South Delhi Luxury Real Estate Gets ₹180 Crore Boost from GGF and Grovy India

New Delhi, June 2, 2025: In a strategic move aimed at capturing the growing demand for luxury housing, Golden Growth Fund (GGF) and Grovy India have jointly invested ₹180 crore across three upcoming real estate projects in South Delhi. The combined built-up area of these high-end developments is expected to span around 70,000 sq. ft.

Key Locations and Timelines

The initial projects are located in Anand Niketan and Neeti Bagh, two of the most sought-after neighbourhoods in South Delhi. While construction work in Anand Niketan began in January 2025, the Neeti Bagh development is scheduled to commence next month. The third project is set to be launched within four months in another Category A colony of South Delhi.

Sales Potential Pegged at ₹240 Crore

Market watchers estimate that the three projects together have the potential to generate sales worth approximately ₹240 crore. This aligns with GGF’s strategy of entering markets that offer both high-end buyer interest and capital growth opportunities.

Investor-Focused Vision

Golden Growth Fund’s CEO, Ankur Jalan, stated that the investments reflect a strong commitment to delivering not only superior living spaces but also ensuring a stable Internal Rate of Return (IRR) of over 20% for their investors. He emphasised that South Delhi’s real estate remains less volatile compared to other urban micro-markets and continues to attract buyers seeking privacy, upscale amenities, and excellent connectivity to Delhi-NCR's prime business zones and the airport.

A Market Ripe for Redevelopment

South Delhi is home to nearly 18,500 privately owned residential plots, classified by the MCD under various categories such as A, B, and C. These collectively carry a current market valuation of ₹5.65 lakh crore. The average price for plots in Category A colonies ranges from ₹7–15 lakh per sq. yd., while Category B plot prices fall between ₹6–12 lakh per sq. yd. The data signals immense redevelopment opportunities, particularly in affluent zones like South and Lutyens’ Delhi.

AIF Strategy with a South Delhi Focus

Golden Growth Fund is reportedly the only Alternative Investment Fund (AIF) solely focused on South Delhi’s premium real estate. Launched in September 2024, the fund aims to raise ₹400 crore to acquire land parcels in South and Lutyens Delhi, capitalising on the demand for upscale, end-user-driven residential supply. Jalan claimed the fund has already garnered strong investor interest, thanks to its niche focus and strategic land acquisition model.

Grovy India’s Legacy in Luxury Housing

Established in 1985, Grovy India Limited has completed over 100 luxury housing projects in South Delhi. Its continued partnership with GGF is seen as a natural extension of its long-standing presence and execution capabilities in the region.

A Shorter Investment Cycle, Stronger Compliance

GGF offers investors a shorter project gestation period of approximately 1.5 years. Its model involves pooling capital from multiple investors to build a diversified real estate portfolio—thus reducing risks and enhancing returns. With professional management ensuring strategic execution and SEBI’s oversight guaranteeing transparency and regulatory compliance, the fund is positioning itself as a secure and profitable option for those looking to invest in Delhi’s most affluent neighbourhoods.

Disclaimer: This article is intended for informational purposes only. It does not constitute financial advice. Readers should consult professional advisors before making investment decisions.