He asserted that there was no “bubble” in the Gurugram housing market and also ruled out any price crash.

However, Aggarwal said the pace of growth in average housing prices will now moderate at 8-10 per cent. The weighted average prices have appreciated by more than 100 per cent since 2020, he pointed out.

“There is no speculation and bubble in the Gurugram residential market. There is a genuine demand from end-users and investors,” he told reporters on the sidelines of an event organised by Assocham and CBRE.

He was replying to a query related to concerns about possible crash in housing demand and prices in the Gurugram market.

Aggarwal highlighted that around 60 per cent of the demand comes from end-users and then there are local investors and NRIs who are buying for rental income and capital appreciation.

Steady demand and a reasonable growth in prices are essential elements for healthy growth of the market, the Chairman said.

“We sold 4,000 units last fiscal. The request for cancellation of housing units and for transfer of property in another name was less than 5 per cent. This shows that there is minimal or no speculation,” Aggarwal said.

He said the maximum demand in Gurugram is for Rs 2-4 crore per unit category, but luxury and ultra luxury segments have also been performing well.

Aggarwal said the Gurugram is one of the most important office markets in the country and the city hosts many multi-national companies. This has resulted in rise in demand for residential properties.

He also observed that many families from Delhi have moved to Gurugram in the last 2-3 years for better lifestyle.

Over the last two years, many developers, including realty major DLF, have reported complete sell-out of their entire residential projects within a few days of their launches.

According to data analytic firm PropEquity, the Gurugram housing market witnessed sales of nearly Rs 1.07 lakh crore in 2024 as against Rs 64,314 crore in the preceding calendar year.

The post No bubble in Gurugram housing market; steady demand from end-users, investors: Signature Global appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

Signature Global emerged as the fifth largest listed real estate firm during 2024-25 fiscal in terms of sales bookings by achieving record pre-sales of Rs 10,290 crore.

The Gurugram-based company has given a guidance of clocking Rs 12,500 crore worth pre-sales or sales bookings in the current fiscal.

“We are confident of achieving the target of Rs 12,500 crore sales bookings in the current fiscal,” Signature Global Chairman Pradeep Kumar Aggarwal said.

He said the company has a strong launch pipeline in Gurugram for the remaining period of this fiscal year.

Aggarwal noted that the housing demand continues to be strong especially for the companies having a good track record of executing projects on time.

During April-June quarter, the company reported a 15 per cent decline in sales bookings to Rs 2,640 crore from Rs 3,120 crore in the year-ago period.

The company sold 778 homes in April-June 2025, as against 968 units in the year-ago period.

In terms of volumes, the pre-sales dipped 20 per cent to 16 lakh square feet.

During the June quarter, the average sales realization stood at Rs 16,296 per sq ft, as against Rs 12,457 per sq ft in the entire last fiscal.

Recently, Signature Global announced plans to raise Rs 875 crore through issue of non-convertible debentures to refinance debt and expand business.

Signature Global posted a net profit of Rs 101.2 crore last fiscal, a sharp jump from Rs 16.32 crore in the preceding year.

Its total income grew to Rs 2,637.99 crore in the last fiscal, from Rs 1,324.55 crore in 2023-24.

Since inception, Signature Global has delivered 13.5 million sq ft of housing projects and has a strong pipeline of about 21.6 million sq ft of saleable area in upcoming projects, along with 46.38 million sq ft of ongoing projects, targeted for completion within the next 2-3 years.

The post Signature Global confident of ₹12,500 cr pre-sales target in FY26: Chairman appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.