Signature Global Raises ₹875 Crore via NCDs to Fund Mid-Income, Sustainable Housing Projects

New Delhi, October 29, 2025: Real estate developer Signature Global (India) Ltd has announced that it has raised INR 875 crore through a private placement of Non-Convertible Debentures (NCDs) to International Finance Corporation (IFC), a member of the World Bank Group.

Signature Global will utilise the proceeds to develop mid-income and sustainable housing projects. A portion will also be utilised to reduce existing debt.

The NCDs, assigned ‘A+’ ratings by CareEdge Ratings, have already been listed on BSE and mark the first-ever listed debt transaction of Signature Global, strengthening the company’s capital market presence. The tenure of the NCDs is 3 years, 2 months and 30 days. The NCDs will mature on January 15, 2029.

Throwing light on the maiden debt raising exercise, Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd., said, “Ever since our inception, we have focused on key pillars of customer satisfaction, delivery and transparency. The faith reposed in us by an institution of repute like IFC is a testimony to our approach and direction. We are indeed grateful to IFC for their confidence in Signature Global Group. As an environmentally conscious developer, Signature Global is committed to delivering high-quality, sustainable mid-income housing projects, and to implementing robust ESG standards across all future projects.”

India’s rapid urbanization presents an opportunity to increase critical access to quality housing. It is estimated that Tier I and Tier II cities alone will require 18 million additional units, with projections for a further 3 million needed between 2022 and 2027.

Commenting on the investment, Imad N. Fakhoury, IFC Regional Division Director for South Asia, said, “Housing is a fundamental pillar for India’s progress, and expanding access is both an opportunity and an imperative for inclusive growth. Through IFC’s investment in the Daxin project of Signature Global, a long-standing partner, we aim to deliver high-quality, mid-income homes for families who need them most. In addition to supporting job creation and market competitiveness, this partnership will also help advance the company’s sustainability strategy. Together, we are contributing to stronger urban infrastructure and building resilient communities in India’s fast-growing cities.”