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YUGEN REALTY, SURAT
Signature Global achieved 255% growth in pre-sales for Q1 -FY25 Signature Global, India’s leading real estate development company with a strong footprint in Delhi-NCR has reported impressive pre-sales figures of INR 31.2 billion for Q1 FY25, representing a growth of 255% YoY. This achievement represents over 30% of the company’s FY25 ambitious pre-sales target of INR 100 billion. The company has successfully ventured into the premium housing market by launching two group housing projects in Gurugram in the last two quarters, both of which have received overwhelming response. Collections for Q1 FY25 also saw significant growth, rising 102% to INR 12.1 billion. Additionally, Signature Global reduced its net debt significantly by 16% to INR 9.8 billion at the end of Q1 FY25 compared to INR 11.6 billion at the end of FY24. Commenting on the company’s performance, Pradeep Kumar Agarwal, Chairman and Whole-time Director, Signature Global said: “Signature Global continues on a high growth trajectory, exhibiting strong pre-sales and collection figures for the third consecutive quarter. We ended the last financial year on an exceptional note, exceeding our guidance by significant margins in both pre-sales and collections. This financial year, we have set an ambitious target of achieving INR 100 billion in pre-sales. Remarkably, in the first quarter alone, we have surpassed 30% of this target. Our second successful launch in the premium segment stands as a testament to our capabilities and dedication to deliver excellence. We are committed to ensuring that the trust of our valued customers remains steadfast, as we continue to innovate and expand our offerings. Our performance thus far underlines our strategic vision and the effectiveness of our growth initiatives, further strengthening our position in the industry.” This significant growth in pre-sales and successful reduction in net debt highlights Signature Global’s strategic prowess and reinforces its leadership in the real estate sector.
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Disclaimer : This information has been collected through secondary research and Yugen Realty Newspaper is not responsible for any errors in the same.
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