BAJAJ BROKING

Notification close image
No new Notification messages
card image
Smartworks Coworking Spaces IPO is Open!
Apply for the Smartworks Coworking Spaces IPO through UPI in just minutes.
delete image
card image
Start your SIP with just ₹100
Choose from 4,000+ Mutual Funds on Bajaj Broking
delete image
card image
Open a Free Demat Account
Pay ZERO maintenance charges for the first year, get free stock picks daily, and more.
delete image
card image
Trade Now, Pay Later with up to 4x
Never miss a good trading opportunity due to low funds with our MTF feature.
delete image
card image
Track Market Movers Instantly
Stay updated with real-time data. Get insights at your fingertips.
delete image

Signature Global Acquires 14.65 Acres in Gurugram for ₹350 Cr

Listen to our Podcast: Grow your wealth and keep it secure.

0:00 / 0:00

Synopsis:

Signature Global acquires 14.65 acres in Gurugram for ₹350 Cr, and plans a 27 lakh sq ft luxury residential project. Targets ₹10,000 Cr sales in 2024-25, with a 38% increase. It achieved ₹7,268 Cr in sales last year, with a 5x jump in net profit.

Signature Global News Today

Signature Global, a leading real estate firm, has acquired 14.65 acres of land in Gurugram's Sector 37D near Dwarka Expressway for approximately ₹350 crore. This acquisition aligns with the company's expansion strategy for developing a housing project in the area.

ExploreSignatureglobal India Ltd Share Price

Development Plans

The purchased land is intended for the development of a residential project spanning 27 lakh square feet, tapping into the demand for luxury residences in Gurugram. The company aims to launch this project by 2025-26, solidifying its presence in the luxury housing segment.

Financial Performance

In the fiscal year 2023-24, Signature Global witnessed substantial growth in its sales bookings, surpassing ₹7,268 crore, marking a significant increase from ₹3,430 crore in the previous year. The company sold 4,619 units, reflecting a steady sales volume.

Additional Read:  Share Market News

Profit Surge

The company reported a remarkable five-fold surge in its consolidated net profit, reaching ₹41.21 crore for the quarter ended March, attributed to increased income. Total income for the fiscal year amounted to ₹722.73 crore, showcasing a healthy financial performance.

IPO Success

Signature Global's success extends to its IPO launched in September last year, which raised ₹730 crore. The public issue, oversubscribed by 11.88 times, reflects investor confidence in the company's growth prospects and strategic initiatives.

Future Outlook

With a portfolio of 48.6 million square feet, including ongoing and forthcoming projects, Signature Global is poised for continued expansion and market dominance in the Delhi-NCR region. The company remains committed to delivering value to its stakeholders while meeting the evolving needs of homebuyers.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

Share this article: 

Read More Blogs

Disclaimer :

The information on this website is provided on "AS IS" basis. Bajaj Broking (BFSL) does not warrant the accuracy of the information given herein, either expressly or impliedly, for any particular purpose and expressly disclaims any warranties of merchantability or suitability for any particular purpose. While BFSL strives to ensure accuracy, it does not guarantee the completeness, reliability, or timeliness of the information. Users are advised to independently verify details and stay updated with any changes.

The information provided on this website is for general informational purposes only and is subject to change without prior notice. BFSL shall not be responsible for any consequences arising from reliance on the information provided herein and shall not be held responsible for all or any actions that may subsequently result in any loss, damage and or liability. Interest rates, fees, and charges etc., are revised from time to time, for the latest details please refer to our Pricing page.

Neither the information, nor any opinion contained in this website constitutes a solicitation or offer by BFSL or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service.

BFSL is acting as distributor for non-broking products/ services such as IPO, Mutual Fund, Insurance, PMS, and NPS. These are not Exchange Traded Products. For more details on risk factors, terms and conditions please read the sales brochure carefully before investing.

Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

[ Read More ]

For more disclaimer, check here : https://www.bajajbroking.in/disclaimer

Our Secure Trading Platforms

Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading

Bajaj Broking App Download

10 lakh+ Users

icon-with-text

4.2 App Rating

icon-with-text

4 Languages

icon-with-text

₹5600+ Cr MTF Book

icon-with-text
banner-icon

Open Your Free Demat Account

Enjoy low brokerage on delivery trades

+91

|

Please Enter Mobile Number

Open Your Free Demat Account

Enjoy low brokerage on delivery trades

+91

|