Signature Global’s Q4 Sales Bookings Fall Sharply by 61% to ₹1,620 Crore

Signature Global, a major real estate company in India, reported a big drop in its sales bookings for the fourth quarter (Q4) of the financial year. The company said its sales fell by 61%, going down to ₹1,620 crore compared to the same period last year.

Last year in Q4, Signature Global had reported sales bookings of around ₹4,000 crore. This year, the company sold fewer housing units and earned less money from new projects. Company officials explained that delays in project launches and changes in buyer demand affected their sales during this quarter.

Despite the fall, Signature Global said it is still focused on growing its business in the affordable housing market. The company plans to launch new projects in the coming months to attract more homebuyers. It also aims to improve customer experience and speed up the delivery of ongoing projects.

In a statement, the company said that although the Q4 numbers were lower, the full-year performance still showed positive signs. Over the entire financial year, Signature Global managed to reach a total booking value of ₹5,000 crore, which marks a 25% rise from the previous year.

The company believes that the demand for affordable and mid-income housing remains strong, especially in areas like Gurugram and the Delhi-NCR region. Signature Global plans to continue building homes that match the needs and budgets of middle-class families.

Experts in the real estate industry say that temporary drops in sales can happen due to market conditions, project timelines, or changes in customer interest. They believe that if Signature Global sticks to its plans and delivers quality housing, the company can bounce back in the next few quarters.

The company remains hopeful and confident about future growth, and it plans to launch several new residential projects in key locations across North India.