Signature Global commits Rs 1,200-1,500 crore for land acquisitions in FY27

Synopsis Signature Global will spend Rs 1,200-1,500 crore on land acquisitions this fiscal year. This is double its previous spending. The real estate market slowdown has made land prices more attractive. The company aims to acquire large land parcels for integrated township projects. It is also looking for land in Delhi. Signature Global expects pre-sales of Rs 10,000 crore in FY27. New Delhi: Listed realty developer Signature Global has earmarked Rs 1,200-1,500 crore for land acquisitions this fiscal year, double its spending in FY26, as a slowdown in the real estate market has made prices more attractive. The company spent around Rs 600-700 crore on land purchases in FY26, below its Rs 1,000 crore target, as high land prices after a sharp rise in housing sales made acquisitions expensive. “Last year, landowners were asking for exorbitant prices as Gurgaon had seen decent appreciation in property prices the year before. But the market has slowed down since then, and the same landowners are becoming more reasonable now, which will help us with a few acquisitions this year,” chairman Pradeep Kumar Aggarwal said. Also Read: Anant Raj signs MoU with Haryana to invest Rs 20,000 crore in data centres Signature Global has reduced its net debt to less than a fourth at Rs 200 crore in FY26 from Rs 880 crore in FY25. Live Events Profit after tax rose to Rs 1,090 crore in FY26 from Rs 101 crore the year before. Revenue increased to Rs 2,600 crore from Rs 2,500 crore. “We will try to acquire large land parcels for integrated township projects on the lines of our projects in Sohna and Manesar. In addition to this, we are actively looking for land in Delhi…with the TOD (transit-oriented development) policy in place, we should soon venture into the national capital,” Aggarwal said. As of March 31, the company held Rs 2,770 crore in cash and cash equivalents, providing liquidity to support its future growth plans. Collections totalled Rs 4,010 crore last fiscal year. The company’s pre-sales during FY26 were Rs 8,250 crore, while average sales realisation improved to Rs 15,250 per sq ft from Rs 12,457 in FY25, driven by higher sales in premium markets and price increases across key regions. “We have reported decent growth and the balance sheet is strong now. The RMZ deal has helped us maintain cash flow,” Aggarwal said. The company expects pre-sales of Rs 10,000 crore in FY27. “We will launch projects worth Rs 15,000 crore in FY27 and should be able to sell 40% of them, achieving Rs 6,000 crore in pre-sales. The remaining Rs 4,000 crore is expected to come from already launched inventory,” Aggarwal said. Also Read: Heatwave and holidays drive 15-20% sales surge for mall retailers Recently, Signature Global inked a pact with Italian lifestyle brand Tonino Lamborghini to develop a premium residential project in Sector 71, Gurugram. This marks Tonino Lamborghini’s entry into India’s residential real estate market. Spread across 12.40 acres, the development will feature 812 premium residences in 3, 4 and 4.5 BHK configurations. The developer is expected to undertake more branded residential projects. “We have changed our strategy and will focus more on branded residences. Talks are already at an advanced stage,” Aggarwal said. (You can now subscribe to our Economic Times WhatsApp channel) (Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online. ...moreless (You can now subscribe to our Economic Times WhatsApp channel) (Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online. ...moreless