Signature Global Shares Rise After Recording ₹2,700 Cr Worth Sales In Gurugram Property

Signature Global shares rose on Monday morning after the company recorded ₹2,700 crore worth of sales in its luxury property in Gurugram.

What Happened: Signature Global announced the launch of its premium residential project, Titanium SPR in Sector 71, Gurugram. The company said the project attracted sales of ₹2,700 crore till now as the allotment of apartments is ongoing. According to the company, the total sales figure is set to rise after finalisation of the allotment.

See Also: Why Brokerages Stay Bullish On Bharti Airtel Despite Smaller Tariff Hike Than Jio

Titanium SPR Sector 71 is a two-phase project and has a total sales potential area of 37 lakh square feet with the first phase having 21 lakh square feet and the second phase with the remaining land will be launched soon. The project is part of a land parcel with a sales potential of 1.7 crore square feet in Sector 71, Gurugram.

Boston Consulting Group (BCG) conducted and oversaw the entire processing ranging from Expression of Interest (EOI) to allotment, booking, and payment, the company said in the press release. 

Price Action: Shares of Signature Global gained 2.63% to ₹1,423.15 on Monday morning. 

Read Next: Titan Shares Volatile As Bangladesh Entry Investors Seem Unimpressed By Bangladesh Entry

Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Comments
Loading...
Posted In: EquitiesNewsMarketsMoversTrading IdeasSignature Global