Golden Growth Fund and Grovy India have invested ₹180 crore in three luxury redevelopment projects in South Delhi, covering 70,000 sq-ft. With sales potential of ₹240 crore, the projects reflect rising demand for premium homes in top Delhi colonies like Anand Niketan and Neeti Bagh.

Golden Growth vehicle (GGF), a category-II alternative investment vehicle, aims to collect 400 crore for land purchase in South Delhi to create luxury apartments. After its first financing round, the fund bought property in South Delhi's posh Anand Niketan residential complex.

Two sources said Rajat Khare, founder of Luxembourg-based venture capital company Boundary Holding, and Shweta Khare, president, bought a 948-square-yard property in Delhi's Anand Niketan for 876 crore.