Signature World internet debt up 4% in Q2 to Rs 1,020 cr; seems to be to faucet robust housing demand
Earlier this week, Signature World reported that it has achieved a virtually three-fold enhance in its sale bookings to Rs 2,780 crore in the course of the second quarter on higher demand for its housing tasks.
Its sale bookings or pre-sales stood at Rs 980 crore within the year-ago interval.
“Regardless of the ‘shradhh’ interval, Q2, FY25 pre-sales amounted to Rs 27.8 billion, a 184 per cent enhance in opposition to Q2, FY24,” Signature World had stated in a regulatory submitting.
The corporate’s sale bookings jumped over threefold to Rs 5,900 crore in April-September 2024-25 from Rs 1,860 crore within the year-ago interval.
Signature World, which has a major presence within the Gurugram market, clocked sale bookings of Rs 7,270 crore in 2023-24 and has a goal of Rs 10,000 crore for the present fiscal. Signature World Chairman Pradeep Kumar Aggarwal is optimistic about sustaining this gross sales momentum. “Our resilience within the face of market fluctuations underscores the energy of our enterprise mannequin and our potential to adapt to evolving trade dynamics. As we scale new heights, we stay devoted to enhancing shareholder worth and driving sustainable progress. Our give attention to premium and mid-housing tasks, strategic land acquisitions, and the introduction of recent customer-centric initiatives will guarantee we keep forward of the curve,” he stated.
Signature World has up to now delivered 11 million sq. ft of housing space. It has a pipeline of about 32.2 million sq. ft of saleable space in forthcoming tasks together with 16.4 million sq. ft of ongoing tasks.
In line with information analytic agency PropEquity, housing gross sales in Delhi-NCR rose 22 per cent to 10,263 models in September quarter from 8,411 models within the year-ago interval.
