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Informist, Wednesday, Sept. 9, 2026

 

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--Chairman: Signatureglobal to enter Delhi with capital's redevelopment plan
--CONTEXT: Signatureglobal Chairman Aggarwal on plans beyond NCR
--CONTEXT: Government has announced Delhi redevelopment plan 2047
--Chairman: Signatureglobal might allocate 50% FY27 capex for Delhi
--Chairman: Signatureglobal got proposals for townships in non-NCR market
--Chairman: Signatureglobal might mull asset-light model in non-NCR cities

 

By Astha Oriel 

 

NEW DELHI – National Capital Region-based real estate major Signatureglobal (India) Ltd. plans to enter Delhi's real estate market with Delhi Redevelopment plan 2047, Chairman Pradeep Aggarwal told Informist Tuesday. Aggarwal, who also serves as the chairman of the National Council on Real Estate, Housing and Urban Development for the Associated Chambers of Commerce and Industry of India, said the company might allocate more than 50% of the capital expenditure for the financial year 2026-27 (Apr-Mar) if their plan succeeds. 

 

"...so we have a lot of land banks in Gurugram. If we get an opportunity in Delhi in future, we will try to allocate more than 50% (capital expenditure) here, but these are subjective numbers. It is not conclusive numbers because there is an opportunity," Aggarwal said on the sidelines of the National Conference on Real Estate for Viksit Bharat. The real estate company has a presence in Gurugram, Sohna, Ghaziabad, Greater Noida, and Dharuhera. "...but both the markets (Delhi and Gurugram) are very big for us." 

 

In the June quarter earnings conference call with analysts, the company had said that it plans to have INR 15 billion-INR 18 billion as land capex for FY27. Elaborating on Signatureglobal's Delhi foray, Aggarwal said there are more than 5,000 societies with condition at very different levels. The company is keeping two options open, according to Aggarwal. "First, for existing residents, we can relocate them to another location and redevelop the existing building, subsequently handing the redeveloped units back to them. Second, we can offer them units in existing projects within our group in Gurugram, allowing residents to shift there, vacate the existing building, and enable us to undertake its redevelopment," Aggarwal said, adding that the company is aggressively identifying and engaging with societies that could be taken up for redevelopment.

 

Through the Delhi Redevelopment plan, the government aims to develop around four million new affordable housing units in the capital. 

 

BEYOND NCR

 

Notably, the company is also planning to expand beyond the National Capital Region. In the analyst conference call, the management had said the company is focusing on low-rise, large format developments on land parcels of 100- to 150-odd acres outside of Delhi NCR. This has worked well in Gurugram, the management added.  

 

While Aggarwal didn't disclose the region where Signatureglobal plans to enter, he said the company has pioneered the development of two large townships spread across 125–150 acres in Gurugram. No other developer had undertaken something similar at the time. 

 

"We have seen very strong demand for these townships. Following the success of this model, we have received several proposals from across India involving large land parcels of around 100 acres, including from major corporates. They have seen the model and recognised its potential for monetisation. There are several proposals currently on the table, but as a listed company, much of this information is price-sensitive," Aggarwal said.

 

The company might consider an asset-light model rather than directly acquiring the land while entering new cities, Aggarwal said. This will be a direct contrast to the company's practice at its home turf in Gurugram. "Our model works both ways. In Gurugram, we have largely followed an asset-heavy approach, where we own around 90–95% of the land. However, when entering a new city, we would be more cautious and may consider an asset-light model rather than directly acquiring the land. The approach will depend on the market and the specific opportunity."

 

For the June quarter, the company reported a consolidated net profit of INR 165.29 million on revenues of INR 5.52 billion. Wednesday, shares of the company closed flat at INR 786.80 on the National Stock Exchange. End

 

Edited by Deepshikha Bhardwaj

 

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