Golden Growth Fund (GGF), a leading Category 2 Alternate Investment Fund (AIF), announced the start of construction for its new luxury residential project in Anand Niketan, South Delhi. This prestigious development, in partnership with Grovy India Limited, represents a major milestone in GGF’s strategy to enhance luxury living in one of Delhi’s most exclusive neighbourhoods.
The Anand Niketan project involves redeveloping prime land into an ultra-luxury residential complex, featuring just four expansive dwelling units across approximately 17,000 square feet. Each residence is meticulously designed to offer modern, sophisticated living spaces that meet the highest standards of luxury and comfort.
This initiative is a key part of GGF’s broader strategy to acquire and develop premium land parcels in South Delhi into exceptional residential properties. With fully developed surrounding infrastructure and minimal sale uncertainty, this project is expected to generate potential sales of Rs 65 crore.
The luxury real estate market in Delhi, specifically within Category A colonies, represents a substantial opportunity, with a market size exceeding Rs 2 lakh crores. Golden Growth Fund is strategically targeting these high-value areas, focusing on acquiring and redeveloping prime land parcels to cater to the increasing demand for upscale living spaces.
Recently, GGF secured Rs 25 crore in the first closing of the fund for this project, signaling strong investor confidence. Additionally, the fund has launched a new Rs 400 crore commitment, with Rs 40 crore already received. The remaining funds are expected to close within the next 18 months, reflecting robust support from the investment community.
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