acquisitions, and the introduction of new customer-centric initiatives will
ensure we stay ahead of the curve," he said.
Signature Global has so far delivered 11 million square feet of housing area
It has a pipeline of about 32.2 million square feet of saleable area in forthcoming projects along with 16.4 million square feet of ongoing
projects.
According to data analytic firm PropEquity, housing sales in Delhi-NCR rose 22 per cent to 10,263 units in September quarter
from 8,411 units in the year-ago period.(Only the headline and picture of this report may have been reworked by the Business Standard staff;
the rest of the content is auto-generated from a syndicated feed.)First Published: Oct 12 2024 | 2:55 PMIST
