Signature Global, a leading real estate developer in India, has been given a CARE A+ rating by CareEdge Ratings for its proposed ₹875 crore long-term Non-Convertible Debentures issue. The rating is based on the company’s strong sales and collection momentum, timely project deliveries, and consistent growth across residential and commercial segments. The company’s bookings and collections grew by 42% and 40% in FY25, respectively. The company’s debt obligations for FY26 are well-supported by collections, indicating a healthy liquidity position.
In a move that reinforces investor confidence and strengthens its financial credibility, Signature Global (India) Ltd, a prominent name in India’s affordable and mid-income housing segment, has received a CARE A+ rating for its upcoming ₹875 crore Non-Convertible Debenture (NCD) issue. The rating, assigned by CARE Ratings, signifies a strong degree of safety for timely servicing of financial obligations and reflects the company’s stable financial outlook.
Credit Rating and Its Importance
The CARE A+ (Stable) rating is a significant milestone for Signature Global as it plans to raise ₹875 crore through NCDs to support its ambitious expansion goals. According to the (Gurugram) the rating reflects the company’s robust project pipeline, healthy sales momentum, and improving financial leverage. Credit ratings play a crucial role in helping investors assess the risk level of debt instruments, and an A+ rating indicates low credit risk, boosting market trust.
Purpose of the ₹875 Cr NCD Issue
Signature Global has indicated that the proceeds from the NCD issue will be deployed towards funding ongoing and upcoming real estate projects, reducing debt, and strengthening the working capital base. This capital infusion comes at a critical time when the real estate market is seeing a resurgence in demand, particularly in the affordable housing sector. The funds will help fast-track developments in key regions including Gurugram, Sohna, and South Delhi extension corridors where the brand has a strong presence. Details about the company’s ongoing projects can be found on their (CARE Ratings)
Company Profile and Market Position
Listed on the stock exchanges in 2023, Signature Global has carved a niche for itself in the affordable and mid-income residential segment under the government’s PMAY (Pradhan Mantri Awas Yojana) and Deen Dayal Jan Awas Yojana initiatives. The company’s strong sales track record, timely project deliveries, and customer-centric policies have helped it maintain its leadership position in the NCR region. Its consistent performance has been recognized by various industry bodies, and it remains a key player driving home ownership for the middle class in urban India.
Industry Outlook and Strategic Growth
The NCD issue and corresponding credit rating come at a time when India’s real estate sector is undergoing structural shifts. With increasing urbanization, rising disposable income, and policy support, the demand for affordable and mid-income housing is poised for sustained growth 12% YoY increase in residential launches in Tier 1 cities, a trend Signature Global is leveraging. The company’s growth strategy includes geographic diversification, land acquisitions, and efficient project execution—factors that have been instrumental in securing this strong rating.
Conclusion
The CARE A+ rating for the ₹875 crore NCD issue marks a strong vote of confidence in Signature GlobalX’s operational and financial health. As the company channels these funds into scalable housing solutions, it reaffirms its commitment to inclusive urban development while boosting its position in India’s evolving real estate landscape.
Q1. What does the CARE A+ rating mean for Signature Global?
The CARE A+ (Stable) rating indicates a strong ability to meet financial obligations with low credit risk, enhancing investor confidence.
Q2. How much is Signature Global planning to raise through the NCD issue?
Signature Global plans to raise ₹875 crore through the Non-Convertible Debentures (NCDs).
Q3. What will the NCD funds be used for?
The funds will support project development, debt repayment, and working capital needs.
Q4. Where is Signature Global mainly operating?
The company operates primarily in the Delhi-NCR region, with a focus on Gurugram, Sohna, and nearby areas.
Q5. Why is this rating important for investors?
A high credit rating lowers perceived risk, making the NCDs more attractive to institutional and retail investors.
