Grovy India Expands South Delhi Real Estate Portfolio to 1,89,000 Sq. Ft.
Strengthening its position in the South Delhi real estate market, Grovy India Ltd., a BSE-listed real estate company headquartered in South Delhi, has expanded its development pipeline to a substantial 1,89,000 sq. ft. This expansion includes both ongoing and upcoming projects across the South Delhi market.
This comprises 1,42,000 sq. ft. of ongoing projects and 47,000 sq. ft. of projects in the pipeline across South Delhi, as stated in the company's Q2 FY26 investor presentation. Grovy India Ltd., established in 1985, has a rich history of real estate development and consultancy, having completed over 100 projects.
The company has recorded a remarkable 1180% increase in net profit, reaching Rs 37.63 lakhs in Q2 FY26, compared to Rs 2.49 lakhs in the same period last year. Total revenues have also surged by 1142%, reaching Rs 1552.87 lakhs.
Nishit Jalan, CEO of Grovy India, said, “The strong growth underscores our commitment to delivering high-quality spaces while meeting the rising demand for luxury independent floors in South Delhi. With a balanced mix of active and planned developments, we are poised to enhance our portfolio, create long-term value, and reinforce our reputation for consistent execution and innovation.”
The price of independent floors in South Delhi has seen a consistent increase due to higher demand and limited supply. According to a report by Golden Growth Fund (GGF), a Category-II real estate-focused Alternative Investment Fund (AIF), a surge in redevelopment activity, growing preference for luxury housing, and renewed buyer confidence in the Delhi real estate market have pushed the average price of independent floors in South Delhi up by 12-17% across Category A and B colonies in the third quarter of 2025.
As a result, local inhabitants are increasingly looking to monetize their land or redevelop it with better FSI utilization to lift the capital value and rental income.
South Delhi stands out among other micro-markets due to its consistent demand, reliable and safe investment opportunities, good return on investment, robust infrastructure, and excellent connectivity to employment and entertainment hubs, Jalan added.
