Pune: Real estate developer Signature Global (India) Ltd has successfully raised ₹8.75 billion through a private placement of Non-Convertible Debentures (NCDs) to the International Finance Corporation (IFC), a member of the World Bank Group.
Signature Global NCD Issue to Support Mid-Income and Green Housing Projects
The proceeds from the Signature Global NCD Issue will be used to develop mid-income and sustainable housing projects, with a portion allocated toward debt reduction.
Rated ‘A+’ by CareEdge Ratings, the NCDs are listed on the BSE and represent Signature Global’s first listed debt transaction, enhancing its position in the capital markets.
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The NCDs carry a tenure of 3 years, 2 months, and 30 days and will mature on January 15, 2029.
IFC’s Strategic Investment in Signature Global’s Sustainable Development
Commenting on the Signature Global NCD issue, Pradeep Aggarwal, Founder and Chairman of Signature Global, said, “The trust placed in us by an esteemed institution like IFC is a validation of our customer-first and transparent approach. Signature Global remains committed to creating high-quality, sustainable mid-income housing projects while embedding ESG principles across all our operations.”
India’s ongoing urbanization continues to drive demand for affordable housing. Estimates indicate that Tier 1 and Tier 2 cities will need over 18 million new units, with an additional 3 million required between 2022 and 2027.
According to Imad N Fakhoury, IFC’s Regional Division Director for South Asia, “Housing is a key foundation for India’s inclusive growth. IFC’s investment in Signature Global’s Daxin project aims to provide high-quality, mid-income homes while fostering sustainability and job creation in India’s urban centers.”
Signature Global NCD Issue: Strengthening ESG and Green Building Leadership
As part of the collaboration, IFC will provide GRIP (Greening Real Estate Investment Portfolios) advisory services to enhance Signature Global’s sustainability strategy.
The Daxin project will also pursue EDGE Advanced certification under the EU-supported Accelerating Climate-Smart and Inclusive Infrastructure in South Asia initiative.
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Signature Global currently leads India’s real estate sector in green building commitments, with 17 EDGE-certified projects.
The company’s ESG excellence was recognized by the Global Real Estate Sustainability Benchmark (GRESB), where it earned a score of 84 in its debut assessment, ranking among the top-performing first-time participants globally.
Signature Global NCD Issue: Expanding Project Pipeline and Market Presence
In FY 2024-25, Signature Global ranked as India’s fifth-largest listed developer by sales bookings, achieving pre-sales of ₹102.9 billion. It targets ₹125 billion in pre-sales for FY 2025-26.
As of Q1 FY26, the company’s project portfolio includes 17.1 million sq. ft. of recently launched developments, 9.2 million sq. ft. under construction, and 24.5 million sq. ft. of upcoming projects scheduled over the next three years.
