Real estate developer Signature Global is set to invest approximately ₹2,200 crore in a newly launched premium housing project named ‘Cloverdale’, located in Sector 71, Southern Peripheral Road (SPR), Gurugram. This strategic move aims to drive over 20% growth in pre-sales for the current fiscal year.
The ‘Cloverdale’ project will consist of 770 high-end apartments within an 8-acre area that forms part of a larger 22-acre development. The homes are priced between ₹4 crore and ₹7 crore, with the project targeted for completion by 2031.
Signature Global achieved ₹10,290 crore in pre-sales last year, ranking as the 5th largest listed real estate developer in terms of sales bookings. The company has now set an ambitious pre-sales target of ₹12,500 crore for this fiscal.
In addition to project investments, Signature Global plans to spend ₹4,000 crore during this fiscal for land acquisition and construction activities in Gurugram. Of this, around ₹2,500 crore will be specifically allocated to construction in 2025-26, up from ₹1,900 crore in the previous year.
The company recently announced plans to raise ₹875 crore through non-convertible debentures (NCDs). ₹450 crore from the raised amount will go toward refinancing existing debt, while the rest will support business expansion. The funds are expected to be secured by end-August, pending shareholder approval.
Signature Global, once known for affordable housing, has shifted focus to mid-income, premium, and luxury segments, in response to increasing land prices in Gurugram. Last fiscal, the company recorded a net profit of ₹101.2 crore, up from ₹16.32 crore, with total income growing to ₹2,637.99 crore.
Since its inception, Signature Global has delivered 13.5 million sq ft of residential projects and currently has 46.38 million sq ft under development, with another 21.6 million sq ft in the pipeline.
