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Golden Growth Fund (GGF), a leading Category 2 Alternate Investment Fund (AIF), has successfully secured Rs 25 crore in its first funding round, which concluded in mid-August. This initial capital infusion will be used to acquire a prime land parcel in South Delhi, marking a significant milestone for GGF. The acquisition is the first project under GGF’s strategic plan to develop high-end residential properties in the region, further supported by Grovy India Limited, which has completed over 100 real estate developments in Delhi.
Ankur Jalan, CEO of Golden Growth Fund, stated, "This first closing of the fund is a significant step forward in our mission to transform the luxury real estate landscape in Delhi. Our commitment to acquiring and developing premium land parcels in South Delhi is now being realized, and we anticipate that our ongoing funding efforts will further solidify our position as a leader in the market."
Golden Growth Fund distinguishes itself in the field of alternative investment funds by focusing exclusively on real estate opportunities in the Delhi region, particularly in South and Lutyens' Delhi. As a Category 2 AIF, GGF operates under the regulatory oversight of SEBI, ensuring a high level of transparency and security for its investors.
Notably, Golden Growth Fund's focus on brownfield projects offers a distinct advantage over other realty funds, which primarily target greenfield developments. GGF’s project turnaround time is anticipated to be between 15-18 months, significantly shorter than the 60-72 months typically seen in greenfield projects. Additionally, GGF's projects face no time escalation, construction cost escalation, or government regulation uncertainties, unlike the high risks associated with other realty funds. Furthermore, the infrastructure surrounding GGF’s projects is fully developed, reducing sale uncertainty and price volatility, which remain high in greenfield projects.
Golden Growth Fund is dedicated to transforming real estate fortunes in Delhi by equipping investors with actionable insights and flexible investment options. This commitment to transparency, coupled with a focus on high-end residential development in prime locations, positions GGF as a leader in the market.
The Rs 25 crore raised in the first closing is just the beginning, as GGF plans to close additional funding rounds in the coming months. This capital will be crucial in supporting GGF's ongoing and future projects, which aim to transform the luxury real estate market in South Delhi. With multiple proposals already in the pipeline, GGF is set to play a key role in reshaping the region's real estate landscape.
Looking ahead, Golden Growth Fund anticipates continued growth and expansion as it finalizes additional funding rounds and explores new investment opportunities. The leadership team, with decades of experience in real estate and investment management, is committed to executing its projects with precision and delivering superior value to its stakeholders. GGF’s strategic focus on acquiring and developing prime land parcels in South Delhi highlights its commitment to driving high returns for its investors while contributing to the transparency of the region's luxury real estate market.
