Real estate developer Signature Global has made a substantial investment to capitalise on the ongoing growth in the residential real estate sector, with a commitment of Rs 3,000 crore towards construction activities for various projects. It has also earmarked Rs 1,500 crore for acquiring land.

These initiatives aim to strengthen its portfolio and position in the competitive market. With a collection target of Rs 6,000 crore, the funds beyond construction, operational costs, and land acquisition would be utilised to reduce the company's debt, according to Pradeep Kumar Aggarwal, the company's chairman and whole-time director, revealed Signature Global's financial goals. This investment reflects Signature Global's outlook in the demand for residential properties, driven by factors such as urbanisation, favourable demographics, and government incentives.

Furthermore, Signature Global’s expansion efforts align with broader trends in India's real estate industry, where developers are focusing on mid-income and affordable housing segments to cater to the growing needs of the population. The company’s strategic land acquisitions and construction investments position it well to address these demands.

The company's allocation strategy underscores its commitment to long-term growth and financial stability.