Introduction
Signature Global Luxury Homes project in Gurugram has achieved remarkable pre-launch sales. Set a new record. Enormous interest is being shown in this luxurious development. With its prime location, top-notch amenities and sleek design, it’s no wonder the project has garnered so much attention. If you are thinking of investing in Gurugram real estate, this could be a fantastic opportunity!
Table of Contents
The real estate company Signature Global has sold luxury homes worth ₹3,600 crores at its Gurugram project Deluxe DXP ahead of its official launch. A total of 1,000 units were sold at a base price of around ₹13,000 per square foot.
In an interview with CNBC-TV18, Rajat Kathuria, CEO of Signature Global India, shared the details of the project. “This is a development of around 2.7 million square feet, we are coming up just off the Dwarka Expressway.”
Prime Minister Modi will inaugurate the Dwarka Expressway, this month itself. “So, it’s a good coincidence that the project was launches, and we have 5x more responses with subscriptions.” A total of 1,000 units were sold at a base price of around ₹13,000 per square foot.
Modi Will Inaugurate the Expressway
Dwarka Expressway, or NH 248-BB, is a 27.6-kilometer-long expressway currently under construction. It has eight lanes in each direction. It has a total of 16 lanes. This elevated, grade-separated expressway connects Dwarka in Delhi to Kherki Daula Toll Plaza in Gurugram, Haryana. Prime Minister Narendra Modi will inaugurate the expressway on March 11, 2024.
In the third quarter (Q3FY24), the company reported a 47% year-on-year (YoY) jump in pre-sales from ₹857 crores to ₹1,263 crores. This was the company’s best nine-month performance with pre-sales for 9MFY24 at ₹3,124 crore, up 42% YoY. Currently, the company has an area of around 27 million sq. ft. It will be value at over ₹35,000 crores.
Real Estate Firm Aims to Achieve
The company currently operates approximately 27 million square feet of inventory. It will be value at over ₹ 35,000 crore. Mainly serving the middle class. The real estate firm aims to achieve between ₹ 2,900 and ₹3,000 crore for the full year. The company’s collections grew 57% to ₹2,096 crore for MFY24 (Midel of the Year 2024).
Signature Global India has a market capitalization of around ₹19,912.47 crores. It competes with players like Brigade Enterprises, Prestige Group, and Oberoi Realty. The stock has gained 209% over the past year.
Signature Global FY24 Guidance
As per Signature Global FY 2024, here are the Collections, launch, and pre-sales.
| Particulars | FY24 Guidance (Rs cr) |
| Collections | 2,900 |
| Launches | 8,500 |
| Pre-Sales | 4,500 |
Conclusion
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