In a regulatory filing, Signature Global said it sold 408 units during the October-December period of this fiscal year, compared to 1,518 units in the previous year period.In terms of area, sales bookings fell from 2.49 million square meters to 1.44 million square meters.
Real estate developers generally record better sales bookings in the October-December period due to festive demand.
Signature Global did not cite any reason for the decline in sales bookings during the third quarter.
The company launched a major housing project on the Dwarka Expressway only late last month. This could be one of the reasons for the decline in sales bookings. During the first nine months of this fiscal, Signature Global’s sales bookings fell 23 percent to Rs 6,680 crore from Rs 8,670 crore a year ago.
The company sold 1,746 units during the October-December period of fiscal 2025-26, compared to 3,539 units in the year-ago period.
Pradeep Kumar Aggarwal, Chairman, Signature Global, said: “We delivered healthy performance through the first nine months of FY26, driven by sustained demand in our targeted micro markets.”
The launch of a wellness-focused premium project, Sarvam at DXP Estate on Dwarka Expressway, generated encouraging response from customers, reflecting the changing preferences of buyers.
“Strong collections, better realizations and disciplined balance sheet management underline the strength of execution. Looking ahead, the current momentum and planned launches keep us broadly aligned with our guidance and support our longer-term growth plans,” said Aggarwal.
Signature Global achieved sales bookings of Rs 10,290 crore last fiscal, becoming the fifth largest listed real estate developer in terms of revenue.
The company has issued guidance for booking sales bookings worth Rs 12,500 crore in the entire financial year 2025-2026.
To achieve this target, Signature Global will have to sell properties worth nearly Rs 6,000 crore in the current quarter.
Signature Global has all the residential projects in the Gurugram market, which has been witnessing sluggish demand lately due to the sharp rise in prices post the COVID pandemic.
Until September last year, the company had completed 16 million square feet of real estate. PTI
#Highlighted #global #results #Bookings #home #sales