Signatureglobal (India) Limited

Signatureglobal is a prominent real estate development company in the National Capital Region of Delhi (Delhi NCR) in the affordable and lower mid segment housing in terms of units supplied (in the below Rs 80 lakh price category) between 2020 and the quarter ended March 31, 2023, with a market share of 19%.

The company had started its operations in 2014 and it has grown over the years and in less than a decade it has sold 27,965 residential and commercial units within the Delhi NCR region, with an aggregate saleable area of 18.90 million square feet. The company’s sales (net of cancellation) have grown at a compounded annual growth rate (CAGR) of 42.46%, from Rs 1690.27 crore in fiscal 2021 to Rs 3430.58 crore in fiscal 2023. As of March 31, 2023, the company has sold 25,089 residential units with an average selling price of Rs 36 lakh per unit.

The company has strategically focused on the Affordable Housing (“AH”) segment and the Middle Income Housing (“MH”) segment through Government of India and state government policies. Moreover, all of their projects have been, and are being, undertaken under the affordable housing project (AHP) or Deen Dayal Jan Awas Yojana affordable housing project AHP.

In terms of sales in Gurugram, the company has a market share of 31% in the affordable and lower mid segment, and a market share of 24% in all budget categories, in the period from 2020 to March 2023. The company in its red herring prospectus stated that most of its completed projects, ongoing projects and forthcoming projects are located in Gurugram and Sohna in Haryana and the details are given below in the table: