Golden Growth Fund (GGF), a category II Alternative Investment Fund (AIF) focused on premium real estate in South Delhi, and Grovy India, a BSE-listed real estate developer, have invested Rs 180 crore across three residential projects in South Delhi. The projects have a combined sales potential of approximately Rs 240 crore.
The investments cover two projects in Anand Niketan and Neeti Bagh, with a third planned in another Category A colony to be announced in the coming months. The total development area spans nearly 70,000 sq. ft. Construction at Anand Niketan began in January 2025, while work at Neeti Bagh is scheduled to start in June.
“These investments in South Delhi reiterate our commitment to developing and delivering not just high-quality projects but also ensure a safe and stable 20%+ IRR to our investors,” said Ankur Jalan, CEO of Golden Growth Fund. “The non-volatile nature of the South Delhi real estate market has led to increased investment with discerning buyers looking to invest in upscale neighbourhoods with homes that offer state-of-the-art amenities and privacy,” he added.
South Delhi’s real estate market, particularly in Category A colonies, continues to see steady growth and redevelopment. The region includes around 18,500 privately owned residential plots, with a current estimated market value of Rs 5.65 lakh crore. Plot prices in Category A colonies range between Rs 7-15 lakh per sq. yard.
GGF, launched in September 2024, is the only AIF exclusively focused on South and Lutyens’ Delhi, aiming to raise Rs 400 crore for real estate acquisitions in these areas. Grovy India, established in 1985, has completed over 100 high-end residential projects in South Delhi and brings extensive on-ground experience to the partnership.
With demand for luxury homes in prime Delhi neighbourhoods holding firm, the Golden Growth Fund and Grovy India’s bet on South Delhi underscores a broader investor confidence in the area's stability and long-term value.
