The corporate’s gross sales bookings stood at ₹820 crore within the year-ago interval.
In line with a regulatory submitting, Signature International bought 968 models within the first quarter of this fiscal towards 894 models within the corresponding interval of the earlier yr.
When it comes to quantity, its gross sales bookings greater than doubled to 2.03 million sq. toes (sq ft) from 0.91 million sq ft a yr earlier.
Signature International Chairman Pradeep Kumar Aggarwal mentioned the corporate continues to experience on a excessive development trajectory, reaching sturdy pre-sales and assortment figures for the third consecutive quarter.
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“We ended the final fiscal yr on an distinctive word, exceeding our steerage by a considerable margin in each pre-sales and collections. This fiscal yr, we’ve set an bold goal of reaching ₹10,000 crore in pre-sales. Remarkably, within the first quarter alone, we’ve already surpassed 30 per cent of this goal,” he mentioned.
Aggarwal mentioned the corporate has obtained a robust response from clients for its premium residential initiatives, which had been launched in the previous few quarters.
Signature International bought properties price Rs 7,270 crore in 2023-24 and has set a gross sales bookings goal of Rs 10,000 crore for the present fiscal.
Nearly all listed realty companies have been performing very properly within the final two years, pushed by a surge in housing demand.
Submit-COVID pandemic, end-users and buyers have proven excessive curiosity in shopping for residential properties.
Gross sales have risen regardless of a pointy enhance in costs throughout the previous two years.
The Gurugram-based firm, which obtained listed on the inventory exchanges, has up to now delivered 10.4 million sq ft of housing space.
It has a sturdy pipeline of about 32.2 million sq ft of saleable space in its forthcoming initiatives and 16.4 million sq ft space in its ongoing initiatives.
Based in 2014, Signature International, has expanded its presence into mid-income, premium and luxurious housing segments.
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