Signature Global just got themselves a massive 26-acre piece of land in Gurugram: On Monday, the real estate company Signature Global announced that they’ve bought a big piece of land, about 25.75 acres, in Gurugram. They plan to use it for a housing project, but they didn’t tell us how much they paid for it or who sold it to them.
Signature Global made it official in a document they filed with the government. They’ve bought a piece of land measuring around 25.75 acres in Gurugram at a place called Fazilpur, Haryana.
They want to build a group of houses there. They also mentioned that this land has the potential to become about 3.25 million square feet of living space.
Just last month, Signature Global made its first move to become a publicly traded company by selling some of its shares to the public.
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They aimed to raise Rs 730 crore through this. And guess what? People were interested in buying their shares – they got almost 12 times more requests than what they were selling.
In the first half of this year, Signature Global, the real estate company, also saw a significant increase in their sales. They made Rs 1,861.39 crore from selling homes, which is 38 percent more than what they earned in the same period last year.
A year ago, Signature Global was doing well with sales worth Rs 1,353 crore. But now, things have improved for them.
Signature Global is a company supported by big investors like HDFC and IFC. They’ve already built more than 6 million square feet of space and are currently working on projects that cover an area of 17.21 million square feet.
Plus, they have plans for the future – they’ve got a pipeline that includes around 21.29 million square feet of space they can sell.
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