Realty firm Signature Global is targeting to achieve zero net debt during the next fiscal year on healthy internal cash flow supported by strong consumer demand for its residential projects in Gurugram. The company has reduced its net debt in the October-December quarter to Rs 740 crore, from Rs 1,020 crore at the end of the second quarter of this fiscal year. "We will achieve zero net debt during...
Swiggy's main competitor, Zomato, previously operated its headquarters in the same building. However, the company vacated the premises in late 2018. Quick commerce company Swiggy has moved into a new office in Gurgaon. The announcement was made by Surendhar Kumar, the head of Administration and Procurement at Swiggy, via a LinkedIn post. “Just moved! Check out our new office at DLF – One Horizon,...
Due to its proximity to the Himalayan belt, Delhi NCR faces significant seismic risks, leading developers in the region to focus on the construction of earthquake-resistant projects. Real Estate News , Earthquake in Delhi NCR : In light of the recent 4.0 magnitude earthquake in Delhi NCR , discussions have been raised regarding the resilience of buildings in the region. The question, ‘Are these...
Real estate company Signature Global on Wednesday said it has awarded construction contracts worth Rs 567.37 crore to build its housing project in Sohna, Gurugram. The company has given Rs 482 crore contract to B L Gupta Construction (P) Ltd, while Shri Balaji has been given work worth Rs 85.37 crore for the project 'Daxin Vistas', the company said in a statement. B L Gupta Construction will construct...
Real estate development company Signature Global will continue to focus on the mid-income segment to drive growth in the upcoming quarter. Speaking to NDTV Profit, the company’s Chief Executive Officer Rajat Kathuria said Signature Global has been witnessing strong demand for its mid-income projects. "In FY25, our strategy was similar to earlier times, but very simple. If we create supply around...
Realty major Signature Global Limited has achieved its best-ever pre-sales of Rs 8670 crore in the first nine months of the financial year 2024-25, on strong housing demand. The Gurgaon-based real estate company also reported 260 per cent revenue growth to Rs 1980 crore in the April-December period of the ongoing fiscal year. In a release, the realty firm said, “Reports 260% Revenue Growth to INR 19.8...
Gurugram, a premier real estate market in India, experienced a significant increase in new project launches, reaching Rs 88,000 crore in calendar 2024, compared to Rs 45,000 crore in 2023, with developers concentrating on upmarket luxury projects featuring larger flats. According to Haryana RETA data, whilst 239 projects worth Rs 64,000 crore were launched in Gurugram in 2017, the number decreased to...
New Delhi, Feb 10 (PTI) Real estate company Smartworld Developers has awarded Rs 532 crore contract to Varindera Constructions for its upcoming project in Gurugram. In a statement on Monday, the company said it has awarded contracts worth about Rs 1,400 crore for its various projects in just six months. "For its upcoming iconic project, Smartworld Sky Arc, the company has awarded the construction...
