Realty company Signature Global witnessed a significant drop in sales bookings during the December quarter, a period known for high housing demand. The Gurugram-based firm reported a 27% decrease in sales bookings to Rs 2,020 crore compared to Rs 2,770 crore in the same quarter last year. This decline was reflected in the sale of 408 housing units, down from 1,518 units sold a year ago.
The sales bookings in terms of area also saw a decline from 2.49 million square feet to 1.44 million square feet in the year-ago period. Despite the festive season usually boosting real estate sales in the October–December quarter, Signature Global did not attribute any specific cause for the slowdown in its recent filing. One potential reason for the lower figures could be the timing of project launches, with a major housing project on Dwarka Expressway being introduced only towards the end of December, potentially limiting sales during the quarter.
For the first nine months of the current financial year, Signature Global’s sales bookings fell by 23% to Rs 6,680 crore, compared to Rs 8,670 crore in the same period last year. The company sold 1,746 units during this period, a decrease from 3,539 units sold a year earlier. Chairman Pradeep Kumar Aggarwal noted the company’s strong performance in the first nine months of FY26, driven by consistent demand in key micro-markets. He highlighted the positive response to the launch of Sarvam, a wellness-focused premium project at DXP Estate on Dwarka Expressway, indicating evolving buyer preferences.
In the previous financial year, Signature Global recorded sales bookings of Rs 10,290 crore, positioning it as the fifth-largest listed real estate developer by sales. Looking ahead to the current fiscal year 2025–26, the company aims for sales bookings of Rs 12,500 crore. To achieve this target, Signature Global will need to secure sales of nearly Rs 6,000 crore in the ongoing quarter.
