Realty firm Signature Global Ltd reported a 9% annual decline in sales bookings to ₹1,830 crore during the second quarter of this fiscal year, according to reports from NDTV Profit and Rediff Moneynews. The company's sales bookings stood at ₹2,020 crore in the year-ago period, indicating a significant year-over-year contraction. In the July-September quarter, Signature Global sold 454 units, down from 560 units in the corresponding period of the previous year. As per Rediff Moneynews, the company filed regulatory disclosures confirming this performance decline.
The company's sales bookings declined 18% to ₹3,800 crore in the first six months of this fiscal from ₹4,660 crore in the corresponding period of the preceding year, as reported by NDTV Profit and Rediff Moneynews. Signature Global sold 680 units in the first half of this fiscal year, down from 1,338 units in the year-ago period. The sustained decline reflects the challenging housing market conditions in Gurugram over the past year, with property consultants noting that housing demand has declined over the last year after being very strong from 2022 to mid-2025, driven by pent-up demand post-COVID.
According to property consultants cited by NDTV Profit and Rediff Moneynews, housing demand in Gurugram has declined over the last year, with sales being very strong from 2022 to mid-2025, driven by pent-up demand post-COVID. Pradeep Kumar Aggarwal, Chairman of Signature Global, acknowledged the challenging environment while highlighting positive developments. He noted that the second quarter marked strong execution and financial progress, with collections rising significantly during the quarter, reflecting sustained customer confidence in the company's projects. As reported by Rediff Moneynews, Aggarwal emphasized the company's strong liquidity position gives financial strength and flexibility to pursue opportunities, with a clear growth roadmap and focus on disciplined execution.
As reported by NDTV Profit and Rediff Moneynews, Signature Global entered the thriving micro-market of Gurugram West with an ultra-luxury farmhouse villa destination in the September quarter. The company recently added 194.22 acres in Farrukhnagar, Gurugram to its land bank through a combination of acquisitions and collaboration arrangements. These land parcels carry an estimated development potential of around 6.77 million sq ft. The company has set a target to achieve ₹10,000 crore in sales bookings for the current fiscal, up from ₹8,250 crore in the last fiscal year, with Rediff Moneynews noting that Signature Global is one of the country's leading real estate developers having delivered around 20 million sq ft.
