Real estate major Signature Global -- which has reported a sharp 48 per cent jump in its net profit for fourth quarter of FY25 -- on Friday said it was mulling launching five projects in the National Capital Region this financial year, notwithstanding the “nationwide labour shortage” which the firm said has led to adoption of innovative technologies like pre-cast concrete material to complete projects in time. The new projects are likely to cost ₹17,000 crore. The company is also looking at collections worth ₹6,000 crore in FY26, up from ₹4,400 crore achieved in FY25.

Elan The Emperor is part of Elan Group’s 50 acre – integrated township, designed to be a future forward ecosystem of luxury living. The Construction contract for Elan The Emperor covers nearly 5 million sq. ft. of built-up area. “Partnering with Leighton Asia once again reinforces our commitment to collaborate with the finest global expertise in delivering excellence at every level,” said Rakesh Kapoor, Chairman, Elan Group. The group has already tied up with architects, urban designers and construction experts including UHA London, SWA Group, WET Design, HBA (Hirsch Bedner Associates), CD+M Lighting Design Group, Mero Contractors, DSA Engineering, LERA and Thornton Tomasetti.

Signature Global on Thursday reported a 48 per cent increase in its consolidated net profit to Rs 61.12 crore for the latest quarter ended March. Its net profit stood at Rs 41.25 crore in the year-ago period. Total income declined to Rs 570.43 crore in the fourth quarter of the last fiscal from Rs 722.73 crore in the year-ago period. During the 2024-25 fiscal, Signature Global's net profit jumped multifold to Rs 101.2 crore, from Rs 16.32 crore in the preceding year. Total income grew to Rs 2,637.99 crore in the last fiscal from Rs 1,324.55 crore in the 2023-24 financial year.

Commenting on the company's performance, Signature Global Chairman Pradeep Kumar Aggarwal said: "The fiscal year 2024-25 has proven to be exceptionally successful across all facets of our business operations, including pre-sales, revenue, collections, and profit after tax. We have exceeded the annual targets...