Gurugram-based real estate developer Signature Global reported a sharp year-on-year decline in sales bookings for the October–December quarter, a period typically marked by robust housing demand due to the festive season.
In a regulatory filing on Sunday, the company said sales bookings fell 27 per cent to ₹2,020 crore in the December quarter, compared with ₹2,770 crore in the corresponding period of the previous financial year. The number of housing units sold during the quarter plunged to 408, from 1,518 units a year earlier.
Measured by area, sales bookings declined to 1.44 million sq ft, down from 2.49 million sq ft in the year-ago quarter.
The October–December period is traditionally considered one of the strongest quarters for residential real estate sales, driven by festival-related buying. However, the company did not spell out any specific reason for the slowdown in its exchange filing.
Rolls Out New Projects
Industry observers point to the timing of new launches as a possible factor. Signature Global rolled out a major housing project on the Dwarka Expressway only toward the end of December, which may have curtailed sales momentum during the quarter.
For the first nine months of the current financial year, the company’s sales bookings declined 23 per cent to ₹6,680 crore, from ₹8,670 crore in the same period last year. Unit sales during this period also more than halved to 1,746 units, compared with 3,539 units a year ago.
Commenting on the performance, Chairman Pradeep Kumar Aggarwal said the company had delivered a healthy showing in the first nine months of FY26, supported by steady demand across its key micro-markets. He added that the launch of the wellness-focused premium project, Sarvam at DXP Estate on the Dwarka Expressway, had received an encouraging response, underlining evolving buyer preferences.
Signature Global had posted sales bookings of ₹10,290 crore in the previous financial year, ranking it as the fifth-largest listed real estate developer by sales. For the current 2025–26 fiscal, the company has guided for sales bookings of ₹12,500 crore, implying that it will need to clock close to ₹6,000 crore in sales in the ongoing quarter to meet its annual target.