Signature Global buys 2 land parcels in Gurugram totalling 10 acres for housing projects
New Delhi, July 6 (PTI) Realty Firm Signature Global has purchased two parcels of 10 acres of land to build housing projects in Gurogram.
Signature Global’s subsidiary company carried out two sales actions to buy lands that accept approximately 9.96 acres of areas in the Haryana Region Tehsil Sohn.
According to a recent regulatory file, there is approximately 0.53 million (5.3 lakh) feet square to the general potential sales area of these lands.
Last month, Signature Global President Pradeep Kumar Aggarwal said that the company will invest around La1,200-1,500 Crore to obtain land parcels as part of the expansion plan.
Global Signature Investment LaGuru, 48 acres of land in Haryana to buy the last financial year 1,070 Crore.
“Land is an important raw material for real estate developers. La1,200-1,500 Crore for the acquisition of these financial land parcels. ”
Signature Global, the fifth largest real estate developer listed, has emerged as the last financial in terms of sales reservations. La10.290 Crore.
Gurogram -based company gave a registration guidance LaThe current fiscal year ago is 12,500 crore.
Signature Global also increases construction activities in its ongoing projects.
The company will invest La2,500 crore in 2025-26, financial in construction activities LaPrevious financially 1,900 crore.
Recently, Signature announced its global upgrade plans La875 Crore with the problem of discussions that cannot be converted to finance and expand the work.
Signature Global started his job to develop affordable housing projects, but he shifted the focus on the focus on the middle income, premium and luxury segments due to the high land cost in Guru.
During the last financial year, the company has made a clear profit La101.2 Crore, a sharp jump La16.32 Crore in the previous year.
Total income increased La2,637.99 Crore in the last financial La1,324.55 Crore in 2023-24.
Since the beginning, Signature Global has presented a housing project of 13.5 million square meters in the next 2-3 years with 46.38 million square meters of projects aiming to be completed in the next 2-3 years and has a strong pipeline of approximately 21.6 million square meters.
