Signature Global Reports 20% Drop in FY26 Pre-Sales Amid Gurugram Housing Slowdown
Signature Global FY26 pre-sales down 20pc to ₹8,220cr amid slow demand in Gurugram housing mkt
Mint
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Signature Global Ltd, a prominent real estate developer in India, experienced a 20% decline in pre-sales to ₹8,220 crore for FY26, down from ₹10,290 crore the previous year. The company attributed this drop to sluggish housing demand in Gurugram, Haryana, with a notable decrease in sales volume and area.
- 01Pre-sales fell 20% to ₹8,220 crore in FY26.
- 02Sales bookings in Q4 FY26 declined 5% to ₹1,540 crore.
- 03The company sold 2,114 homes, nearly half of the previous year's sales.
- 04Average sales realization increased to ₹15,250 per sq ft.
- 05Signature Global is expanding into commercial real estate with a ₹7,500 crore investment.
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Signature Global Ltd, a leading real estate firm in India, reported a 20% decline in pre-sales for the fiscal year 2025-26, totaling ₹8,220 crore compared to ₹10,290 crore in FY25. The slowdown in the housing market in Gurugram, Haryana, significantly impacted sales, with the company selling only 2,114 homes, a steep drop from 4,130 units the previous year. In the fourth quarter, pre-sales decreased by 5% to ₹1,540 crore, down from ₹1,620 crore in the same period last year. Despite the decline in volume, the average sales realization rose to ₹15,250 per sq ft due to increased sales in the premium segment and price hikes across key areas. Looking ahead, Signature Global is venturing into commercial real estate through a joint venture with RMZ Group, planning to invest ₹7,500 crore in an 18-acre project. The company aims to maintain focus on execution excellence and prudent capital allocation while expanding its presence in high-growth markets.
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The slowdown in housing demand may lead to fewer housing options and potentially higher prices in the Gurugram market, affecting homebuyers.
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