Real estate major Signature Global has announced an investment of approximately ₹2,200 crore to develop its new premium housing project ‘Cloverdale’ in Sector 71, Gurugram, along Southern Peripheral Road (SPR). The launch is part of the company’s strategic plan to expand its footprint and achieve over 20% growth in pre-sales this fiscal.
The Cloverdale project spans 8 acres—part of a larger 22-acre development—and offers 770 luxury apartments priced between ₹4 crore to ₹7 crore. Completion is scheduled for 2031.
Signature Global, which posted ₹10,290 crore in pre-sales last fiscal, is now targeting ₹12,500 crore for FY2025-26, further cementing its position as the 5th largest listed real estate developer in India by sales bookings.
The developer is set to invest ₹4,000 crore this year across land acquisitions and construction, up from ₹1,070 crore spent last year acquiring 48 acres in Gurugram. Construction investment alone will rise to ₹2,500 crore in FY26 from ₹1,900 crore previously.
To fund expansion and refinance existing debt, Signature Global recently received board approval to raise ₹875 crore via non-convertible debentures (NCDs). Of this, ₹450 crore will go toward debt refinancing, and the balance will support business growth. Fundraising is expected to be completed by August, subject to shareholder approval.
Once focused on affordable housing, Signature Global has strategically shifted toward the mid-income, premium, and luxury segments, driven by the high cost of land in Gurugram. The company reported a net profit of ₹101.2 crore in FY25, up sharply from ₹16.32 crore the previous year, with total income nearly doubling to ₹2,637.99 crore.
Since inception, Signature Global has delivered 13.5 million sq ft of housing and holds a robust pipeline of 21.6 million sq ft in upcoming projects and 46.38 million sq ft of ongoing developments, all set for completion within the next 2–3 years.
