Golden Growth Fund Invests Rs 180 Crore in South Delhi's Premium Real Estate
Golden Growth Fund (GGF) and Grovy India are set to invest Rs 180 crore in three premium real estate projects in South Delhi, including Anand Niketan and Neeti Bagh. These projects, covering 70,000 sq. ft., aim to capitalize on the area's stable market and excellent connectivity.
Golden Growth FundReal Estate InvestmentSouth DelhiPremium Real EstateAlternative Investment FundReal EstateMay 29, 2025
The investment in these projects is driven by the non-volatile nature of the South Delhi real estate market, which has attracted discerning buyers looking for upscale neighborhoods with state-of-the-art amenities and privacy. Additionally, the excellent connectivity to the airport and prime office destinations in Delhi-NCR further enhances the attractiveness of the area.
Construction on the project in Anand Niketan commenced in January 2025, while the project in Neeti Bagh is expected to begin next month. Ankur Jalan, CEO of Golden Growth Fund, highlighted the market's stability and the strategic advantage of investing in South Delhi. “The non-volatile nature of the South Delhi real estate market has led to increased investment with discerning buyers looking to invest in upscale neighborhoods with homes that offer state-of-the-art amenities and privacy. To add to it, excellent connectivity to the airport and prime office destinations in Delhi-NCR makes it a lucrative destination,” Jalan said.
South Delhi is home to around 18,500 privately owned residential plots, categorized by the MCD into A, B, C, and other categories. The current market value of these plots is estimated at Rs 5.65 lakh crore, presenting a significant opportunity for project development. The average price of plots in Category A colonies ranges from Rs 7-15 lakh per sq. yd., while the average price in Category B colonies ranges from Rs 6-12 lakh per sq. yd.
GGF launched a real estate-focused AIF in September 2024 with a commitment to raise Rs 400 crore to acquire land in South and Lutyens Delhi. The Fund has received a very good response, and Jalan emphasized GGF's first-mover advantage in this vast landscape. “The Fund has received a very good response. GGF is the only fund that is focused on the South Delhi real estate market, and that gives us the first-mover advantage in this vast landscape of South and Lutyens Delhi,” he added.
Grovy India Limited, established in 1985, has a long history of developing and delivering over 100 luxury projects in South Delhi. This experience and expertise will be crucial in ensuring the success of the new projects. The investment by GGF and Grovy India is expected to further boost the real estate market in South Delhi, making it an even more attractive destination for both investors and homebuyers.
Frequently Asked Questions
What is the total investment amount for the South Delhi real estate projects?
The total investment amount for the three South Delhi real estate projects is Rs 180 crore.
Where are the projects located?
The projects are located in Anand Niketan and Neeti Bagh, with a third project planned in another Category A colony in South Delhi.
What is the total area covered by these projects?
The total area covered by the three projects is approximately 70,000 sq. ft.
What is the sales potential of these projects?
The sales potential of the three projects is estimated to be around Rs 240 crore.
Who is Golden Growth Fund (GGF)?
Golden Growth Fund (GGF) is a Category II Alternative Investment Fund focused on premium real estate in South Delhi, launched in September 2024 with a commitment to raise Rs 400 crore.
Tags:
Related News Articles
Raymond Ltd's Real Estate Business Split Boosts Shares to 52-Week High
Raymond Ltd shares soar 12% after announcing demerger of its Real Estate Business into Raymond Realty Limited, paving way for separate listing.
Kolkata Leads in Home Affordability, Mumbai Poised to Follow by 2025
Kolkata has emerged as the city with the highest home affordability, according to a recent report by JLL. The report also projects that Mumbai will see significant improvements in affordability by 2025.
Pune's Commercial Real Estate Market Soars, Paving the Way for 2025
The commercial office market in Pune is experiencing unprecedented growth, with several game-changing trends set to redefine the landscape by 2025.
Tesla Set to Open First Showroom in Mumbai's Maker Maxity, BKC
In a significant move, Tesla, the renowned electric vehicle manufacturer, plans to open its first showroom in India at Mumbai's prestigious Maker Maxity in BKC. This development marks a crucial step in Tesla's expansion into the Indian market.
Priyanka Chopra Sells Lucrative Mumbai Apartments for Over Rs 16 Crore
Bollywood star Priyanka Chopra has offloaded four luxurious apartments in Mumbai, raking in over Rs 16 crore. The sale highlights the glamour and financial prowess of the Indian film industry's elite.
Two Developers Booked for Forging MBMC Commencement Certificates in Mira-Bhayandar
In a significant crackdown on real estate fraud, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has booked two developers for forging MBMC (Mira-Bhayandar Municipal Corporation) Commencement Certificates (CCs). These certificates are crucial legal documents issued by civic authorities, ensuring the legitimacy and compliance of construction projects.